• 4 minutes Energy Armageddon
  • 6 minutes "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 12 minutes "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 8 hours Is Europe heading for winter of discontent with extensive gas shortages?
  • 4 days Wind droughts
  • 2 days Kazakhstan Is Defying Russia and Has the Support of China. China is Using Russia's Weakness to Expand Its Own Influence.
  • 7 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 3 hours ""Green" Energy Is a Scam. It Isn't MEANT to Work." - By James Corbett of The Corbett Report
  • 2 hours Xi Is Set To Be Re-Elected As China’s Leader
  • 5 days Oil Prices Fall After Fed Raises Rates
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 18 hours 87,000 new IRS agents, higher taxes, and a massive green energy slush fund... "Here Are The Winners And Losers In The 'Inflation Reduction Act'"-ZeroHedge
  • 13 days "Russian oil executive and Putin critic Ravil Maganov dead after mysterious six-story fall" - The New York Post
  • 10 days Beware the Left's 'Degrowth' Movement (i.e. why Covid-19 is Good)
  • 13 days The Federal Reserve and Money...Aspects which are not widely known
Oil Jumps On EIA Inventory Data

Oil Jumps On EIA Inventory Data

Crude prices rose on Wednesday…

Russia's Snap Referendums In Ukraine Begin

Russia's Snap Referendums In Ukraine Begin

Russia has begun its rushed…

Western Energy Firms Increase their Investment in Kenya

Small independent Kenyan energy firms are selling their stakes to large Western-based exploration companies as interest in the east African country’s energy potential increases.

Underpinning the Western interest is the discovery of oil in neighboring Uganda and Mozambique, which have similar geological structures to Kenya, provoking interest by major foreign oil for exploration, Nairobi’s Business Daily reported.

In its latest report, “A Dash for Gas and Oil in East Africa,” Citi Group noted, "We have seen an acceleration in industry activity recently with multiple seismic programs being acquired, more intensive drilling campaigns planned over the next 12 months, and continued deal activity. Total also recently agreed on a farm-in with Anadarko and Cove for five offshore blocks, which highlights the interest of large-cap oil in the region. We see continued interest from the larger players to gain access to the region with a number of smaller players establishing interesting acreage positions."

Mwendia Nyaga, former National Oil CEO and now an industry consultant said that exploration licenses have been issued to several foreign companies and recent applicants are considering partnerships to gain entry, commenting, "The licensing is unprecedented. All blocks are taken hence the partnerships."

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News