Swala completes farm out with CEPSA in Kenya’s Block 12B
Swala has completed a farm out agreement for a 25% working interest in Block 12B in Kenya with Spanish integrated oil and gas company, CEPSA. With all Kenyan government approvals … Read More
Category: Top News
Wentworth Resources commences drilling at Mozambique’s Tembo-1 well
[twitter-follow screen_name=’oilnewskenya’] Wentworth Resources has announced that drilling operations have commenced on the Tembo-1 well in the Rovuma Onshore Concession in northern Mozambique. Wentworth has an 11.59 percent net interest in this … Read More
Kenya’s parliament backs Vanoil Energy license cancellation
[twitter-follow screen_name=’oilnewskenya’] The energy and transportation committee has backed the decision to terminate the oil exploration license of Vanoil Energy in January this year. In a report tabled in parliament … Read More
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
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
Far to reduce its stake to under 25% in Kenya’s block L6
Australian explorer which has a 60 percent equity position and operates block L6 and a 30% equity position in the L9 block in Lamu may be looking into reducing their … Read More
Kenya confirms first oil deposits offshore
Pancontinental Oil and Gas has announced that after lengthy analysis, it has been verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column … Read More