Middle East / Africa
Country summary: Kenya
energy-pedia opportunities - Kenya:
| Current deals: | 1 |
| Licensing articles: | 51 |
| Completed deals: | 48 |
What is energy-pedia opportunities?
Energy-Pedia opportunities is a unique, online, real-time market intelligence service, un-matched in the industry. It provides comprehensive details of upstream oil and gas opportunities worldwide, plus full details of all current and upcoming licence rounds. Helping established oil companies maintain and develop their upstream portfolios and enabling start-up companies to build successful businesses.
Kenya - recent news
| 16 Apr 25 |
Kenya: Tullow agrees heads of terms for sale of Kenyan assets for $120 million Tullow Oil has announced that its wholly-owned subsidiary, Tullow Overseas Holdings, has signed a heads of terms agreement with Gulf Energy to sell Tullow Kenya, which holds Tullow’s entire working interests in Kenya, for a total consideration of at least $120 million. |
| 20 May 24 |
Kenya: IFC and the Italian Climate Fund partner with Eni to support biofuel production, farmers in Kenya IFC (International Finance Corporation) and the Italian Climate Fund have announced a $210 million investment in Eni’s Kenya subsidiary to expand the production and processing of advanced biofuels, supporting the decarbonization of the global transport industry and the livelihoods of up to 200,000 small-scale Kenyan oilseed farmers. |
| 19 Feb 24 |
Kenya: Vestas divests its shares in Lake Turkana Wind Power Vestas has completed the sale of its 12,5 percent shares in Lake Turkana Wind Power (LTWP) in Kenya. The shares have been acquired by the Climate Finance Partnership (CFP), which is managed by BlackRock. With its 310 MW, the LTWP wind farm remains the largest in Africa to date. |
| 23 May 23 |
Uganda: Africa Oil announces the decision to withdraw from its Kenya project Africa Oil Corp has submitted withdrawal notices to its JV partners on Blocks 10BB, 13T and 10BA in Kenya, to unconditionally and irrevocably, withdraw from the entirety of the joint operating agreements and Production Sharing Contracts for these concessions. The carrying value of the Kenya intangible exploration assets was written down to $58.6 million at December 31, 2022, and the Company intends to further impair this value to zero. |
| 23 May 23 |
Kenya: Tullow Oil provides Kenya update Tullow Oil has been informed by its two minority partners of their intention to issue notices of withdrawal from Blocks 10BB, 13T and 10BA in the South Lokichar Basin for differing internal strategic reasons. As a result, Tullow's working interest in these blocks will increase from 50% to 100%. Tullow remains focused on securing a strategic partnership this year. |
Kenya - more news
