Experts call for clear tax policies on farm down transactions in Kenya

[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

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

Afren reviews its capital structure to solve liquidity and funding requirements

[twitter-follow screen_name=’oilnewskenya’] In light of the significant dislocation in the industry and related financing markets resulting from the rapid decline in oil prices Afren says its board has been reviewing … Read More

Tony Blair top speaker at Africa’s biggest mining conference

[twitter-follow screen_name=’oilnewskenya’] Former British Prime Minister Tony Blair has been named as the key speaker at the Africa Mining Indaba conference taking place on 9th to 12th February 2015 in … Read More

2D seismic acquisition to commence in Ethiopia’s Rift Basin Area Block

[twitter-follow screen_name=’oilnewskenya’] Africa Oil and its partners have announced that 2D seismic acquisition of a 400 to 800 kilometer land and lake survey earlier planned for Q4 2014 will begin … Read More

Tullow, Africa Oil discover more oil in Northern Kenya

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil and Africa oil have announced that they have struck more oil in North Western Kenya at the Amosing 3, Ngamia 5 and Ngamia 6 appraisal wells. … Read More

Badada-1 Well Drilling Update in Kenya’s Block 2B

[twitter-follow screen_name=’oilnewskenya’] Taipan Resources through its Kenya-based subsidiary Lion Petroleum has provided the following update on drilling operations for the Badada-1 well, Block-2B, onshore Kenya. The Badada-1 well commenced drilling … Read More

Mtwara to Dar Es Salaam Gas Pipeline Project update

[twitter-follow screen_name=’oilnewskenya’] Source: Tanzania Petroleum Development Corporation a) Completion and the commissioning of treatment plants natural gas – February 2015; b) Construction of Valve Stations 16 required for the entire pipeline … Read More

Swala Energy appoints financial advisor as it considers farm-down in East Africa

  Swala Energy has announced that it has appointed London based First Energy Capital LLP as financial adviser to the Company as it considers interest from a third party to … Read More