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Africa Oil in $100m Equity Raise to fund exploration, appraisal plans in South Lokichar onshore Kenya

Africa Oil has announced plans to raise US$100m in new equity through a private placement to fund the ongoing appraisal…

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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…

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Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil has said it will be shrinking its 2015 exploration expenditure capital to just $200 million from…