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Statoil confirms Eldar Sætre as CEO

[twitter-follow screen_name=’oilnewskenya’] Statoil has confirmed the appointment of Eldar Sætre  as new CEO after four months  as acting as president…

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Solo acquires Kiliwani North Development Licence in Tanzania

[twitter-follow screen_name=’oilnewskenya’] Solo has announced it has now signed the Asset Purchase Agreement with Aminex plc for the first 6.5%…

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Afren receives $300 million debt facility

[twitter-follow screen_name=’oilnewskenya’] Afren plc has provided an update regarding the review of its capital structure, liquidity and funding requirements as…

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EMAS AMC secures contracts worth over $65 million

[twitter-follow screen_name=’oilnewskenya’] Leading contractor and provider of integrated offshore solutions to the oil and gas industry Ezra Holdings has announced…

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Kenya’s Block L6 farmout pushed further to late 2015

[twitter-follow screen_name=’oilnewskenya’] Block L6 operator Australian explorer Far Ltd has said it does not expect a farmout deal on the…

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BG Group and KBR signs global alliance

[twitter-follow screen_name=’oilnewskenya’] BG Group has signed a global alliance with KBR that will enhance the company’s capacity to deliver commercially…

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Experts call for clear tax policies on farm down transactions in Kenya

[twitter-follow screen_name=’oilnewskenya’] Tax experts Deloitte East Africa have expressed fear that the unclear tax policy position on farm down transactions…

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Caterpillar expects tough 2015, restructuring anticipated

[twitter-follow screen_name=’oilnewskenya’] World’s leading manufacturer of construction and mining equipment Caterpillar has said it expects a tough 2015 as a…

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Mozambique’s extractive sector revenue triple boosted by capital gains tax

[twitter-follow screen_name=’oilnewskenya’] Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of…

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Afren reviews its capital structure to solve liquidity and funding requirements

[twitter-follow screen_name=’oilnewskenya’] In light of the significant dislocation in the industry and related financing markets resulting from the rapid decline…