7th East African Petroleum Conference and Exhibition kicks off in Rwanda

The Prime Minister of the Republic of Rwanda, Rt. Hon. Anastase Murekezi officiated the 7th East African Petroleum Conference and Exhibition (EAPCE’15) that opened its doors on 4th March 2015 … Read More

Oil & Gas explorers need to rethink their capex on exploration activity in Africa – PWC

Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to … Read More

Mozambique’s extractive sector revenue triple boosted by capital gains tax

[twitter-follow screen_name=’oilnewskenya’] Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of capital gains tax in the country according to a new … Read More

Drilling of Kifaru-1 well in Mozambique begins

[twitter-follow screen_name=’oilnewskenya’] Wentworth Resources has announced the beginning of drilling operations on the Kifaru-1 exploration well by the Helmerich & Payne rig #243 in the Rovuma Onshore Concession in northern … Read More

ION Geophysical to acquire 2D seismic in offshore Puntland

[twitter-follow screen_name=’oilnewskenya’] ION Geophysical has announced that it has signed the first of a kind offshore multi-client 2D seismic survey  agreement with the Puntland Petroleum and Minerals Agency. According to … Read More

Mozambique could join Australia, Qatar in league of world’s largest Gas producers

Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a … 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

Atlas Development & Support Services lists on the Nairobi Securities Exchange

[twitter-follow screen_name=’oilnewskenya’] Nairobi-headquartered support services and logistics company Atlas Development & Support Services (ADSS or Atlas cross listed on the Growth Enterprise Market Segment (‘GEMS’) of the Nairobi Securities Exchange, … Read More