Swala Energy requests share trading halt ahead of Kenya’s farmout announcement

Swala Energy Limited  has requested that a trading halt be implemented in respect of all Swala securities quoted on the Australian bourse (ASX)  pending an announcement from the Company in relation … Read More

Benefit sharing key in development of LAPSSET and Oil resources

By Charles Wanguhu A key challenge in development is the implementation of an inclusive agenda. Development experts have come to refer to this as “growth coupled with equal opportunities”. The … Read More

Statoil, ExxonMobil makes another high-impact gas discovery offshore Tanzania

[twitter-follow screen_name=’oilnewskenya’] The discovery in the Piri prospect is Statoil and co-venturer ExxonMobil’s sixth discovery and the fifth high-impact discovery in Block 2 offshore Tanzania. The discovery of an additional … Read More

Change in Kenya tax laws good for extractive sector

Kenya’s move to replace withholding tax with income tax on assignment of rights targeting the extractive industry has received praise from tax experts who say this move will encourage farm-outs … Read More

Rosneft and Mozambique’s ENH sign Memorandum of Understanding

Igor Sechin, President and Chairman of the Management Board, Rosneft, Nelson Ocuane, President, Empresa Nacional Hidrocarbonetos De Moçambique (Mozambique National Oil Company, ENH) and Paulino Gregório, Director, ENH signed a … Read More

Shell, CNOOC Sign Global Strategic Alliance Agreement

Shell and China National Offshore Oil Corporation (CNOOC) have announced the signing of a Global Strategic Alliance Agreement that reconfirms both parties’ commitment to the existing strategic partnership in China … Read More