Petrol Price Up by KSh 5, Diesel Down By KSh 3.80
Kenyans will pay KSh 5.77 more for a litre of petrol effective June 15, from last month's KSh 83.33. However, customers will pay less for diesel and kerosene after the [...]
Oil Distributors Risk KSh 1M Fine for Hoarding EPRA
The Energy and Petroleum Regulatory Authority has cautioned Oil Marketing Companies (OMCs) against hoarding to create artificial shortages. EPRA warns OMCs and petroleum retail stations that hoarding will result in [...]Floating Power Plants; Reshaping of Mobile Power Generation
Floating power plants are taking shape all over the world, allowing innovations for mobile power generation. Companies such as Siemens, Karpower in Turkey, and ROSATOM in Russia have already launched [...]Nigeria's Economy Grows by 1.87% in Q1 2020
The Nigerian economy recorded a 1.87% Year on Year growth in Q1 2020. This is a decline in growth from 2.55% in Q4 2019. The nation also reported nominal GDP [...]Total Drops Plan to Buy Occidental Petroleum Assets in Ghana
French Oil and Gas multinational, Total, has dropped plans to buy Occidental Petroleum assets in Ghana. The deal was part of an $8.8 billion agreement reached between Total and Occidental [...]140MW Olkaria VI Construction on Track KenGen
Leading power generating company, Kengen is not showing any signs of slowing down with the announcement of upcoming plans for 140MW Olkaria VI. The construction of the new power plant [...]Ethiopia Energy Sector Receives $10 Million Investment, AfDB
Ethiopia will receive $10 Million investment as a concessional loan, AfDB confirmed last week. The Investment will be used towards financing Ethiopia's 50MW Tulu Moyo Geothermal power plant. Funding for [...]Tullow Oil Sells its Stake in Uganda to Total
Tullow Oil has agreed to sell its entire stake (33.3%) in the Lake Albert Development Project in Uganda (Blocks 1, 1A, 2 and 3A, and the proposed East African Crude [...]Kenya Leaps to Top 7 Geothermal Power Producers Globally
Kenya has leaped to the top seven geothermal power producers globally, surpassing Italy according to global data. Kenya, through Kengen, which produces 85% of Kenya's Geothermal power, now has an [...]AfDB Denies Funding Uganda's Pipeline Project
The African Development Bank(AfDB) has denied claims that it plans to provide funding to Uganda's oil pipeline project. These follows a protest letter by climate change crusaders and civil society [...]
Egypt Signs Long-Term Nuclear Energy Contract With Russia's ROSATOM
ROSATOM, through one of its enterprise Novosibirsk Chemical Concentrate Plants (NCCP) have signed a 10 year contract with Egypt. Based on the contract, ROSATOM will supply components of low [...]US EXIM Bank Greenlights $91.5 Million Financing for Senegal's Renewable Energy
The US EXIM (Export-Import Bank of America), has given the green light of a loan guarantee financing of $91.5M to the Republic of Senegal. The funding will boost the West [...]
