Spectrum ASA completes the acquisition of 2D seismic data offshore Somalia

Spectrum ASA has successfully completed the acquisition of 2D seismic data offshore south Somalia that commenced  5 th September, 2015 when Spectrum ASA and the Federal Government of Somalia entered … Read More

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

ION Geophysical lands multiple Seismic Deals in Tanzania and Puntland

ION Geophysical has announced that it has been awarded contracts to acquire 4,058 km of 2D seismic, gravity and magnetic data over offshore Blocks 4/1B and 4/1C in the Rovuma Delta region in … Read More

Africa Energy withdraws from Puntland, Somalia blocks

Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions … Read More

Africa Oil Closes US$100 Million Financing To East Africa Program

Africa Oil has announced that it has closed the US$100,000,000 non-brokered private placement previously announced pursuant to an Investment Agreement dated May 1, 2015 have been released to Stampede Natural … 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

Uncertainty over legitimacy of PSC’s in Somalia keeps explorers at bay

Over the past few months a number of explorers searching for oil and gas in Puntland and Somaliland have closed shop as border wrangles between the autonomous states Somalia continue. … Read More

Horn Petroleum halts exploration in Puntland, Somalia

Horn Petroleum Corporation a subsidiary of Africa Oil has said it will significantly reduce its activities in its Dharoor and Nugaal PSC areas pending a resolution of the political situation between … Read More

Africa Oil in $100m Equity Raise to fund exploration, appraisal plans in South Lokichar onshore Kenya

Africa Oil has announced plans to raise US$100m in new equity through a private placement to fund the ongoing appraisal and pre-development activities in the core South Lokichar Basin onshore … Read More