Africa's Oil, Gas and Energy News.
Coastline Exploration has signed seven Production Sharing Agreements (PSAs) covering offshore, deep-water blocks of the Federal Republic of Somalia. These PSAs enable Coastline to proceed with plans to explore for oil … Read More
The Uganda National Oil Company (UNOC) will now retain a portion of the proceeds from the sale of petroleum products following the passing of the Public Finance Management (Amendment) Bill, … Read More
Equinor has announced that it has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by 982million USD. This will be … Read More
Orca Exploration has announced its focused strategy to grow an integrated gas business in Africa. Outcome of Strategic Review Process with the assistance of its financial advisor, RBC Capital Markets, … Read More
Sasol has reported the completion of the first-ever 3-D onshore seismic programme in Mozambique involving the acquisition of 115 square kilometres of data in the Inhassoro field, which is part … Read More
The Somali government reached out to the African Legal Support Facility (ALSF) for support in preparing its technical ministries for the negotiation of any potential production sharing agreements (PSAs) if … Read More
The Ministry of Energy and Mineral Development has announced it has completed evaluation of bids for the first competitive licensing round and invited the successful companies to negotiate Production Sharing … Read More
[twitter-follow screen_name=’oilnewskenya’] Tax experts Deloitte East Africa have expressed fear that the unclear tax policy position on farm down transactions may be a draw back with the potential to derail … Read More
Privately owned UK company pursuing oil and gas exploration opportunities in Somalia Soma Oil and Gas has said it is hopeful that it will be in a position to make … Read More
Norwegian oil and gas operator DNO has said it has been granted a two-year extension of the term of its production sharing agreement for Block SL18 in Somaliland. DNO which … Read More
