Exit from Somalia, Ethiopia Blocks cost Africa Oil over $100 million in 2014/15

Africa Oil which earlier said it has elected to not continue exploration activities in the Dharoor and Nugaal exploration blocks in Puntand, Somalia and Adigala Block in Ethiopia reveals this … Read More

Africa Oil Receives Kenyan Government Approval of Maersk Oil Farm In

Africa Oil Corp. has reported that the previously announced farm-out with Maersk Oli and Gas has received approval from the Government of Kenya. This gives a green light for completion of the … Read More

Oyster Oil Commences 3350 line kilometers of Airborne Survey in Djibouti

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

Tullow Oil To Keep-off 3 World Heritage Sites in its Northern Kenya Acreage

Tullow Oil has said it will not drill in three world heritage sites in Northern Kenya that form potential areas of operation as part of the Group’s ongoing commitment to … Read More

Toshiba Concludes MoU with TGDC for Geothermal Power Generation Business in Tanzania

Toshiba Corporation has announced that the company has concluded a memorandum of understanding (MOU) with Tanzania Geothermal Development Company Limited (TGDC) for comprehensive collaboration in the geothermal power generation business. … Read More

Atlas Development Shuts Loss Making Kenyan Subsidiary

Atlas Development & Support Services Limited has announced the decision to place its loss making Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation following the downturn in … Read More

Africa Oil Completes farm-out of Kenya, Ethiopia Licenses with Maersk Oil

Africa Oil Corp. has announced that it has entered into a definitive farmout agreement with a Danish oil and gas company Maersk Oil & Gas A/S, owned by the Maersk Group (“Maersk”) whereby Maersk … Read More