What to look out for in Kenya’s oil and gas sector in January 2015

2015 continues to look promising for the oil and gas sector in Kenya with various planned projects expected to continue while new companies will begin work in the various acreages. … Read More

FAR raises $46.7 million to fund exploration ventures in Africa and Australia

FAR Ltd has completed a placement to institutional and sophisticated investors to raise $46.7 million before expenses by issuing 424,961,685 shares. The capital raising follows the significant oil discovery in … Read More

Cairn Energy, FAR announce oil discovery Senegal

Cairn together with its joint venture partners FAR ConocoPhillips 35% and Petrosen have announced that the FAN-1 exploration well, offshore Senegal, has discovered oil. The well, located in 1,427 metres water depth and approximately 100 kilometres offshore in the Sangomar Deep block reached a Target … Read More

Far Ltd receives term extension in Kenya’s Block L6

Australian explorer Far Ltd has announced that it has received a 1 year extension in the PSC term of Block L6 after the company delayed planned activities Government of Kenya … Read More