Page 7 - Field Development Plan News Today

National Oil Corporation of Kenya Chairman Kiraitu Murungi has called on President William Ruto to invest in oil production, saying it is the answer to the current debt crisis.

National Oil Corporation of Kenya Chairman Kiraitu Murungi is calling on the government to intensify investments in oil production in order to access potential revenue estimated a Ksh 1.1 trillion.

Africa Oil and Total will write off billions of shillings invested in the three oil blocks where they exited last month.

The withdrawal of two Turkana Oil joint venture partners, Africa Oil and TotalEnergies was not a surprise.

Pharos Energy has issued a Trading and Operations update in advance of the Companys annual general meeting (AGM). The Companys 2023 work programme has started well with strong operational delivery across its repositioned portfolio, including an encouraging drill result at the CNV field in Vietnam and a commercial discovery at the first of two exploration wells in the North Beni Suef concession in Egypt.

Kenya will need at least Sh469 billion for commercial oil production in the Turkana wells to realise its petrodollar dream.

WTI (July) $72.91. +86c, Brent (July) $76.84 +85c, Diff -$3.93 -7c. USNG (June) $2.34 -6c, UKNG (June) 67.24p +2.19p, TTF (June) €29.78 +€0.91. Oil price...

Two Indian State-owned oil firms are in talks to buy a stake in Tullow’s oil project in Turkana.

Tullow Oil plc has been informed by its two minority partners, TotalEnergies and Africa Oil Corp., of their intention to issue notices of withdrawal from Blocks 10BB, 13T and 10BA in the South Lokichar basin for differing internal strategic reasons.

Tullow Oil plc issues the following statement from its Chief Executive Officer, Rahul Dhir, ahead of its Annual General Meeting . The meeting will take place at... | May 24, 2023