Uganda to auction six more oil blocks
Uganda’s cabinet has approved the auction of six new exploration blocks in the oil rich Albertine basin in what will see the country’s first competitive bidding round. The new shift … Read More
Category: Top News
National Oil Corporation to raise funds to back-in in Blocks 10BB and 13T
Nearly eight months after OilNews Kenya published that the National Oil Corporation of Kenya (NOCK) was internally discussing exercising its right to back-in in Blocks 10BB and Block 13T the … Read More
Africa’s extractive industries have more to offer investors – KPMG
Improvements in political and macroeconomic stability, policy certainty and legal systems in many African countries, as well as Africa’s growing middle class and rise in consumption, continue to raise the … Read More
CAMAC ENERGY COMPLETES 2D SEISMIC ACQUISITIONS IN KENYA’S BLOCKS L1B, L16
CAMAC Energy has announced today the successful completion of its onshore 2D seismic acquisitions on blocks L-1B and L-16 in the Republic of Kenya. The 2D seismic program whose contract … Read More
When booms turns to dust: Local Content Policy
By Berryl Claire Asiago The impetus at which the extractive industries grow is significant and many countries are now in the process of developing their oil and gas industries, over … Read More
Dolphin Geo wins 3D seismic contract offshore Africa
Dolphin has announced it been awarded a 3D seismic contract including fast track data processing by an undisclosed major oil company for a 3-4 months project offshore Africa. Following the … Read More
Taipan Resources sues Afren for $10 million in damages in Kenya’s Block 1
Taipan Resources has announced that the Company’s Kenya based subsidiary Lion Petroleum Corp has commenced an arbitration action against East African Exploration (Kenya) Limited (EAX), a wholly owned subsidiary of … Read More
East African countries could lose out on low oil prices – Deloitte
East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, a new research paper released by Deloitte East Africa has indicated. “East … Read More
Lamu Oil and Gas gets additional Period in Kenya’s Block L14
Lamu Oil and Gas, the Edgo Energy and QFB joint venture it has entered into the First Additional Exploration program on block L14 in Kenya after meeting the contractual requirements … Read More
Helge Lund takes over at BG Group
BG Group has announced that former Statoil CEO Helge Lund has taken over the helm at the Company as Chief Executive and an Executive Director ahead of the previously announced … Read More
