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Oil & Gas explorers need to rethink their capex on exploration activity in Africa – PWC

Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to … Read More

Russia’s RT Global Resources Wins Bid for Uganda’s Refinery Project

RT Global resources has been selected as the preferred bidder for the Uganda Refinery Project  following evaluations by a team from the Government and Taylor Dejongh, Government’s Transaction Advisor. “We … Read More

Sterling Energy receives license extension for Madagascar’s Ambilobe, Ampasindava Blocks

The AIM listed oil & gas exploration company Sterling Energy Plc has announced it has received a Ministerial and Presidential approval was granted in October 2014 to extend the current … Read More

Talks between Afren and SEPLAT Petroleum Development Company fail

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

MAXIMUM RETAIL PUMP PRICES 15TH FEBRUARY 2015 TO 14 MARCH 2015

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 halts exploration in Puntland, Somalia

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 in $100m Equity Raise to fund exploration, appraisal plans in South Lokichar onshore Kenya

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 to auction six more oil blocks

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

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