Where to buy petroleum

Local magazine showcasing Tullow's social investment projects and responsible operations in Turkana. Tullow has a track record of discovering significant oil resources in East Africa. Tullow has taken its knowledge and understanding of the geology in Uganda across into neighbouring Kenya.

Watch the video below to see how Tullow, its Partners and the Government of Kenya are working together to develop these resources through Project Oil Kenya. In September , the Government of Kenya agreed to an initial extension for the 10BB and 13T licence blocks until 31 December and in December , following approval of the Work Programme and Budget, granted a full extension until 31 December by which date the Group is required to submit a Field Development Plan.

In November Tullow announced a joint decision to re-assess the development plan and design a project that is economic at low oil prices whilst preserving the phased development concept. Tullow and its Joint Venture Partners expect to complete a revised assessment of the project in the second half of During , the Early Oil Pilot Scheme EOPS successfully completed two years of production and all the required reservoir and production data gathering was completed as planned.

The reservoir and production data gathered during EOPS is now being used in redesigning the full field development concept. The impact of this on plateau rates and recoverable resources is being assessed. In parallel, the Joint Venture Partners are also working closely with the Government of Kenya on securing approval of the Environmental and Social Impact Assessments and finalising the commercial framework for the project.

Since then our interest in Block 10A was relinquished in December What is renewable natural gas? What is coalbed methane? What is produced water? What types and amounts of energy are produced in each state? Energy Information Administration. How much of U. If you choose to buy futures or options directly in oil, you will need to trade them on a commodities exchange. Organisation for Economic Cooperation and Development. Rowe Price. Top Mutual Funds.

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The Price of Oil. Oil and the Markets. Table of Contents Expand. Oil as an Asset. Investing in Oil Directly. Investing in Oil Indirectly. What The Experts Have to Say:. Key Takeaways Crude oil is an essential commodity that provides energy and petroleum products to the global market. Investors can speculate on the price of oil directly by trading in oil derivatives or the USO exchange traded product, which tracks the price of WTI crude.

Investors can also play the oil markets in a more indirect manner by investing in oil drillers and oil services companies, or ETFs that specialize in these sectors. The more common way to invest in oil for the average investor is to buy shares of an oil ETF. Finally, you can also invest in oil through indirect exposure by owning various oil companies.

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