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KENYA: Petroleum Ministry Cancels 6 PSAs Over Default of Obligations

The Cabinet Secretary for Petroleum and Mining John Munyes has issued demand notices and notices of termination to six production sharing contracts in a Kenya Gazette notice dated 10th September … Read More

Octant Energy Plans 4 wells, 2D Seismic in Kenya’s Mandera and Lamu Basin Blocks

Octant Energy which took over from Afren operated Blocks 1, L17 and L18 plans to carry on with already identified drill ready prospects in the three blocks as well as … Read More

Octant Energy to Raise $10 Million To Finance Kenya, Tanzania Blocks Acquisitions

Octant Energy has announced it has entered into a term sheet with Rosseau Asset Management to proceed with a financing of up to USD$10,000,000 through the issuance of secured convertible … Read More

Majority of Petroleum Rights Holding Companies in Kenya Incorporated in Tax Havens

A report by Oxfam dubbed The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights shows that all but five companies that hold petroleum exploration rights have at … Read More

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