Could Restructuring African NOCs via Partial Privatization be a Game Changer in the African Oil and Gas Industry?

The prevailing system in African NOCs means a growing social and financial burden to oil producing countries that translates into low wages, poor quality goods and services By Leoncio Amada … Read More

Swala Energy receives Funding from Hayaat International for exploration in East Africa

Swala Energy has received interim funding from Hayaat International Limited a cornerstone investor who holds an equity interest of 9.2% of the Company. The loan is to be made available … Read More

Talks between Afren and SEPLAT Petroleum Development Company fail

On 22 December 2014, Afren plc announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc (Seplat) regarding a possible combination with Afren. Seplat was … Read More

Afren reviews its capital structure to solve liquidity and funding requirements

[twitter-follow screen_name=’oilnewskenya’] In light of the significant dislocation in the industry and related financing markets resulting from the rapid decline in oil prices Afren says its board has been reviewing … Read More