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

Afren completes drilling and coring of wells completion on Madagascar’s Block 1101

[twitter-follow screen_name=’oilnewskenya’] Operator of Block 1101 onshore Madagascar Afren plc  has announce the completion of its drilling and coring operations and the discovery of oil in two boreholes drilled on … Read More

Madagascar Oil requests 2 year extension for Madagascar Exploration Blocks

[twitter-follow screen_name=’oilnewskenya’] Madagascar Oil has announced that following discussions held at the Executive Committee meeting regarding Blocks 3105, 3106 and 3107 on 9 December 2014, the Company’s wholly owned subsidiary, … Read More

3rd East Africa Oil & Gas Summit & Exhibition set to kick off in Nairobi next week

The 3rd East Africa Oil & Gas Summit & Exhibition to be held next week is set to welcome 3000 international delegates, exhibitors and trade visitors to Nairobi this October … 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

Infrastructure, regulatory uncertainty and corruption remain hurdles in Africa’s oil & gas sector – PwC Review

[twitter-follow screen_name=’oilnewskenya’] The challenges facing oil & gas companies operating in Africa continue to be diverse and numerous fuelled by fraud, corruption, theft, poor infrastructure and a lack of skilled … Read More

Madagascar’s Tsimiroro crude oil sales to commence this quarter

[twitter-follow screen_name=’oilnewskenya’] Madagascar Oil has announced it has been advised, via a “Communique de Presse: Conseil des Ministres” that the decree approving test sales of Tsimiroro crude oil in the local market … Read More