Atlas Development Shuts Loss Making Kenyan Subsidiary

Atlas Development & Support Services Limited has announced the decision to place its loss making Kenyan subsidiaries into liquidation by way of a Creditors Voluntary Liquidation following the downturn in … Read More

Africa Oil Completes farm-out of Kenya, Ethiopia Licenses with Maersk Oil

Africa Oil Corp. has announced that it has entered into a definitive farmout agreement with a Danish oil and gas company Maersk Oil & Gas A/S, owned by the Maersk Group (“Maersk”) whereby Maersk … Read More

Atlas Development in Joint Venture Partnership with Ethiopia’s Orchid Business Group

AIM and NSE listed Support services and logistics company Atlas Development has announced that it has established an Ethiopian joint venture company with Orchid Business Group PLC (Orchid), a prominent … Read More

GPB Global Resources begins 2D seismic acquisition in Ethiopia

Russian explorer GPB Global Resources has said it has began acquiring 2D seismic at the Gewane-El Wiha license area where it signed a Petroleum Production Sharing Agreement (PPSA) in July … Read More

Loss Making Atlas Development focuses more on Ethiopia and Tanzania as activity in Kenya reduces

Nairobi securities exchange listed company Atlas Development has said it is now eyeing the Ethiopian and Tanzanian markets as oil exploration in Kenya and the Turkana region witnesses a significant … Read More

Atlas Development & Support Services anticipates H1 pre-tax losses of $2.5m

The Kenyan headquartered, African focused support services and logistics company Atlas Development has said the H1 pre-tax losses anticipated is $2.5m from an expected turnover of US$11.0m in its latest six … Read More