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SOMALIA: Coastline Exploration Signs Seven PSA’s Amid Rejection from President and PM

Coastline Exploration has signed seven Production Sharing Agreements (PSAs) covering offshore, deep-water blocks of the Federal Republic of Somalia. These PSAs enable Coastline to proceed with plans to explore for oil … Read More

UGANDA: Parliament Passes the Public Finance Management (Amendment) Bill, 2021

The Uganda National Oil Company (UNOC) will now retain a portion of the proceeds from the sale of petroleum products following the passing of the Public Finance Management (Amendment) Bill, … Read More

Sasol Completes Onshore 3-D Seismic Campaign, Announce Discovery In Mozambique

Sasol has reported the completion of the first-ever 3-D onshore seismic programme in Mozambique involving the acquisition of 115 square kilometres of data in the Inhassoro field, which is part … Read More

ALSF trains Somalia government officials on Production Sharing Agreements

The Somali government reached out to the African Legal Support Facility (ALSF) for support in preparing its technical ministries for the negotiation of any potential production sharing agreements (PSAs) if … Read More

Uganda invites Five Bidders to negotiate PSA’s in first competitive licensing round

The Ministry of Energy and Mineral Development has announced it has completed evaluation of bids for the first competitive licensing round and invited the successful companies to negotiate Production Sharing … Read More

Experts call for clear tax policies on farm down transactions in Kenya

[twitter-follow screen_name=’oilnewskenya’] Tax experts Deloitte East Africa have expressed fear that the unclear tax policy position on farm down transactions may be a draw back with the potential to derail … Read More

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