Afren corruption investigation report expected in mid-October

Afren an independent oil & gas company listed on the Main Market of the London Stock Exchange, with a diversified portfolio of production, development and exploration assets in 10 African … Read More

Eni’s CEO, COO under investigations on corruption allegations in Nigeria

Italian oil and gas giant Eni has said it is cooperating with the Milan prosecutor’s office in relation to the preliminary investigation launched on the acquisition of the Nigerian block … Read More

CAMAC Energy Closes $100 Million Credit Facility from Zenith bank

CAMAC Energy has announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing … Read More

Infrastructure spending to more than double to $9 trillion annually by 2025

Extraction spending in sub-Saharan Africa is projected to increase at 8% annually over the next decade. The bulk of spending is likely to take place in South Africa and Tanzania – PwC

Energy top on the agenda as US-Africa summit kicks off in Washington

This week over 50 African heads of state will discuss ways of improving trade between their countries and the United states as well as how to tap into the United … Read More

African oil & energy sector fuelling global investor growth – DHL

[twitter-follow screen_name=’oilnewskenya’] While Oil and Gas activity in West Africa is nothing new, it is the activity in East Africa which is creating a stir amongst exploration companies and of … Read More

Infrastructure, regulatory uncertainty and corruption remain hurdles in Africa’s oil & gas sector – PwC Review

[twitter-follow screen_name=’oilnewskenya’] The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by fraud, corruption, theft, poor infrastructure and a lack of skilled … Read More

Jacka Resources executives to leave company in Q4 2014

Jacka resources, a company with core focus is in North Africa, West African Transform Margin and East Africa rift basins has announced that the managing director and the chief financial … Read More

Did Kenya award Angote 7 Oil Blocks?

Kenya has given Nigerian Mogul Aliko Angote seven oil blocks in the country according to reports from Nigeria’s PM News citing Kiprono Kittony, the Chairman of the Nigeria-Kenya Chamber of … Read More

East Africa next investment attraction exploration and production companies

[twitter-follow screen_name=’oilnewskenya’] 3 East African countries Kenya, Mozambique and Tanzania are set to be the next attraction for the exploration and production companies following recent mineral finds and infrastructure projects. … Read More