Tullow Oil to drill another 35 wells in 24 months in East Africa

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil is set to drill 35 wells by Q3 2016 in East Africa according to the recent overview presentation earlier this month. This is even as the … Read More

Soco set to begin seismic testing in controversial Congo’s Virunga Park

Soco International will start seismic tests in the Democratic Republic of Congo’s Lake Edward amid widespread protests by environmentalists who are against exploration at the Virunga park home to the … Read More

Uganda needs $8-12 billion for oil production – Tullow Oil

[twitter-follow screen_name=’oilnewskenya’] Uganda will require fiscal terms that offer the right incentives to invest capital and take up front risks if it is to realize the vast amounts of capital … Read More

Tullow Oil May Sell Part of Stake in Ugandan Oil Field

[twitter-follow screen_name=’oilnewskenya’] Story Wall Street Journal Africa-focused oil and gas explorer Tullow Oil PLC is considering selling part of its stake in a Ugandan oil field it is developing with … Read More

Uganda Announces Deal With Foreign Oil Companies

[twitter-follow screen_name=’oilnewskenya’] Story by CommodityHQ The government of Uganda is ready to develop its oil sector, but says it prefers to ramp up production slowly. n recent years, investors have … Read More

Swala Energy reports optimism in its Tanzania exploration

[twitter-follow screen_name=’oilnewskenya’] Australian owned Swala Energy Limited has announced that RISC Operations Pty Ltd an independent petroleum advisory firm, have completed their review of the resource potential of the Kito … Read More