Afren defaults on US$15m of interest due on 1 February 2015 under its 2016 Notes
Afren has announced that its board has decided, at the expiration of the 30 day grace period, not to pay US$15m of interest which was due on 1 February 2015 … Read More
Category: Top News
Wentworth Resources gets $5.6m credit facility to finance ongoing Mnazi Bay Concession development
Wentworth Resources has announced that the Company has subsequently drawn an amount of $5.6 million on an existing $20 million credit facility with a Tanzania-based bank, TIB Development Bank Limited. … Read More
WHL Energy revises Junon Prospective Resources Estimate in Seychelles
Australian energy company WHL Energy has provided an update to the Prospective Resources in our Seychelles acreage following interpretation of a preliminary PreSTM volume of the Junon 3D seismic survey. … Read More
Adamantine Energy seeks 15 month extension in Kenya’s Block 11B
Adamantine, operator of block 11B, has advised that they have applied to the Kenyan authorities for a 15 month extension to allow for the acquisition, processing and evaluation of 2D … Read More
Anadarko to drill play-opening deepwater well in Kenya
Anadarko says it expects to drill its play-opening exploration deepwater well in Kenya in 2015 as part of nine to 12 deepwater exploration/appraisal wells planned for 2015 in various licenses … Read More
Madagascar Oil S.A provides Operational & Development Planning Update
Madagascar Oil S.A (MOSA) has announced that it continues to have an active and very positive dialogue with OMNIS, the Ministry to the Presidency of Mines and Petroleum and also … Read More
The first 100 students in the Total Young Graduate Programme almost completing training
Total founded the Young Graduate Programme in April 2014 – an innovative initiative aimed at young graduates from more than 40 of the countries in Africa and Middle East in … Read More
Afren recieves one month deferral of $50m from Ebok debt facility
Afren has announced an update regarding the review of its capital structure, liquidity and funding requirements saying it has obtained from the lenders of the US$300m Ebok debt facility a … Read More
Exploration slows down in Kenya as rig count falls
The number of drilling rigs in Kenya is expected to significantly fall in Kenya in 2015 as oil companies cut down on exploration as well as the main players’ ramp … Read More
Aberdeen University to help develop oil and gas education in Tanzania
Aberdeen University has been awarded a £1.4million grant to help develop oil and gas education in East Africa. The grant will be split with Dar es Salaam University in Tanzania … Read More
