Tullow Oil to cut jobs as oil price slump continues
Tullow Oil has said it is planning to cut costs through a reduction of its workforce according to an unnamed source quoted by Reuters. In the article by Reuters the … Read More
Tag: Ghana
CAMAC Energy terminates contract for drillship Energy Searcher
CAMAC Energy has announced it has terminated its contract with Northern Offshore International Drilling Company Ltd. for the drillship Energy Searcher. CAMAC says it notified Northern on January 7, 2015 that … Read More
CAMAC Energy Announces Additional Drilling Rig for Offshore Nigeria
CAMAC Energy has reported that it has signed a contract with a subsidiary of Transocean Ltd. for the provision of the semi-submersible drilling unit Sedco Express for drilling and completion activities offshore … Read More
Afren corruption investigation report expected in mid-October
Afren an independent oil & gas company listed on the Main Market of the London Stock Exchange, with a diversified portfolio of production, development and exploration assets in 10 African … Read More
CAMAC Energy Closes $100 Million Credit Facility from Zenith bank
CAMAC Energy has announced today that its wholly owned subsidiary, CAMAC Petroleum Limited, has entered into a credit facility with Zenith Bank Plc for a five-year senior secured term loan providing … Read More
SASOL considers expanding into Tanzania, Ghana and Angola
Sasol is seeking into expanding into more Eastern and Western African countries according to an interview with Reuters on Monday. The South African company earlier in the year reported it … Read More
Tullow Oil awards a third of its global scholarships to Kenya
Tullow Oil has awarded 30 Kenyan post graduate students scholarships to various universities in the United Kingdom and Europe. The scholarships are part of the Tullow Group Scholarship Scheme that … Read More
Simba Energy raises funds for exploration in Kenya and Guinea
Simba Energy has announced the closure of second and final tranche of the Private Placement which is expected to raise USD $2.97 million. This is the second private placement after the … Read More
Infrastructure spending to more than double to $9 trillion annually by 2025
Extraction spending in sub-Saharan Africa is projected to increase at 8% annually over the next decade. The bulk of spending is likely to take place in South Africa and Tanzania – PwC
Energy top on the agenda as US-Africa summit kicks off in Washington
This week over 50 African heads of state will discuss ways of improving trade between their countries and the United states as well as how to tap into the United … Read More
