Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  




Subscribe to our free daily newsletters



OIL AND GAS
Oil found in northern Kenya
by Daniel J. Graeber
Washington (UPI) May 17, 2017


Africa-focused energy company Tullow Oil said Wednesday it made an oil discovery in a region of Kenya thought to contain at least 750 million barrels of oil.

Tullow said it ran through a net column of 246 feet of oil in Kenya while drilling its Emekuya-1 well in the northern section of the South Lokichar basin. Exploration Director Angus McCoss said in a statement the discovery was a significant component of the company's regional portfolio given the extent of the reservoir.

"We now look forward to the remainder of the Kenya exploration and appraisal campaign in support of the ongoing work to prepare this important asset for full field development," he said.

Tullow is a partner with African Oil Corp. and Maersk Oil on the project.

Africa Oil Corp. reported last year that an independent review of its reserves in the South Lokichar basin revealed an estimated gross of 766 million barrels of oil, a 24 percent increase from the previous estimate. In a nearby basin, Tullow last year made its most significant regional discovery in a reserve area not previously known to hold oil.

Kenya aims to build a crude oil pipeline to the coast with the help of Tullow Oil and its partners. Studies on engineering and development of that pipeline were expected at some point during the first half of the year.

Tullow last year was plagued by equipment and legal issues at some of its prime holdings in Africa. The compounding strains of lower crude oil prices in 2016 forced the company to cut its spending plans. Full-year 2016 revenue of $1.3 billion was 21 percent lower year-over-year, though its losses improved considerably over 2015.

OIL AND GAS
RBC: Iran is the oil wild card
Washington DC (UPI) May 16, 2017
With presidential elections coming Friday, and an assertive U.S. president in play, Iran is the wild card in the global crude oil game, analysis found. Iranian President Hassan Rouhani leads in a race to secure a second term, though his closest rival, conservative cleric Ibrahim Raisi, has the tacit support of Ayatollah Ali Khamenei, the country's supreme leader. As was the case ... read more

Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Genome sequence of fuel-producing alga announced

New breakthrough makes it easier to turn old coffee waste into cleaner biofuels

Enhancing the efficiency of cereal straw for biofuel production

Biomass powering U.S. military base

OIL AND GAS
Solar power not a favorite for New Zealand

Atomic-scale study could pave the way for better, longer-lasting solar cells

Next-gen solar cells could be improved by atomic-scale redesign

Installing solar to combat national security risks in the power grid

OIL AND GAS
Scientists track porpoises to assess impact of offshore wind farms

Dutch open 'world's largest offshore' wind farm

OX2 will manage a 45 MW wind farm owned by IKEA Group in Lithuania

Building Energy celebrates the beginning of operations and electricity generation of its first wind farm

OIL AND GAS
South Africa to restart nuclear power plans

Tunnel collapse at US nuclear site raises safety concerns

Tunnel collapses at US nuke site, no radiation leak

Plutonium research to aid nuclear cleanup techniques

OIL AND GAS
Rising temperatures threaten stability of Tibetan alpine grasslands

Tillerson: Trump will not rush US climate policy review

Shelf sediments reveal climate shifts through the eons

Trump delays decision on Paris climate deal

OIL AND GAS
Judge seeks criminal review of Uber-Alphabet dispute

South Korea building world's largest test site for self-driving cars

Judge blesses $1 bn compensation deal in VW diesel case

Experiments show that a few self-driving cars can dramatically improve traffic flow

OIL AND GAS
Jihadists snaring starving civilians in Mosul death trap

Iraq forces launch anti-IS push in western desert

IS attack on Kurdish base in Iraq kills two

Iraq forces advance in west Mosul

OIL AND GAS
N. Korea says 'new missile' can carry nuclear warhead

New S.Korean president talks to China, Japan leaders

South Koreans vote in historic election

CIA forms special unit focused on North Korea threat




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News






The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement