Afren recovers over $17 million from former CEO, COO
Afren plc has announced that it has successfully secured, from its former CEO, Osman Shahenshah, and former COO, Shahid Ullah, a cash payment of US$17.1mn in relation to payments made … Read More
Uganda begins evaluations of bids for Hoima-Kampala pipeline
The Ugandan government has announced that it has started evaluating bids from a number of international firms for the construction of the export pipeline from Hoima (refinery site) to Kampala … Read More
Seadrill to purchase ultra-deepwater drillship West Polaris
[twitter-follow screen_name=’oilnewskenya’] Seadrill Limited has announced it has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International Limited. The West Polaris was acquired … Read More
Otto Marine announces sale and leaseback of one AHTS at US$100million
[twitter-follow screen_name=’oilnewskenya’] Otto Marine Limited a leading offshore chartering group, which owns and operates more than 60 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion … Read More
Swala Energy Receives Funding for Exploration in its East African Acreage
[twitter-follow screen_name=’oilnewskenya’] Swala Energy Limited has announced that Swala has received US $750,000 under the terms of the Convertible Note Facility pursuant to the Company’s ASX Announcement in mid December. … 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
BG Group agrees sale and charter of LNG vessels
[twitter-follow screen_name=’oilnewskenya’] BG Group has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for proceeds of $460 million. BG … Read More
Total begins drilling of its deepest offshore project yet
[twitter-follow screen_name=’oilnewskenya’] Total has today reached another milestone for the Egina project in Nigeria, as an intensive drilling program got under way. The company has mobilized two rigs which will … Read More
Tower Resources resolves dispute with Repsol in Namibia
[twitter-follow screen_name=’oilnewskenya’] Tower Resources has announced that it has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited relating to the disputed costs associated with the drilling of the … Read More
Lake Turkana Wind Power Project Achieves Financial Close
Following the financial close of Lake Turkana Wind Power Project (LTWP) on 11 December 2014, LTWP has received the first disbursement of funds pursuant to financing agreements signed in March … Read More