OilNews

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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Afren defaults on US$15m of interest due on 1 February 2015 under its 2016 Notes

Afren has announced that its board has decided, at the expiration of the 30 day grace period, not to pay US$15m of interest which was due on 1 February 2015 under its 2016 Notes in view of the Company’s current liquidity position and in order to preserve cash while the review of the Company’s capital …

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Wentworth Resources gets $5.6m credit facility to finance ongoing Mnazi Bay Concession development

Wentworth Resources has announced that the Company has subsequently drawn an amount of $5.6 million on an existing $20 million credit facility with a Tanzania-based bank, TIB Development Bank Limited. The credit facility relates to the Mnazi Bay Concession development and operating costs that were incurred and paid for by the Company prior to executing …

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WHL Energy revises Junon Prospective Resources Estimate in Seychelles

Australian energy company WHL Energy has provided an update to the Prospective Resources in our Seychelles acreage following interpretation of a preliminary PreSTM volume of the Junon 3D seismic survey. According to a detailed interpretation of the Junon PreSTM 3D data by WHL Energy the company  has firmed up key prospects in the Junon area …

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Adamantine Energy seeks 15 month extension in Kenya’s Block 11B

Adamantine, operator of block 11B, has advised that they have applied to the Kenyan authorities for a 15 month extension to allow for the acquisition, processing and evaluation of 2D seismic. This follows delayed commencement of seismic operations due to logistical issues as well as security concerns. Given the above concerns Adamantine says that the …

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