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Africa Oil gets $50 million financing to advance the appraisal and development in Kenya

Africa Oil Corp has announced that it has entered into an equity subscription agreement with International Finance Corporation, a member…

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Africa Oil exploration expenditures in Kenya drop to $146.2 million in 2015

Canadian exploration company Africa Oil says it incurred $146.2 million of intangible exploration expenditures in Kenya for the six months…

Posted in New Discoveries Top News

Tullow Oil, Africa Oil strike more oil in Kenya’s Blocks 10BB and 13T

The Ngamia field continued to register positive results with the Ngamia 7 appraisal well which was drilled to test the…

Posted in Events Top News

Huge opportunities awaiting East African investors especially in transport and construction

Companies in construction and logistics are been urged to take advantage of the opportunities bound to emerge in the oil…

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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…

Posted in New Discoveries Top News

Mixed luck for Tullow Oil, Africa Oil in Northern Kenya

Tullow Oil has reported more oil finds as well as a number of disappointments in its latest Kenya exploration and…

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Simba Energy reopens discussions with interested parties in Kenya’s block 2A

[twitter-follow screen_name=’oilnewskenya’] Canadian explorer Simba Energy has reported that following positive results of the Company’s most recent FTG (Full Tensor…

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East Africa’s oil pipeline consultant bid to be advertised by July

The Kenya, Uganda, South Sudan oil pipeline consultancy bid advertisement is expected   to be out in the next two to…

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Tullow Oil to drill another 35 wells in 24 months in East Africa

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil is set to drill 35 wells by Q3 2016 in East Africa according to the recent…

Posted in New Discoveries Top News

Africa Oil Provides Operations Update

[twitter-follow screen_name=’oilnewskenya’] “Africa Oil” or the “Company”) is pleased to provide the following update on its activities in Kenya and…