Kenya has long carried out exploratory drilling – a total of 31 exploration wells were drilled between 1960 and February 2012 – but until recently it did not record any significant finds. This changed in March 2012, when Tullow Oil announced an oil discovery at the Ngamia-1 well in Turkana. As of July 2014, a further 16 wells had been drilled, of which 11 were discovery...
Energy
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Articles & Analysis | The development of a land bridge to transport oil across East Africa could transform the region from The Report: Kenya 2014
Interviews & Viewpoints | OBG talks to Martin Mbogo, Country Manager, Tullow Oil from The Report: Kenya 2014
Interviews & Viewpoints | OBG talks to Davis Chirchir, Cabinet Secretary, Ministry of Energy and Petroleum from The Report: Kenya 2014
How will the recent oil discoveries in Kenya affect its import bill, local reserves and export capacity?
Articles & Analysis | Commercially viable discoveries lay the groundwork for the domestic oil and gas industry from The Report: Kenya 2014
Along with Tanzania and Uganda, Kenya is emerging as a new destination for oil and gas explorers after several hydrocarbons deposits in commercially viable quantities were found in the East Africa region. A series of onshore and offshore oil and gas finds in Kenya suggest that the country has the potential to become a hydrocarbons exporter, as well as a regional energy...
Economic update | Saudi Arabia powering up
18 Nov 2014
The first wave of state-backed solar power stations in Saudi were recently unveiled as part of a much larger commitment to diversify the Kingdom’s electricity generation capacity.
Economic update | Kuwait targets subsidy reforms
17 Nov 2014
Plummeting oil prices have brought renewed calls for Kuwait to deepen its focus on diversifying its economy and reducing hydrocarbon dependency.