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CAMEROON: New Age Receives Formal Approval to Apply for a New Etinde Exploitation Agreement

New Age Ltd (New Age), Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA). This would replace the existing EEA which came … Read More

CAMEROON: Etinde Reviewing Commercial Options Regarding Gas Offtake & Condensate Marketing

The Etinde financing plan will likely comprise various layers, including senior project finance debt, vendor financing from contractors, offtakers and likely equity. The latter will be a function of the … Read More

Adamantine Energy, Bowleven Lose Kenya’s Block 11B

Kenya’s Block 11B operator Adamantine Energy and joint venture partner Bowleven will not be receiving an extension on their license according to commissioner for petroleum Ministry of Energy and Petroleum … Read More

Adamantine Energy Kenya’s Block 11B License Expires

A PSC between Block 11B operator Adamantine Energy and the Republic of Kenya signed in June 2012 has expired with no word of any license extensions or renewal although a … Read More

Majority of Petroleum Rights Holding Companies in Kenya Incorporated in Tax Havens

A report by Oxfam dubbed The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights shows that all but five companies that hold petroleum exploration rights have at … Read More

Aminex signs Gas Sales Agreement with Tanzania Government

Aminex is set to start first production in Africa following reports that it has executed a fully-termed Gas Sales Agreement (GSA) with the Tanzania Petroleum Development Corporation (TPDC) for its … Read More

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