ERHC prepares for 1st drilling in Kenya’s Block 11A
Houston based explorer ERHC has said it is working on securing the requisite drilling rig for its first well in Block 11A even as it continues with studies to determine … Read More
Author: kamau
Oil & Gas explorers need to rethink their capex on exploration activity in Africa – PWC
Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to … Read More
Russia’s RT Global Resources Wins Bid for Uganda’s Refinery Project
RT Global resources has been selected as the preferred bidder for the Uganda Refinery Project following evaluations by a team from the Government and Taylor Dejongh, Government’s Transaction Advisor. “We … Read More
Sterling Energy receives license extension for Madagascar’s Ambilobe, Ampasindava Blocks
The AIM listed oil & gas exploration company Sterling Energy Plc has announced it has received a Ministerial and Presidential approval was granted in October 2014 to extend the current … Read More
Talks between Afren and SEPLAT Petroleum Development Company fail
On 22 December 2014, Afren plc announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc (Seplat) regarding a possible combination with Afren. Seplat was … Read More
MAXIMUM RETAIL PUMP PRICES 15TH FEBRUARY 2015 TO 14 MARCH 2015
Highlights Average landing cost of imported Super Petrol by 17.79% from $695.38 (Dec 2014) to $571.70 per ton in Jan 2015 Average landing cost of imported Diesel decreased by 15.17% … 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
Uganda to auction six more oil blocks
Uganda’s cabinet has approved the auction of six new exploration blocks in the oil rich Albertine basin in what will see the country’s first competitive bidding round. The new shift … Read More
National Oil Corporation to raise funds to back-in in Blocks 10BB and 13T
Nearly eight months after OilNews Kenya published that the National Oil Corporation of Kenya (NOCK) was internally discussing exercising its right to back-in in Blocks 10BB and Block 13T the … Read More
