Swala Energy IPO in Tanzania oversubscribed

[twitter-follow screen_name=’oilnewskenya’] Swala Energy Limited has provided an update of the Initial Public Offer (IPO) of is Tanzanian subsidiary Swala Oil & Gas (Tanzania) Plc that is in the process … Read More

London’s Court of Appeal rules in favor of Tullow Oil in Uganda’s capital gains tax case

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil plc has announced that Tullow Uganda Limited, its Ugandan subsidiary, has received judgment in its favour in the proceedings against Heritage Oil and Gas Ltd and … Read More

Infrastructure, regulatory uncertainty and corruption remain hurdles in Africa’s oil & gas sector – PwC Review

[twitter-follow screen_name=’oilnewskenya’] The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by fraud, corruption, theft, poor infrastructure and a lack of skilled … Read More

How Can Ugandans Benefit from an Oil Windfall? Policy Options to Manage Petroleum Revenues

[twitter-follow screen_name=’oilnewskenya’] Courtesy of resourcegovernance.org Uganda is on the path to becoming a significant oil producer in the next decade, with production potentially reaching over 200,000 barrels per day. Under the right … Read More

Kenya awaits World Bank board approval of Kshs.4 billion for multi-agency training

[twitter-follow screen_name=’oilnewskenya’] Kenya is awaiting the approval of $50 million dispatchment as part of the Kenya Petroleum Technical Assistance Project (KEPTAP) that targets to train government agencies including the energy … Read More

Eni signs cooperation agreement with Republic of Congo

[twitter-follow screen_name=’oilnewskenya’] The Congolese Minister of hydrocarbons, André Raphael Loemba, and Eni CEO, Claudio Descalzi, in the presence of President of Congo Dennis Sassou Nguesso and the Italian Prime Minister, … Read More

Swala Energy to sink exploratory well in Nyanza Kenya in 2015

[twitter-follow screen_name=’oilnewskenya’] Swala Energy has announced it will be drilling its first exploratory well in Kenya’s block 12B in 2015. The company says the decision follows positive data from the … Read More

Somaliland oil explorations delayed as companies await Oil Protection Unit

[twitter-follow screen_name=’oilnewskenya’] Sterling energy which has operations in the Odewayne block has said it has halted its operations in the horn of African country until the country establishes an oil … Read More

Somali government Mubadala Petroleum sign partnership agreement

[twitter-follow screen_name=’oilnewskenya’] Mubadala Petroleum a subsidiary of Abu Dhabi’s Mubadala Development Company has signed a cooperation agreement with the Ministry of Petroleum and Mineral Resources of the Federal Republic of … Read More

Tullow Oil to challenge the Tax Appeals Tribunal ruling in Uganda

Tullow Oil plc has announced that its subsidiaries operating in Uganda have received a ruling from the Tax Appeals Tribunal (TAT) in Uganda relating to Capital Gains Tax (CGT). The … Read More