Nine Companies and Countries Commit to End the Practice of Routine Gas Flaring

Nine oil companies and nations including Royal Dutch Shell, Statoil, Norway and Gabon have committed, for the first time, to end the practice of routine gas flaring at oil production … Read More

Horn Petroleum rebrands to Africa Energy, hires additional management

Horn Petroleum Corporation has announced that it has invoked a new corporate strategy to take advantage of the current downturn in oil prices and intends to aggressively pursue onshore and shallow-water … Read More

Shell, CNOOC Sign Global Strategic Alliance Agreement

Shell and China National Offshore Oil Corporation (CNOOC) have announced the signing of a Global Strategic Alliance Agreement that reconfirms both parties’ commitment to the existing strategic partnership in China … Read More

Ophir Energy Plc announces its preliminary Full Year Results for 2013

Full Year Results Highlights: •Announced the divestment of a 20% interest in Blocks 1, 3 and 4 Tanzania to Pavilion Energy for US$1.288 billion. This transaction is now unconditional with … Read More

East Africa next investment attraction exploration and production companies

[twitter-follow screen_name=’oilnewskenya’] 3 East African countries Kenya, Mozambique and Tanzania are set to be the next attraction for the exploration and production companies following recent mineral finds and infrastructure projects. … Read More