OilNews

Total E&P slashes jobs in Uganda

French exploration company Total is reported to have laid off 30 staff in its Ugandan operations as the company cuts cost amidst the tough economic situation facing many players in the sector. According to Uganda’s monitor newspaper those affected mainly include field workers who have been working in the company’s acreage in the Albertine Region …

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4th International Oil and Gas Exhibition opens in Nairobi

The 4th international oil and gas exhibitions has opened its doors at the Kenyatta International Conference Center bring together various players especially in the manufacturing of equipment and supply of services to the sector. The exhibition which was opened by Nairobi County assembly speaker Alex Ole Magelo kicked off to a low note as many would be …

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CAMAC Energy rebrands to Erin Energy Corporation

Sub-Sahara focused oil and gas exploration company CAMAC Energy has announced that it  has changed its name to Erin Energy Corporation and will trade under the new ticker symbol “ERN” on both the NYSE MKT and the Johannesburg Stock Exchange . The company whose asset portfolio consists of nine licenses across four countries covering an area of 43,000 square …

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CEPSA, ERHC identify drilling location in Kenya’s Block 11A

Spanish exploration company CEPSA and Houston based explorer ERHC have said that its exploration team has identified the Tarach-1 prospect as the drilling location for the first exploration well set to be drilled in March 2016 in an announcement by ERHC. This decision was based on interpretation of 1,086.6 kilometers of 2D seismic data acquired …

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Tullow Oil sees 8,000 scholarships applications in Kenya

The just concluded Tullow Oil Group Scholarship Scheme applications that concluded on March 31st saw 8,000 applications from Kenya according to British Council who oversee the exercise. This is about 1000 applications more than the process saw in the last exercise with just 30 applicants to join various UK universities. The new round of scholarships …

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British Council holds first education UK oil and gas exhibition in Nairobi

The United Kingdom’s international organisation for cultural relations the British Council has today organized an exhibition bringing together over a dozen local and international education institutions, government officials as well as other stakeholders in the oil and gas industry. According the organizations country director Tony Reilly the exhibitions that started with a forum bringing together …

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Solo Oil raises £2 million through share placement to fund UK, Tanzania Investments

Solo Oil has raised £2,000,000 gross proceeds through the issue of 363,636,364 new ordinary shares funds of which will be deployed as working capital in the Company’s active investments in both Tanzania and the UK. According to Solo Oil chairman Neil Ritson the funds will be used to develop discoveries at both the Ntorya and …

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Exxon Mobil and Qatar Petroleum eye Anadarko’s Mozambique Assets

Rumors are rife that Exxon Mobil and Qatar Petroleum are eyeing Anadarko’s Mozambique  assets in what is set to become another big acquisition after the major acquisition following that by Shell last  week buying BG Group for $70 billion. Anadarko’s 25% stake on Mozambique’s offshore Area 1 license in the gas rich Rovuma basin hold …

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Nine Companies and Countries Commit to End the Practice of Routine Gas Flaring

Nine oil companies and nations including Royal Dutch Shell, Statoil, Norway and Gabon have committed, for the first time, to end the practice of routine gas flaring at oil production sites by 2030. According to Statoil CEO ELdar Sætre meeting the target of zero routine flaring by 2030 is a highly important contribution our industry …

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Africa Oil appoints Tim Thomas as new Chief Operating Officer

Nick Walker who is currently Chief Operating Officer will be leaving the Company to join another Lundin Group Company, Lundin Petroleum AB. Nick’s role in Lundin Petroleum will be the subject of a separate announcement by Lundin Petroleum. Tim Thomas who joined the Company earlier this year as VP Development, is, with immediate effect, appointed …

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