Atlas Development in Joint Venture Partnership with Ethiopia’s Orchid Business Group

AIM and NSE listed Support services and logistics company Atlas Development has announced that it has established an Ethiopian joint venture company with Orchid Business Group PLC (Orchid), a prominent … Read More

GPB Global Resources begins 2D seismic acquisition in Ethiopia

Russian explorer GPB Global Resources has said it has began acquiring 2D seismic at the Gewane-El Wiha license area where it signed a Petroleum Production Sharing Agreement (PPSA) in July … Read More

Loss Making Atlas Development focuses more on Ethiopia and Tanzania as activity in Kenya reduces

Nairobi securities exchange listed company Atlas Development has said it is now eyeing the Ethiopian and Tanzanian markets as oil exploration in Kenya and the Turkana region witnesses a significant … Read More

Atlas Development & Support Services anticipates H1 pre-tax losses of $2.5m

The Kenyan headquartered, African focused support services and logistics company Atlas Development has said the H1 pre-tax losses anticipated is $2.5m from an expected turnover of US$11.0m in its latest six … Read More

Africa Oil Closes US$100 Million Financing To East Africa Program

Africa Oil has announced that it has closed the US$100,000,000 non-brokered private placement previously announced pursuant to an Investment Agreement dated May 1, 2015 have been released to Stampede Natural … Read More

Afren Receives 15 Month Extension in Kenya’s Block 1

The government of Kenya through the Ministry of Energy has granted Afren through its subsidiary East African Exploration (EAX) a 15 month extension to the current Second Additional Exploration Period … Read More

Anton Oilfield Clinches Technical Services Contract In Ethiopia

Leading independent integrated oilfield services provider in China Anton Oilfield Services Group has announced that the Group has signed the contract today for providing technical services, including cementing and drilling fluid … Read More