State to audit Tullow's Kenya oil project cash use
British firm’s Kenya budget for this year is the same as that spent in 2023.
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British firm’s Kenya budget for this year is the same as that spent in 2023.
Financing Africa’s energy, oil and gas development requires significant investment and policy coordination, with risk management and insurance playing crucial roles.
The rise was driven by increased sales volume and higher average realised gas prices.
FID expected this year on $9bn Block 58 development, decision expected after on Petronas Block 52.
Shell sees a $5 billion offshore oil investment opportunity in Nigeria and pledged to spend a further $1 billion in five to 10 years to boost natural gas output for domestic supplies and exports, a presidential spokesperson said on Thursday, citing Shell's director of gas and upstream operations.