Exploration slows down in Kenya as rig count falls

The number of drilling rigs in Kenya is expected to significantly fall in Kenya in 2015 as oil companies cut down on exploration as well as the main players’ ramp up their exploration and appraisal program. According to Africa Oil a joint partner with T

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Kenya Algeria sign MoU on Oil and Gas

Kenya has signed a Memorandum of Understanding with Algeria to promote bilateral cooperation in the field of oil, gas and power. In a signing overseen by of President Uhuru Kenyatta and Prime Minister Abdelmalek Sellal at the Presidential Palace in Algier

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Africa Oil closes $125m private placement

Canadian listed company Africa Oil  has announced that it has closed the US$125,000,000 brokered private placement, previously announced on earlier this month having issued an aggregate of 57,020,270 common shares. Net proceeds of the private placement w

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