Otto Marine announces sale and leaseback of one AHTS at US$100million

[twitter-follow screen_name=’oilnewskenya’] Otto Marine Limited a leading offshore chartering group, which owns and operates more than 60 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion … Read More

Swala Energy Receives Funding for Exploration in its East African Acreage

[twitter-follow screen_name=’oilnewskenya’] Swala Energy Limited has announced that Swala has received US $750,000 under the terms of the Convertible Note Facility pursuant to the Company’s ASX Announcement in mid December. … Read More

Tembo 1 well plugged and abandoned after minimal success

[twitter-follow screen_name=’oilnewskenya’] After a number of delays Wentworth Resources has announced that drilling operations of the Tembo-1 well have now completed and with the well having reached to a total … Read More

Total begins drilling of its deepest offshore project yet

[twitter-follow screen_name=’oilnewskenya’] Total has today reached another milestone for the Egina project in Nigeria, as an intensive drilling program got under way. The company has mobilized two rigs which will … Read More

Tower Resources resolves dispute with Repsol in Namibia

[twitter-follow screen_name=’oilnewskenya’] Tower Resources has announced that it has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited relating to the disputed costs associated with the drilling of the … Read More

Lake Turkana Wind Power Project Achieves Financial Close

Following the financial close of Lake Turkana Wind Power Project (LTWP) on 11 December 2014, LTWP has received the first disbursement of funds pursuant to financing agreements signed in March … Read More

Tullow Oil Hands Over Kshs.18 million Water Project in Turkana, Kenya

[twitter-follow screen_name=’oilnewskenya’] Tullow Kenya has today handed over an Kshs.18 million water project to the residents of Kataboi in Turkana North consisting of a borehole, solar powered submersible pump and … Read More

Simba Energy expects to sign Block 2A 2D seismic contract in Q1 2015

[twitter-follow screen_name=’oilnewskenya’] Simba Energy has said it expects to sign a contract and commence the initial 2D seismic program in the first quarter of 2015 with its technical team having … Read More