Louisiana Light • 2 days | 71.80 | -1.73 | -2.35% | |||
Bonny Light • 1 day | 72.36 | -1.43 | -1.94% | |||
Opec Basket • 2 days | 75.19 | -1.69 | -2.20% | |||
Mars US • 8 hours | 67.49 | -1.72 | -2.49% | |||
Gasoline • 10 mins | 2.444 | +0.000 | +0.01% |
Bonny Light • 1 day | 72.36 | -1.43 | -1.94% | |||
Girassol • 1 day | 74.10 | -1.27 | -1.69% | |||
Opec Basket • 2 days | 75.19 | -1.69 | -2.20% |
Peace Sour • 23 hours | 63.71 | -3.21 | -4.80% | |||
Light Sour Blend • 23 hours | 65.01 | -3.21 | -4.71% | |||
Syncrude Sweet Premium • 23 hours | 73.96 | -3.21 | -4.16% | |||
Central Alberta • 23 hours | 63.31 | -3.21 | -4.83% |
Eagle Ford • 2 days | 65.94 | -3.21 | -4.64% | |||
Oklahoma Sweet • 2 days | 66.00 | -3.25 | -4.69% | |||
Kansas Common • 2 days | 59.75 | -3.25 | -5.16% | |||
Buena Vista • 9 days | 76.15 | -1.09 | -1.41% |
Following more than 35 oil…
The global oil markets have…
Small independent Kenyan energy firms are selling their stakes to large Western-based exploration companies as interest in the east African countryâs 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, Nairobiâs Business Daily reported.
In its latest report, âA Dash for Gas and Oil in East Africa,â 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
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