Posted in Top News

Octant Energy To Purchase Afren Assets in Tanzania and Kenya

Canada-based oil and gas company Octant Energy Corp. has announced that it has entered into three agreements with subsidiary companies…

Posted in Top News

Afren Receives 15 Month Extension in Kenya’s Block 1

The government of Kenya through the Ministry of Energy has granted Afren through its subsidiary East African Exploration (EAX) a…

Posted in Oil Politics Top News

Taipan Resources sues Afren for $10 million in damages in Kenya’s Block 1

Taipan Resources has announced that the Company’s Kenya based subsidiary Lion Petroleum Corp has commenced an arbitration action against East…

Posted in Top News

Africa Oil withdraws from Ethiopia’s block 7 and 8

[twitter-follow screen_name=’oilnewskenya’] Africa Oil has announced it will be withdrawing from blocks 7 and 8 in the Somali region where…

Posted in Top News

Ethiopia’s wells costs Africa Oil $30.8 million in losses

Africa Oil has announced it will be writing off $30.8 million previously capitalized in blocks 7 and 8 on expenditures…