Marathon Oil Exits from Kenya and Ethiopia
Almost six months after Marathon Oil announced it had sought bids for of its onshore blocks in East Africa the American explorer has exited the region as the company focuses … Read More
Tag: Tanzania
Swala Energy Awards Drill Support Contract in Tanzania
Swala Energy has announce that its partly-owned subsidiary, Swala Oil and Gas (Tanzania) the operator of the Kilosa-Kilombero and Pangani licences, has awarded the Drill Support Team contract for the … Read More
Skills for Oil and Gas Africa Annual Regional Conference and Launch kicks off in Nairobi
The Skills for Oil and Gas Africa (SOGA) Annual Regional Conference and launch has opened in Nairobi with the aim of addressing skill gaps in the oil and gas supply … Read More
Octant Energy To Purchase Afren Assets in Tanzania and Kenya
Canada-based oil and gas company Octant Energy Corp. has announced that it has entered into three agreements with subsidiary companies of cash strapped Afren PLC to acquire assets in the … Read More
Orca Exploration Closes $60 million financing for Tanzania’s Songo Songo development from IFC
Orca Exploration has announced that it has entered into a loan agreement with International Finance Corporation (IFC), a member of the World Bank Group, for a US$60 million investment in … Read More
East Africa Oil and Gas Expo set for Nairobi, Dar es Salaam in Q2 2016
For the fifth time in Kenya and second time in Tanzania the East Africa Oil and Gas Expo is set to occur in East Africa targeting key players in the … Read More
Tanzania farm-out enables Swala Energy repay loan acquired in December
Swala Energy Limited has said it has agreed with Magna Equities II LLC the provider of an interim financing mechanism entered into by way of provision of Convertible Notes in … Read More
Tata Petrodyne seals farm-out transaction with Swala Energy after payment of $5.7 million
Swala Energy Limited has confirmed that US$5.7 million has been received from Tata Petrodyne Limited (TPL) pursuant to the farm-out transaction with TPL for the Kilosa-Kilombero and Pangani licences in … Read More
Tanzania to Generate 2000MW Electricity from Natural Gas by 2018
Tanzania hopes to generate 2000 megawatts from natural gas in the next three years as the country hopes to increase its power generation capacity to 10,000 megawatts by 2025. Already … Read More
Swala Energy Completes Farm-Out Of Tanzania’s Kilosa-Kilombero And Pangani Licence Interests To TPL
Swala Energy has announced that its subsidiary Swala Oil and Gas (Tanzania) Plc and Tata Petrodyne Limited (TPL) have finalised the outstanding terms of their farmout agreement for the Kilosa-Kilombero … Read More