Madagascar Oil Declares Block 3104 Tsimiroro commercially viable.

Madagascar Oil has announced it has determined that the Block 3104 Tsimiroro discovery is a ‘Commercial Discovery’, under the terms of the Production Sharing Contract between OMNIS and Madagascar Oil S.A. (‘PSC’). Declaration o

Tanzania Oil and Gas Markets Outlook.

Tanzania Oil and Gas Markets Outlook to 2025 provides comprehensive analysis and forecasts of the Tanzania oil and gas market between 2000 and 2025. Covering the entire value chain of the industry, the report analyzes each of the oil and gas segments in T

Statoil announces successful test in Block 2 offshore Tanzania.

Statoil and co-venturer ExxonMobil have announced the results from their first drill stem test in the Tanzania Block 2 offshore discoveries. The data acquired is important to reduce technical uncertainties in a possible future Tanzania offshore and L

Tullow Oil denies oil discovery reports in Ethiopia.

British explorer that is carrying works in the South Omo zone has denied reports by US based website Energy and Capital that it had discovered oil in the zone. Tullow Oil said that although drilling had commenced no oil had been struck yet terming the sto

East Africa lacks extractive industry taxation capacity.

Article courtesy of OxfamAmerica Dr. Prosper Ngowi Dr. Prosper Ngowi, an economics professor from Tanzania, said that Tanzania has lost a lot of revenue from the gold sector because of its inability to monitor and collect taxes. “Are we going to miss it

Africa Oil Provides Operations Update.

[twitter-follow screen_name=’oilnewskenya’] “Africa Oil” or the “Company”) is pleased to provide the following update on its activities in Kenya and Ethiopia. Africa Oil’s work program for 2014 will include at lea

Tough luck for Ophir oil exploration in Tanzania.

Ophir Energy plc has announced that drilling operations have now concluded on the Mlinzi Mbali-1 well in Block 7*, Tanzania. Ophir has an 80% net interest. The well was located c.210km east of Dar es Salaam and was drilled by the Deepsea Metro I drillship

East African oil wells among explorations to watch out for in 2014.

The fact that a 40% drilling success rate marks out 2013 as one of BP’s best years for exploration in decades reflects the kind of glass-half-full attitude hardy oil investors must persist with. Disappointing results are too many to count, but, there f

Challenges Kenya, Uganda face in oil production.

The East African region is now focus of the world as it joins the league of oil producing countries with over 1.6 billion barrels discovered in Uganda and Kenya with other countries in the region also showing high potential including Ethiopia and Tanzania