Africa's Oil, Gas and Energy News.
Tullow Oil has slashed its exploration and appraisal budget by 50 percent compared to 2015 to just $100 million as the company allocated $150 million to pre-development expenditure. The reduction … Read More
Oyster Oil and Gas Ltd has commenced an airborne survey in the Republic of Djibouti which is being conducted by Bridgeporth Holdings Ltd, a UK based specialist geophysical contractor. The … Read More
Rhino Resources has announced it has expanded its African footprint with the recent acquisition of two offshore blocks in East Africa in the Comoros territorial waters. The two offshore blocks … Read More
Area 1 and Area 4 block operators Anadarko and Eni have announced that, following the signing of the Unitization and Unit Operating Agreement (UUOA) and in full agreement with all the … Read More
Almost six months after Marathon Oil announced it had sought bids for of its onshore blocks in East Africa the American explorer has exited the region as the company focuses … Read More
Government of the Republic of Uganda, the Government of the United Republic of Tanzania, the Tanzanian Petroleum Development Corporation and Total E&P Uganda have a today signed a Memorandum of … Read More
India’s Bharat Petroleum Corporation (BPCL) is rumoured to be in talks with Tullow oil to acquire 10 percent stake in Blocks 10BB and 13T where the London explorer has discovered … Read More
Spectrum ASA has announced it has entered into a Multi-client master co-operation agreement with the federal government of Somalia to acquire approximately 28,000 km of long offset 2D seismic data … Read More
Australian explorer focusing on the East African Rift System Swala Energy has announced that the Tanzanian Ministry of Energy and Mining (MEM) has agreed to extend the period within which … Read More
Erin Energy formerly CAMAC Energy has said it has met with the Kenyan government and submitted the required applications to enter the First Additional Exploration Period (FAEP) of both onshore blocks L1B … Read More
