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Why Kenya should use low oil price era to clean up house
A Tullow Oil rig at the Ngamia 3 site in Turkana County. Tullow Oil, the company that discovered oil at Ngamia 1 well, cut spending on exploration to $200 million from $1 billion. FILE PHOTO | NATION MEDIA GROUP
When oil and gas exploration and production companies have a cold, the service sector gets a heart attack; so goes a saying in the energy industry.
The industry, with its history of booms and busts which date back to the 1900s, is experiencing a new downturn.
