Simba Energy raises $360,000 to fund exploration in Africa
Simba Energy has announced it has completed a non-brokered private placement involving the sale of up to 15,000,000 units at a price of Cdn$0.03 per Share. Each unit will consist … Read More
Oil, Gas and Chemical Industry advised to adopt cost culture to survive current environment
With the recent fall-off in oil prices, companies in virtually all sectors of the oil, gas and chemicals (OGC) industry worldwide are going to have to plan and manage … Read More
Badada-1 Well Drilling Update in Block-2B, onshore Kenya
Taipan Resources through its Kenya-based subsidiary Lion Petroleum in its new update drilling operations for the Badada-1 well Block-2B, onshore Kenya have reached to a total depth of 1,647 … Read More
Burundi commits to implement the EITI
The Government of the Republic of Burundi formally committed to implement the Extractive Industries Transparency Initiative, EITI Standard in a declaration published by Come Manirakiza, Minister of Energy and Mine on … Read More
Statoil confirms Eldar Sætre as CEO
[twitter-follow screen_name=’oilnewskenya’] Statoil has confirmed the appointment of Eldar Sætre as new CEO after four months as acting as president and CEO. Sætre who has 35 years’ experience from Statoil … Read More
Solo acquires Kiliwani North Development Licence in Tanzania
[twitter-follow screen_name=’oilnewskenya’] Solo has announced it has now signed the Asset Purchase Agreement with Aminex plc for the first 6.5% interest in the Kiliwani North Development Licence (KNDL) at a … Read More
Afren receives $300 million debt facility
[twitter-follow screen_name=’oilnewskenya’] Afren plc has provided an update regarding the review of its capital structure, liquidity and funding requirements as announced on 27th January as the business seeks to address … Read More
EMAS AMC secures contracts worth over $65 million
[twitter-follow screen_name=’oilnewskenya’] Leading contractor and provider of integrated offshore solutions to the oil and gas industry Ezra Holdings has announced that the Group’s Subsea Services division, EMAS AMC, has secured … Read More
Kenya’s Block L6 farmout pushed further to late 2015
[twitter-follow screen_name=’oilnewskenya’] Block L6 operator Australian explorer Far Ltd has said it does not expect a farmout deal on the northern extent of the block until late in 2015. In … Read More
BG Group and KBR signs global alliance
[twitter-follow screen_name=’oilnewskenya’] BG Group has signed a global alliance with KBR that will enhance the company’s capacity to deliver commercially attractive oil and gas projects around the world. The single-partner … Read More