Africa's Oil, Gas and Energy News.
2020 Performance · The impact of COVID-19 has been managed effectively across the Group with negligible impact on production. · Group working interest oil production averaged 74,900 bopd in 2020, … Read More
The Kenya upstream sector will continue to witness a depressed environment with most planned activities unlikely to continue after multiple drill ready prospects in various licenses remain unattended after expiry … Read More
Aksa Power Generation is a part of Kazancı Holding who is the leading group in energy industry. Aksa is operating in manufacturing, technology development, marketing, and distribution fields in power … Read More
The President of the Republic of Kenya Uhuru Kenyatta yesterday in Nairobi met the Chief Executive Officer of Eni Claudio Descalzi to discuss potential green initiatives to be developed in … Read More
Tullow Oil has announced that Tullow and its Joint Venture partners have received extensions to their exploration licences for Blocks 10BB and 13T in Kenya to the end of 2021. … Read More
Africa Oil has received an additional $50 million in dividends from Prime subsequent to the previous reporting period. This brings the total dividends amount to $162.5 million since Africa Oil … Read More
Africa Oil is eyeing ‘money-making’ geothermal and wind projects in Kenya as the oil and gas industry slowly aligns itself with renewable energy, this is according to Africa Oil CEO … Read More
The OPEC Fund for International Development (the OPEC Fund) has signed a US$20 million term loan in favor of East African Development Bank (EADB). EADB will use the loan to … Read More
The Group reported a loss for the half year ended 30 June 2020 of $21,238,324 (30 June 2019 – $7,553,696 loss). The increased loss of $13,684,628 during the current half … Read More
