Posts Tagged ‘kenya’

RPT-UPDATE 2-Nigeria wins ratings upgrade for tight fiscal policy

by on November 7, 2012 5:14 pm GMT
Wed Nov 7, 2012 12:14pm EST * S&P now in line with Fitch, Moody's assigns Nigeria rating* Forex reserves higher on oil prices, scrapped subsidy* Political tensions, insecurity main risks to ratingsBy Joe BrockABUJA, Nov 7 (Reuters) - Standard & Poor's upgraded Nigeria's credit rating on Wednesday because of improved financial stability and

Anadarko ‘sets Kenya spud date’

by on November 5, 2012 12:16 pm GMT
The US independent will begin one of the two wells before the end of the year with the first spudding on 13 December, Reuters quoted Kenyan permanent energy secretary, Patrick Nyoike, as saying.The wildcats, in Block L7 and Block L11a, will be drilled back to back, the news wire

Tullow finds oil at Kenya Twiga exploration well

by on November 1, 2012 1:48 am GMT
Tullow finds oil at Kenya Twiga exploration wellBY SELINA WILLIAMSLONDON -- Tullow Oil said that it has encountered oil at its Twiga South 1 exploration well in its onshore Kenya block news that could help advance the company's ambitious plans for the region.Drilling is on going and a further announcement of

Total profit down, sales up

by on October 31, 2012 8:20 am GMT
On an adjusted basis, however, the company said its bottom line was boosted significantly.Consolidated net profit for the three months to the end of September was EUR 3.14 billion ($4.08 billion) as against EUR 3.35 billion a year earlier.However, when Total took into account adjustments - which it defined as "income