Africa's Oil, Gas and Energy News.
Wentworth Resources plans the commenced planning for drilling operations of the fifth (MB-4) development well which is expected to spud in March. The well which will complete in 90 days … Read More
Aminex has notified shareholders that the Tanzanian authorities have agreed to the deferral of a two well drilling commitment on the Nyuni Area PSA, which was due to be completed … Read More
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
Wentworth Resources has announced that the Company has subsequently drawn an amount of $5.6 million on an existing $20 million credit facility with a Tanzania-based bank, TIB Development Bank Limited. … Read More
Afren has announced an update regarding the review of its capital structure, liquidity and funding requirements saying it has obtained from the lenders of the US$300m Ebok debt facility a … Read More
Aberdeen University has been awarded a £1.4million grant to help develop oil and gas education in East Africa. The grant will be split with Dar es Salaam University in Tanzania … Read More
Orca exploration has said it is contemplating a first phase of offshore development consisting of working over two existing wells (SS-5 and SS-9) that are currently suspended in order to … Read More
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
On 22 December 2014, Afren plc announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc (Seplat) regarding a possible combination with Afren. Seplat was … Read More
East African countries are unlikely to significantly benefit from falling global oil prices due to inadequate storage facilities, a new research paper released by Deloitte East Africa has indicated. “East … Read More
