Mozambique to lure investors at the 4th Annual Powering Africa forum set for May

Mozambique will host the 4th Annual Powering Africa forum in Maputo from the 7th-8th May 2015  where participants will be given the opportunity to connect with over 150 senior participants including power … Read More

Universal Pegasus International seeks to increase presence in East Africa

Universal Pegasus International (UPI), a subsidiary of Huntington Ingalls Industries which is participating in the 2015 East Africa Trade Mission to Mozambique and Tanzania says it aims to increase UPI’s … Read More

Scotland’s Oil and Gas sector sets its sights on East Africa

With some of the largest offshore gas fields in the world, no local supply chain and an immediate and significant demand for skilled workers, East Africa creates significant opportunities for … Read More

7th East African Petroleum Conference and Exhibition kicks off in Rwanda

The Prime Minister of the Republic of Rwanda, Rt. Hon. Anastase Murekezi officiated the 7th East African Petroleum Conference and Exhibition (EAPCE’15) that opened its doors on 4th March 2015 … Read More

Oil & Gas explorers need to rethink their capex on exploration activity in Africa – PWC

Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to … Read More

Mozambique’s extractive sector revenue triple boosted by capital gains tax

[twitter-follow screen_name=’oilnewskenya’] Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of capital gains tax in the country according to a new … Read More

Drilling of Kifaru-1 well in Mozambique begins

[twitter-follow screen_name=’oilnewskenya’] Wentworth Resources has announced the beginning of drilling operations on the Kifaru-1 exploration well by the Helmerich & Payne rig #243 in the Rovuma Onshore Concession in northern … Read More