Posted in Top News

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…

Posted in Top News

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…

Posted in Top News

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…

Posted in Top News

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…

Posted in Top News

Africa’s extractive industries have more to offer investors – KPMG

Improvements in political and macroeconomic stability, policy certainty and legal systems in many African countries, as well as Africa’s growing…

Posted in Top News

CAMAC ENERGY COMPLETES 2D SEISMIC ACQUISITIONS IN KENYA’S BLOCKS L1B, L16

CAMAC Energy has announced today the successful completion of its onshore 2D seismic acquisitions on blocks L-1B and L-16 in…

Posted in Oil Politics Top News

When booms turns to dust: Local Content Policy

By Berryl Claire Asiago The impetus at which the extractive industries grow is significant and many countries are now in…

Posted in Wind

Lake Turkana Wind Power Project Achieves Financial Close

Following the financial close of Lake Turkana Wind Power Project (LTWP) on 11 December 2014, LTWP has received the first…

Posted in Geothermal

Ormat to Expand Olkaria III Geothermal Complex in Kenya by 24 MW

Ormat Technologies has announced today its subsidiary has signed an amended and restated Power Purchase Agreement (“PPA”) with Kenya Power…

Posted in Geothermal

Toshiba concludes MoU with Ethiopian Electric Power on geothermal power generation

Toshiba Corporation has announced that the company has concluded a memorandum of understanding (MOU) with Ethiopian Electric Power on a…