Africa Oil Closes US$100 Million Financing To East Africa Program

Africa Oil has announced that it has closed the US$100,000,000 non-brokered private placement previously announced pursuant to an Investment Agreement dated May 1, 2015 have been released to Stampede Natural … Read More

Swala Energy signals possible Farm-Out deal in East Africa in coming days

Australian company exploring the East African Rift System in Kenya, Tanzania and Zambia has said it is awaiting the receipt of signed farm-out documents having finalized the final steps in the … Read More

Extractive Industry Consultative Forum Kicks off in Nairobi

A two day consultative forum that has attracted leading experts from government, academia, civil society and the industry at large has kicked off at the Hekima Institute if Peace Studies … Read More

Africa Oil Receives US$100 Million To Finance Appraisal And Development Work Program In East Africa.

Africa Oil has announced that it has entered into an investment agreement with Stampede Natural Resources S.a.r.l. an entity owned by a fund advised by Africa-focused investment firm Helios Investment … Read More

Tullow Oil, Africa Oil strike more oil in Kenya’s Blocks 10BB and 13T

The Ngamia field continued to register positive results with the Ngamia 7 appraisal well which was drilled to test the Ngamia oil field’s eastern flank encountering up to 130 metres … Read More

4th Oil & Gas Africa – Int’l Trade Exhibition set for Nairobi in a fortnight

The 4th Oil & Gas Africa  Intenational Trade Exhibition that hopes to attract leading oil, gas and petroleum companies from around the world will be held 27th to 29th April 2015. … Read More

Shell set to make a major comeback in East Africa with acquisition of BG Group

The announced offer of  acquisition of the BG Group by Royal Dutch Shell in a deal expected to be in excess of $70 billion could several blocks offshore East Africa … Read More

Nairobi Oil and Gas Club holds inaugural meeting

The Nairobi Oil and Gas club yesterday held its first meeting bringing together close to 50 professionals and investors in the upstream sector in Kenya. According to the organizers the … Read More