Africa Oil Announces Farmouts in the Rift Basin Area and Adigala Blocks in Ethiopia

Africa Oil has announced that it has received Ethiopian government approval in respect of two farmout agreements with Marathon Oil and New age Ethiopia Limited. Under the terms of the … Read More

Statoil announces successful test in Block 2 offshore Tanzania

Statoil and co-venturer ExxonMobil have announced the results from their first drill stem test in the Tanzania Block 2 offshore discoveries. The data acquired is important to reduce technical uncertainties in a possible future Tanzania … Read More

East Africa lacks extractive industry taxation capacity

Article courtesy of OxfamAmerica Dr. Prosper Ngowi Dr. Prosper Ngowi, an economics professor from Tanzania, said that Tanzania has lost a lot of revenue from the gold sector because 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