Tullow Oil’s recent acquisition of full control over the Turkana oil project for Sh577 million (around $4.5 million) marks a pivotal moment in Kenya’s oil industry. The high-stakes move consolidates Tullow’s position as the dominant player in the South Lokichar basin, a region with immense oil potential. The acquisition has significant implications for Kenya’s economic…
Heavy rains and flooding in Kenya have not only disrupted daily life but also posed significant challenges to the country’s energy infrastructure. Fuel stations, crucial for keeping vehicles on the road, have been particularly affected, raising concerns about fuel quality and vehicle safety. In response to this crisis, the Energy and Petroleum Regulatory Authority (EPRA)…
Fuel prices in East Africa have been a subject of interest for many years, with Kenya often topping the list as the most expensive country in the region. Despite recent price reductions, Kenya still has the most expensive fuel in East Africa, surpassing its neighbors Uganda and Tanzania. This comparative analysis aims to explore the differences…
Tanzania is focusing on boosting production from the Mnazi Bay natural gas field, a vital part of its energy sector. With proven reserves of 57 trillion cubic feet, Tanzania ranks 14th in global natural gas production. The Mnazi Bay field alone holds 641 billion cubic feet and currently provides 48% of Tanzania’s gas. To increase…
Saudi Aramco’s abrupt decision to halt its oil output expansion plans has significant implications for the global oil market. This move reflects concerns about demand growth and competition from sources like shale oil. As a result, the Saudi energy ministry instructed the company to maintain a maximum production capacity of 12 million barrels per day,…
The impending fuel price hike in South Africa is expected to have widespread economic implications, affecting both the cost of living and overall economic growth. It is anticipated to increase transportation costs, leading to higher prices for goods and services. This may strain consumers’ budgets, reduce purchasing power, and contribute to inflation, exacerbating living costs…
Shell’s recent agreement with Dangote Fertiliser entails the development of a gas field in Nigeria, primarily centered on supplying gas from the Iseni field to boost production and stimulate economic growth. The collaboration between Shell and Dangote Fertiliser is poised to reshape Nigeria’s energy landscape by increasing energy production, facilitating exports, and contributing to the…
