Africa's Oil, Gas and Energy News.
On 22 December 2014, Afren plc announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc (Seplat) regarding a possible combination with Afren. Seplat was … Read More
Highlights Average landing cost of imported Super Petrol by 17.79% from $695.38 (Dec 2014) to $571.70 per ton in Jan 2015 Average landing cost of imported Diesel decreased by 15.17% … Read More
Horn Petroleum Corporation a subsidiary of Africa Oil has said it will significantly reduce its activities in its Dharoor and Nugaal PSC areas pending a resolution of the political situation between … Read More
Africa Oil has announced plans to raise US$100m in new equity through a private placement to fund the ongoing appraisal and pre-development activities in the core South Lokichar Basin onshore … Read More
Uganda’s cabinet has approved the auction of six new exploration blocks in the oil rich Albertine basin in what will see the country’s first competitive bidding round. The new shift … Read More
Nearly eight months after OilNews Kenya published that the National Oil Corporation of Kenya (NOCK) was internally discussing exercising its right to back-in in Blocks 10BB and Block 13T the … Read More
Improvements in political and macroeconomic stability, policy certainty and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption, continue to raise the … Read More
CAMAC Energy has announced today the successful completion of its onshore 2D seismic acquisitions on blocks L-1B and L-16 in the Republic of Kenya. The 2D seismic program whose contract … Read More
By Berryl Claire Asiago The impetus at which the extractive industries grow is significant and many countries are now in the process of developing their oil and gas industries, over … Read More
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
