• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 18 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 2 days The Discount Airline Model Is Coming for Europe’s Railways
  • 5 hours Starvation, horror in Venezuela
  • 13 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 1 day Pakistan: "Heart" Of Terrorism and Global Threat
  • 14 hours Saudi Fund Wants to Take Tesla Private?
  • 1 day Venezuela set to raise gasoline prices to international levels.
  • 1 day Are Trump's steel tariffs working? Seems they are!
  • 2 days Batteries Could Be a Small Dotcom-Style Bubble
  • 2 days Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 days WTI @ 69.33 headed for $70s - $80s end of August
  • 6 hours China goes against US natural gas
  • 7 hours Why hydrogen economics does not work
Alt Text

Canada Frees Itself From Saudi Oil Imports

Political differences have created a…

Alt Text

The Next Big Energy Standoff Will Happen Here

With incredible estimates of undiscovered…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

Global Energy Advisory – 27th March 2015

Frontier Updates

• Amid the oil price slump, if you’re considering Africa, forget Nigeria and look to Kenya. The east African emerging oil giant has just received a boost from the World Bank, which raised its growth forecast for the country. According to the World Bank, Kenya’s economy will be boosted because, for now at least, it’s a net importer of crude. Nigeria, by comparison, is being pummeled by the Boko Haram insurgency, and its revenue base is not diversified enough to be able to handle low oil prices. That’s good for other investments, but what about Kenyan oil? We’re looking at about 2.6 billion barrels of oil—a figure that is likely to increase significantly with new discoveries. One thing to be aware of, though: Kenya—as an emerging oil giant—is under a lot of pressure to make sure production-sharing agreements are in the government’s favor. The country’s draft energy policy proposes a 75:20:5 sharing ratio between the national government, county governments and local communities, but when it comes to revenue-sharing agreements with companies, there is not yet a standard. To navigate this venue, look to Tullow Oil Plc—which made the initial breakthrough discoveries in Kenya and put the country on the oil map. Tullow excels at oil diplomacy, where others bulldoze through to failure.

• We have been waiting for many long months—two years to be exact—for Lebanon to pass…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News