OilNews

Aminex receives deferral of a two well drilling commitment on the Nyuni Area PSA in Tanzania

Aminex  has notified shareholders that the Tanzanian authorities have agreed to the deferral of a two well drilling commitment on the Nyuni Area PSA, which was due to be completed by the end of October 2015, into the four-year First Extension which expires October 2019. The deferral is conditional on an Environmental Impact Assessment, which …

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MAXIMUM RETAIL PUMP PRICES OF PETROLEUM 15th March to14th April 2015

Taking into account the weighted average cost of imported refined petroleum products, the overall result is that the maximum allowed price of Diesel increases by KES 0.68 per litre, that of Kerosene increases by KES 3.35 per litre, while that of Super Petrol increases by KES 4.75 per litre compared to the last publication.  The …

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Africa Future Energy Forum set for May in Nairobi

Global Energy Initiative and MCI-Middle East will be co-hosting the Africa Future Energy Forum on 27 – 28 May 2015 in Nairobi, Kenya under the themed Unlocking Africa’s Energy Potential. The two-day forum will bring together major stakeholders to discuss the policy, technology, and financing aspects of unlocking Africa’s energy potential. Among issues that will be discussed include: …

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Wentworth’s Tanzania Mnazi Bay Reserves valued at $153 million

Wentworth Resources has announced the results of an independent evaluation of its gas reserves within the Mnazi Bay Concession in Tanzania, carried out by RPS Energy Canada Ltd have put the value at $152.9 million after tax. This is the first independent reserves attributed to the Company’s Mnazi Bay gas fields with Wentworth holding a …

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Tullow, Africa Oil see positive appraisal activity in North Western Kenya

Block 10BB Tullow Oil operator and joint venture partner Africa Oil have reported that the Ngamia 7 well located approximately 1.2 kilometres east of Ngamia-3 and was drilled to test the eastern flank of the Ngamia field encountered up to 132 metres of net oil pay and expanded the proven extent of the field. Static …

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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 upstream oil opportunities in Africa. In line with this refocused effort, the Company also says it intends to change its name to Africa Energy Corp. …

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Call for Comments on Draft Uganda Standards for Oil and Gas Upstream Equipment and Materials

Uganda National Bureau of Standards (UNBS) in collaboration with the Ministry of Energy and Mineral Development (MEMD), through the Technical Committee (UNBS/ TC 16/ SC2/WG1) is developing Standards for the oil and gas upstream equipment and materials. The committee has completed discussions and adopted the following draft standards. 1.    DUS ISO 13085:2014 Petroleum and natural …

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EAC Secretary General Meets Tullow Oil and BG Executives in Kigali

The Secretary General of the East African Community Amb. Dr. Richard Sezibera last week met the Vice President of the TULLOW-East and Southern Africa , Mr Gary Thompson on the sidelines of the 7th  East African Petroleum Conference & Exhibition (EAPCE) that took place at Serena Hotel, Kigali, Rwanda. The Tullow Vice President was accompanied …

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Swala Energy seeks to list on the AIM Market of the London Stock Exchange

East Africa focused Australian explorer Swala Energy has announced that it is in the preliminary stages of planning a listing on the AIM Market of the London Stock Exchange as the company seeks to improve its liquidity, open it to investment from the London capital markets that have experienced African oil and gas success, and …

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7th East African Petroleum Conference and Exhibition kicks off in Rwanda

The Prime Minister of the Republic of Rwanda, Rt. Hon. Anastase Murekezi officiated the 7th East African Petroleum Conference and Exhibition (EAPCE’15) that opened its doors on 4th March 2015 at Serena Kigali Hotel in Rwanda. Addressing the over 500 delegates attending the Conference, Rt. Hon. Prime Minister said the East African Community was committed to …

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