Experts call for clear tax policies on farm down transactions in Kenya

[twitter-follow screen_name=’oilnewskenya’] Tax experts Deloitte East Africa have expressed fear that the unclear tax policy position on farm down transactions may be a draw back with the potential to derail … 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

Swala Energy appoints financial advisor as it considers farm-down in East Africa

  Swala Energy has announced that it has appointed London based First Energy Capital LLP as financial adviser to the Company as it considers interest from a third party to … Read More

Panalpina opens new office in Nairobi to serve East African region

[twitter-follow screen_name=’oilnewskenya’] International freight forwarding and logistics company, Panalpina, has opened a new office in Nairobi Kenya. The company says the new office will support Panalpina’s growth strategy for the … Read More

Security in Africa: Structural challenges are reaching crisis point

[twitter-follow screen_name=’oilnewskenya’] The latest report from Think Security assesses changes in Africa’s security situation between 2013 and 2014 in three main categories: (1) Challenges impacting the national chain of command, … Read More

Tullow Oil to drill first exploration well in Kenya’s Block 12A

[twitter-follow screen_name=’oilnewskenya’] Tullow Kenya is to drill its first exploration oil well in Elgeyo Marakwet later this year, as the company continues to expand its oil and gas search into … Read More

ION Geophysical to acquire 2D seismic in offshore Puntland

[twitter-follow screen_name=’oilnewskenya’] ION Geophysical has announced that it has signed the first of a kind offshore multi-client 2D seismic survey  agreement with the Puntland Petroleum and Minerals Agency. According to … Read More

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

Drilling of Badada-1 well in Kenya’s Block 2B begins

Block 2B operator Taipan Resources through its subsidiary Lion Petroleum has announced that the GW-190 rig has spudded Badada-1 well with the well planned to be drilled to a total … Read More