Today, oil and gas is utterly crucial to our society. Many of us enjoy a lifestyle that the generations before us could barely dream of. We’ve spent a long time getting this far, and hydrocarbon exploration and usage has a long history. Here is a summary timeline history of oil usage and exploration, from 40,000 years ago until today
Australian oil exploration firm Pancontinental Oil & Gas NL has confirmed an “historic” discovery of oil in an exploratory well sunk off the Lamu coast in southern Kenya.
As east Africa braces itself to reap in the benefits of the newly found oil resources, side-deals will brew an unwelcome distraction when it comes to who will benefit the most.
The entire shale fracking endeavour began as a somewhat quixotic, patriotic ambition within fledgling federal energy research programs. Scientists had long understood the geology of shales and knew there was gas to be had But everyone assumed it was unreachable.
we can always expect Museveni to fall back on some populist measures when elections draw closer – whether it’s releasing another rap or the more traditional hand-outs at public or youth rallies
Oil and gas exploration is a very expensive venture owing to the sophistication of technology and equipment involved. The uncertainty of striking any oil or gas reserves further raises the risk profile of the business, making it quite unpopular among many investors. …
#MindSpeak organised Aly-Khan Satchu at the Intercontinental Hotel, had a discussion panel about the extractive industry and I attended this session from which I gathered some interesting insights.
The event was an eye opener to many especially to the many geologists, engineers and lawyers who were informed of the various opportunities in the extractive industry.
So you’ve been hearing about BLOCK 10BB, BLOCK 10A, BLOCK L-10B, but how were these blocks named?
DID WE SELL ALL OR BLOCKS TO NIGERIA OR WHO’S CHEATING WHO?
Now that Kenya is set to enter the league of oil-producing nations, the country may want to examine a little more closely its relationship with foreign governments and companies seeking to extract oil and other natural resources from our land and shores. John Perkins’s book, Confessions of an Economic Hit Man, might be a good place to start.