Oirere, Shem

Oirere, Shem

Shem Oirere is a business journalist specializing on Africa. He has been freelancing since 2008 after many years working for national newspapers in Kenya where he covered all facets of the country's economy as a correspondent, reporter and business editor. He has written extensively on Africa's chemical, construction, energy, water, maritime, agriculture, oil and gas industries,
• Email: [email protected]

New Age Sells Stake in Marine XII

Sep 12, 2019

Privately held oil and gas exploration and production company New Age (African Global Energy) Limited has announced the completion of the US$800 million sale of its 25% non-operated interest in the offshore Marine XII permit in Congo (Brazzaville) to LUKOIL Upstream Congo SAU…

LEKOIL Makes Progress Offshore Nigeria

Sep 05, 2019

Africa-focused oil and gas exploration, development and production company LEKOIL announced progress in one of its Nigerian projects months after a temporary setback in its asset acquisition spree in the West African country.The company said…

New Find Opens Doors for Equatorial Guinea

Aug 30, 2019

The new discovery offshore Equatorial Guinea’s Block 1 by US-based exploration and production company Noble Energy puts the West African country on the road to reversing declining oil and gas output should the project be turned into a viable commercial venture…

FPSO Market Growth Props BW Offshore’s Africa Plan

Aug 22, 2019

Global floating production services provider BW Offshore has confirmed a one-year extension for the lease and operation of the FPSO Petroleo Nautipa on the Etame field offshore Gabon for VAALCO Energy.BW Offshore, which owns a fleet of 15 floating production…

A Gleam of Hope for Kenya’s Offshore

Aug 15, 2019

Kenya’s offshore oil and gas sector has remained underexplored even as the country remains optimistic of making a breakthrough in the search for more hydrocarbons based on recent growth of its upstream operations.The agreement signed last July…

Sirius Stuck with Ororo Development Plan

Aug 08, 2019

Nigeria-focused oil and gas development and production company Sirius Petroleum now says its license for the shallow water Ororo field in Nigeria hangs in the balance after the firm failed to launch its next phase of the field work program on…

Tower’s Financial Reprieve in Cameroon

Aug 01, 2019

London-based, independent oil and gas company Tower Resources Plc has sighed with relief after the repayment of its $750,000 short term loan facility was extended to August 31 this year to enable the company finalize arrangements for the drilling…

Tullow Enters Comoros Offshore

Jul 25, 2019

Multinational oil and gas exploration company Tullow Oil plc will in the next two months launch a bid to acquire 3,000 square kilometers 3D seismic survey after the firm successfully completed its entry into the Africa’s east coast volcanic archipelago of Comoros…

A Boost for Africa’s P&A Market

Jul 18, 2019

Despite Africa not being a top contender in the global decommissioning market, the region holds huge potential for growth as more offshore old and gas fields mature while some of the newly drilled ones turn dry.The region’s top oil and gas producers such as Angola…

With New Boss, It's Time NNPC Walked the Talk

Jul 11, 2019

Nigeria has a new face at the helm of the country’s petroleum industry regulator, and already he has announced ambitious targets for the next five years. Achieving these goals will have to rely partly on how much investment can be attracted…

A Boost for South Africa Offshore

Jul 04, 2019

South Africa’s offshore space is getting busier ahead of the finalization of the country’s oil and gas regulatory framework as more well-endowed exploration firms position themselves for a long-drawn exploration of the country’s under-explored offshore hydrocarbon reserves…

Tullow Encounters Delays Offshore Ghana

Jun 27, 2019

UK-based oil & gas company Tullow Oil Plc’s subsidiary Tullow Oil Ghana, has announced the pushing back completion of drilling of the Enyenra-14 production well in Deepwater Tweneboa, Enyenra and Ntomme (TEN) field development following revision of 2019 projection figures for this offshore project…

Study Findings Boost Chariot’s Morocco Plan

Jun 20, 2019

Guernsey-based oil and gas explorer Chariot Oil & Gas has announced the completion of the development feasibility study and gas market assessment for one of its gas fields in Morocco as the company inches closer to a full-blown hydrocarbon development…

West Africa Offshore Outlook

Jun 17, 2019

The outlook for West Africa’s offshore oil and gas market remains positive despite some hiccups hinged on delay by some countries in the region to align their hydrocarbon regulations to prevailing market trends and the intensifying global competition…

Ivory Coast to Conclude Talks on New Contracts

Jun 14, 2019

Ivory Coast is expected to finalize the licensing procedures for six oil blocks this month with the outcome likely to boost the West African country’s drive to attract increased investment in its upstream activities and enable it double output by 2020 in line with the National Development Plan…

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