BG Group withdrawals from Tanzania’s Block 3
BG Group has announced that it has informed the Tanzanian government of its intended withdrawal from its 60% equity interest in Block 3 with the company already having written off … Read More
Category: Top News
FAR farmout deal in Kenya’s Block L6 unlikely in 2014
Australian explorer FAR Ltd has said that its expected farmout in Block L6 where the company has a 60% interest is unlikely to happen in 2014. In the latest report … Read More
Mozambique opens 15 new blocks in Fifth License Round
The Institute of National Petroleum (INP) on behalf of the Government of the Republic of Mozambique has opened the competitive bidding round to explore for hydrocarbons in the offshore Rovuma, … Read More
Africa Oilfield Logistics completes acquisition of Ardan Logistics
AIM listed African focussed support services and logistics company Africa Oilfield Logistics Ltd has announced the acquisition of the entire issued share capital of Ardan Logistics Kenya Limited following shareholder … Read More
Sala-2 well in Kenya’s Block 9 disappoints
Sala-2 appraisal well in Block 9 has failed to find any significant hydrocarbons updip from Sala-1 gas discovery according to the latest update from Africa Oil the operator and one … Read More
Mixed luck for Tullow Oil, Africa Oil in Northern Kenya
Tullow Oil has reported more oil finds as well as a number of disappointments in its latest Kenya exploration and appraisal update that included the first wildcat exploration well in … Read More
Taipan Resources Adjusts Estimated Prospective Resources on Kenya’s Block 1
Taipan Resources has announced that an independent assessment of the Company’s prospective resources on Block 1, northern Kenya has been completed by RPS Energy in the United Kingdom raising the total gross … Read More
Exclusive: Mtwara to Dar Es Salaam Gas Pipeline Project update
The construction of the Mtwara to Dar Es Salaam Gas Pipeline Project is almost complete with 504 km welded pipes of 505 km complete with 499 km trenched at Dar … Read More
FAR raises $46.7 million to fund exploration ventures in Africa and Australia
FAR Ltd has completed a placement to institutional and sophisticated investors to raise $46.7 million before expenses by issuing 424,961,685 shares. The capital raising follows the significant oil discovery in … Read More
Swala Energy to raise $4.4M to fund activities in Kenya and Tanzania
Swala Energy Limited has announced a Share Purchase Plan to raise up to A$5.0 million (US $4.4 million) to fund additional near-term work on the Company’s Tanzanian and Kenyan licences, … Read More