Orca Exploration Closes $60 million financing for Tanzania’s Songo Songo development from IFC

Orca Exploration has announced that it has entered into a loan agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a US$60 million investment in … Read More

Tullow Oil Pushes Kenya’s Block 12A Basin Opener Drilling to Q1 2016

Block 12A basin opener Cheptuket exploration well earlier set to start drilling in October 2015 has been pushed forward to 2016 according to block operator Tullow Oil. The well which … Read More

ExxonMobil, Rosneft big winners in Mozambique Fifth Licensing Round

N-Exploration (100% Rosneft subsidiary) and ExxonMobil Exploration and Production Mozambique Offshore have been awarded 3 blocks in the fifth licence round organized by the Republic of Mozambique Institute of National Petroleum (Instituto Nacional de Petróleo). This … Read More

Fiscal revisions may unlock Sub-Sahara Africa’s 48 billion barrels of discovered oil

Wood Mackenzie asserts that the oil price crash has accelerated the need for fiscal adjustments, as Sub Sahara African governments prepare to weather significant reductions in vital tax revenue. With … Read More

Need To Cut Upstream costs,Have Reasonable Local Content Requirements in Sub-Sahara Africa – – Wood Mackenzie

As only one third of the continent’s pre-sanction projects are economical at less than US$50 per barrel ($/bbl), Wood Mackenzie says greater collaboration with the service sector, increased focus on … Read More

Development Stage A Massive Logistics Exercise – Summaya Athmani

National Oil Corporation Managing Director Sumayya Athmani is asking local companies in the logistics field to prepare for the development stage so that they should not lose out from the … Read More

East Africa Oil and Gas Expo set for Nairobi, Dar es Salaam in Q2 2016

For the fifth time in Kenya and second time in Tanzania the East Africa Oil and Gas Expo is set to occur in East Africa targeting key players in the … Read More

Democratic Republic of Congo extends Total E&P license in the Albertine Graben

Democratic Republic of Congo Block III operator Total E&P has reported that its application to the Ministry of Hydrocarbons of the Democratic Republic of Congo for an extension of the … Read More