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Kenya is currently at exploration phase in all its oil blocks including the Tullow Oil, Africa Oil, and Total Kenya Turkana Project. Following. Summary · Kenya steps up efforts to tap global investors at the London Stock Exchange to raise capital to fund projects in the oil and gas sector. Oil and Natural Gas Corporation Ltd firm seeks a strategic investor for its onshore oil project in Kenya, the company said on Saturday. HORSE RACING PLACE BETTING RULES IN NO LIMIT
Technologies to decarbonize the extraction and production of hydrocarbons already exist and many are economically viable. A potential first step could be to optimize operations by minimizing heat and power demands and optimizing feedstocks to ensure more energy efficiency.
Sustainable-design choices, for example, monetizing wasted gas from flaring, minimizing fugitive emissions, and deploying zero-carbon energy supply such as solar power for energy at the well pad are also now available for deployment and increasingly present economic benefits. Further downstream, CO2 released from large point sources such as oil refineries could be captured and used in other applications or permanently stored in deep geological formations, including depleted oil and gas reservoirs or saline formations.
Beyond initiatives to directly decarbonize operations, oil and gas sector players could consider, as a last resort, offsetting their emissions or generating carbon credits by implementing nature-based solutions that protect or improve natural ecosystems that sequester atmospheric CO2. Such initiatives could include forest conservation, reforestation, and improved land practices, among others. To improve the cost competitiveness of their resource bases, African oil and gas producing countries could consider a range of levers.
First, national governments could explore optimizing their fiscal regimes to improve their resources position on the resource supply curve. For example, Nigeria recently passed the Petroleum Industry Act, which among other provisions introduced a fiscal framework designed to improve the cost competitiveness of the basin.
Host governments could additionally consider initiatives to reduce operating costs, by addressing regional insecurity, for example. There are also regulatory levers that African producer countries could consider to improve the cost environment, including ensuring that local content regulations strike an appropriate balance between building local-industry capacity and reducing costs. Lastly, African oil and gas producing countries could implement measures to generally improve the ease of doing business, including streamlining the permitting processes and strengthening contract enforcement, which could also help to reduce operating costs.
Investment in lower-carbon-energy infrastructure projects, especially gas pipelines, processing infrastructure, and liquified petroleum gas LPG , could enable African countries to promote intraregional trade and boost global exports of African energy products, while also helping to strengthen regional energy access. To ensure bankability, these infrastructure projects would likely need to incorporate decarbonization or carbon offset levers.
For example, McKinsey analysis suggests that despite having the largest proven gas reserves on the continent, Nigeria could find itself in a situation in which gas demand outstrips gas supply by by at least three billion cubic feet per day. This presents a potential opportunity for investment in gas infrastructure such as gas pipelines, gas processing facilities, and coastal LNG regasification to connect currently stranded gas reserves onshore and offshore with domestic industrial, commercial, and power demand centers.
In the short term this will come from flexible gas-based power generation to compensate for renewables intermittency until cost-competitive, long-duration energy storage solutions become available. Expanding on-grid electricity supply via increased gas-powered generation will require investments in gas pipeline and processing infrastructure to move natural gas from its source of supply to gas-powered generation plants.
Countries in West and East Africa with significant gas reserves could consider developing cross-border gas pipeline infrastructure to connect to regions where gas will be in significant demand, including countries in North Africa and southern Africa. Alternatively, African countries with significant natural gas demand could invest in coastal LNG regasification plants to allow gas to be imported from other African countries with LNG export capabilities.
Looking globally, there is also potential for increased demand for natural gas resources from Africa, after the European Commission 15 REPowerEU, This demand could potentially be met through investment in gas-export infrastructure such as LNG export terminals or continental gas pipeline projects to deliver African natural gas to European and other global customers.
For refined petroleum products, McKinsey analysis suggests that African demand will grow from 4. This could create opportunities for lower-carbon projects such as biofuels production, including bioethanol and biodiesel—to partially offset gasoline and diesel demand—or increasing LPG production, bottling, and distribution infrastructure. Expanding access to LPG in Nigeria by investing in distribution infrastructure could stimulate the uptake of cleaner cooking fuels for the more than million Nigerians who rely on carbon-intensive cooking fuels, while also being a potential source of carbon credits.
Exhibit 4 We strive to provide individuals with disabilities equal access to our website. To help secure energy resilience into the future, African oil and gas producing countries could also consider investing in renewable-energy projects. Investing in renewable-energy projects to generate new revenue streams To help secure energy resilience into the future, African oil and gas producing countries could also consider investing in renewable-energy projects.
Given the high demand for electricity in many African countries, several alternative energy sources such as solar and wind energy have attractive outlooks. Since , renewable-energy solutions have experienced rapid cost improvements. Installation and operational efficiencies have fallen in the past decade, with reduced lead times across both solar and wind energy.
Blue and green hydrogen, nascent technologies with unit costs projected to decline, also hold potential for future export to European demand markets. The government of Namibia has recently announced plans to develop a ,ton green-hydrogen project to supply green hydrogen hydrogen produced from electrolysis of water using renewable energy and derivatives to regional and global markets. Green Hydrogen Namibia. African oil and gas producing countries could also look to their natural ecosystems for significant new carbon-abatement revenue streams.
New business opportunities such as these would likely require support from a number of stakeholders. Market changes may also be necessary. In the case of blue hydrogen hydrogen produced from natural gas through the process of steam methane reforming , for example, carbon pricing would be an important enabler. The UN Paris Agreement requests each country to outline and communicate its post climate actions, known as their Nationally Determined Contributions NDCs , which embody efforts to reduce national emissions and adapt to the impacts of climate change.
For example, Algeria, Chad, Egypt, and South Africa are particularly well placed for wind and solar energy, while the availability of plentiful natural gas resources in countries such as Nigeria presents opportunities for the production of blue hydrogen. Preparing for the new energy landscape While the speed of the energy transition is uncertain, there is no doubt that the world is moving toward a low-carbon future.
African oil and gas producing nations will need to evolve their strategies to prepare for this, taking into account the particular challenges and opportunities at stake in their context. In charting a pathway toward the new energy landscape, we present here three broad actions that could be considered.
Create an enabling environment to stimulate investment A supportive environment could enhance the development of renewable-energy projects. African governments could consider initiatives to stimulate investment in the decarbonization of existing operations and in new energy projects while pioneering sustainable-energy opportunities in Africa.
Some countries including Kenya, Malawi, and Rwanda have already introduced incentives such as tax holidays, value-added tax exemptions, and import-duty exemptions for renewable-energy businesses to encourage the sector to scale up. Kenya has also announced plans to launch an emissions-trading system that allows companies to buy emissions allowances through a carbon-credit and green-asset registry.
African nations could also consider facilitating collaboration among key stakeholders in the private sector, nongovernmental organizations, and others, to develop perspectives on sustainable-energy policies to stimulate investment, consider cross-border decarbonization approaches, and to enhance contract approval processes for renewable energy opportunities that reduce the time and costs incurred in the contracting phases.
Access available capital pools Ensuring energy resilience and security in the new energy landscape may require different approaches to financing projects. Stakeholders could look to tap into these financing sources including governments, donors, climate-focused investors, and international energy players—that are already active in the new energy sector and offer attractive access to capital pools.
To improve bankability of oil and gas projects, project sponsors could prioritize decarbonization in the design phase and consider incorporating carbon-offset opportunities. The project, which aims to develop crude oil production in East Africa, also intends to take steps to limit greenhouse-gas emissions to below 20 kilograms CO2e per barrel of oil, including by solarizing the East Africa Crude Oil Pipeline and extracting LPG for use in local markets to offset more carbon-intensive cooking fuels.
The project also includes a commitment to develop one gigawatt of renewable energy. Additionally, as global funding shifts away from oil and gas projects, African countries may need to increasingly seek domestic sources of financing to unlock lower-carbon energy projects. Attract skills and develop the capabilities needed for the energy future McKinsey analysis suggests that approximately 40 percent of oil production in African countries is controlled by international energy players that are increasing their focus on renewable energy, carbon-emissions reduction, and cost containment.
There is a significant risk of a technical and skills gap if international players continue to divest from the region. To help address this, African countries could consider increasing and strengthening local oil and gas workforce capabilities while also attracting and investing in the talent, skills, and expertise needed to grow sustainable-energy businesses.
In the short term, stakeholders could look to drive regional content policies to increase local participation across the oil and gas value chain and coordinate global recruitment campaigns to attract the required professionals. In the longer term, there may be an opportunity to explore the development of regional centers of excellence to share best practices and develop oil and gas knowledge and to create knowledge-transfer mechanisms between international and national partners. Stakeholders could also invest in partnerships with local universities to develop relevant new curricula to nurture homegrown talent and skills to support the energy transition.
The direct opportunities available to Kenyan enterprises at the exploration phase involve those related to drilling and well services, drilling equipment hiring, and seismic services. These services where locally outsourced, albeit rarely, tend to be issued to larger companies as they are highly specialized. The question therefore remains to be, whether there is a place for MSMEs at this stage. The Petroleum Act, requires that a contractor shall before engaging in petroleum operations, including exploration, prepare and submit long term and annual local content plans.
These plans are expected to encompass a broad array of services including construction, transport, security, cleaning and forwarding services, among others. At national level, based on the current profile of MSMEs, majority lie within the service sector which have relatively lower barriers to access. The service industry therefore serves as a direct entry point into the sector for MSMEs. However, the idea would be for businesses to tap into existing opportunities for improvement within the sector, like capacity building initiatives by oil companies, to enhance profitability and hence sustainability.
The direct business opportunities include: provision of production and maintenance services; provision of industrial heavy machinery, among others. It is for this reason that concessions provided to Tullow Oil and its Joint Venture Partners pose concerns. Particularly, the month extension on the exploration phase means that Kenya will have to wait until at least December for a Final Investment Decision and project sanction.
This means that in the best-case scenario Kenya would be waiting until at least for First Oil. Production phase takes between years and at this stage we are aware of particular pumps that need to be used for extraction; and wells that need to be maintained. We would definitely benefit from having these available locally. And this is just one of the opportunities available.
Boit said. With oil and gas industry in Uganda, Ethiopia, Tanzania either nearing or at their production phases, this also provides an opportunity for Kenya to position itself as a regional supplier for equipment in the sector. Therefore, as much as this extension means delayed gratification for Kenyans, it provides a window of opportunity for MSMEs to equip themselves to plug in to the sector in later years. Barriers to Access There are clear provisions on providing access to opportunities for local businesses incorporated within the Petroleum Act, and supporting legislationsuch as Public Procurement and Asset Disposal Act, ; and The Buy Kenya Build Kenya Strategy, , among others.
These opportunities are only to be provided subject to particular requirements being met.
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We have built a trusted network of Africa business executives and service providers, connected across simple, reliable platforms with the power to catalyse change and development across Africa. The Africa Business Community has an extensive FREE online Business Opportunity Dashboard that uses sophisticated digital keyword matching and search functions to help you to find the information that you require. Entirely for FREE! As part of the Africa Business Community, you can connect with oil and gas companies in Kenya, find clients in Kenya and the rest of the world or advertise your own products or services globally.
Joining is simple and quick, as well as completely FREE! Today, the company has more than service stations countrywide. Top 10 richest people in Asia and their net worth in The company's operations began in , and until , it was limited to exploration activities delegated by the Ministry of Energy.
However, after that, National Oil started actively participating in importing and selling petroleum products like oil and lubricants. The firm will soon be launching a gas cylinder under the brand name ''Gas yetu. Image: kprl. Who owns Kenya petroleum? The company runs several activities, including petroleum products handling and hospitality, laboratory and fuel loading services. The government of Kenya appoints the management team. Tosha Energy A Tosha Energy station.
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|Forex news audio files||Looking globally, there is also potential for increased demand for natural gas resources from Africa, after the European Commission 15 Companies such as M-Kopa, Sun King, Mobisol and Azuri offer consumers a battery package capable of running three or four lights, a TV or sound system, and a laptop. In terms of policy, the Petroleum Institute of East Africa is the professional body of the industry, playing an important role in the drafting of regulation and standards. The July discovery of a major onshore gas resource in neighbouring Tanzania has raised hopes of similar finds in Kenya, and in excitement mounted regarding a potential discovery in the county of Kajiado. This shift is bringing new pressures to bear on the oil and gas sector from stakeholders and regulators. The service industry therefore serves as a direct entry point into the sector for MSMEs. African natural gas companies investing in kenya and gas producing nations will need to evolve their strategies to prepare for this, taking into account the particular challenges and opportunities at stake in their context.|
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|Adnan maalaoui esg investing||The US-based companies Powerhive and Vulcan have begun to make modest inroads into the retail and distribution market, selling small-scale solar power directly to consumers kenya mini-grids. We have built up one of the most extensive networks of global investors looking to invest into Africa. The government-owned Kenya Electricity Transmission Company is the single body investing in electricity transmission, while Kenya Power — in which the government has a substantial shareholding — enjoys a near monopoly on distribution. Given the high demand for electricity investing many African countries, several alternative energy sources such as solar https://maks.opzet.xyz/modern-comic-book-investing/1337-personal-investing-plan.php wind energy have attractive outlooks. The UN Paris Agreement requests each country to outline and communicate its post climate actions, known as their Nationally Determined Contributions NDCswhich embody efforts to reduce national emissions and adapt to the impacts of climate change. The new law has been widely welcomed, as it enables increased transparency and accountability.|
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