Afren recovers over $17 million from former CEO, COO
Afren plc has announced that it has successfully secured, from its former CEO, Osman Shahenshah, and former COO, Shahid Ullah, a cash payment of US$17.1mn in relation to payments made … Read More
Category: Top News
Uganda begins evaluations of bids for Hoima-Kampala pipeline
The Ugandan government has announced that it has started evaluating bids from a number of international firms for the construction of the export pipeline from Hoima (refinery site) to Kampala … Read More
Seadrill to purchase ultra-deepwater drillship West Polaris
[twitter-follow screen_name=’oilnewskenya’] Seadrill Limited has announced it has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International Limited. The West Polaris was acquired … Read More
Otto Marine announces sale and leaseback of one AHTS at US$100million
[twitter-follow screen_name=’oilnewskenya’] Otto Marine Limited a leading offshore chartering group, which owns and operates more than 60 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion … Read More
Swala Energy Receives Funding for Exploration in its East African Acreage
[twitter-follow screen_name=’oilnewskenya’] Swala Energy Limited has announced that Swala has received US $750,000 under the terms of the Convertible Note Facility pursuant to the Company’s ASX Announcement in mid December. … Read More
Tembo 1 well plugged and abandoned after minimal success
[twitter-follow screen_name=’oilnewskenya’] After a number of delays Wentworth Resources has announced that drilling operations of the Tembo-1 well have now completed and with the well having reached to a total … Read More
BG Group agrees sale and charter of LNG vessels
[twitter-follow screen_name=’oilnewskenya’] BG Group has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for proceeds of $460 million. BG … Read More
Total begins drilling of its deepest offshore project yet
[twitter-follow screen_name=’oilnewskenya’] Total has today reached another milestone for the Egina project in Nigeria, as an intensive drilling program got under way. The company has mobilized two rigs which will … Read More
Tullow Oil Hands Over Kshs.18 million Water Project in Turkana, Kenya
[twitter-follow screen_name=’oilnewskenya’] Tullow Kenya has today handed over an Kshs.18 million water project to the residents of Kataboi in Turkana North consisting of a borehole, solar powered submersible pump and … Read More
Simba Energy expects to sign Block 2A 2D seismic contract in Q1 2015
[twitter-follow screen_name=’oilnewskenya’] Simba Energy has said it expects to sign a contract and commence the initial 2D seismic program in the first quarter of 2015 with its technical team having … Read More