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 and pre-development activities in the core South Lokichar Basin onshore … Read More

Tullow, Africa Oil discover more oil in Northern Kenya

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil and Africa oil have announced that they have struck more oil in North Western Kenya at the Amosing 3, Ngamia 5 and Ngamia 6 appraisal wells. … Read More

Tullow, Africa Oil to drill up to 6 basin openers in Northern Kenya in 2015

  Tullow Oil and Africa Oil say they plan to drill 6 basin openers in North Western Kenya’s North Lokichar basin, Kerio basin as well as in North Turkana according … Read More

Tullow Oil to drill first exploration well in Kenya’s Block 12A

[twitter-follow screen_name=’oilnewskenya’] Tullow Kenya is to drill its first exploration oil well in Elgeyo Marakwet later this year, as the company continues to expand its oil and gas search into … Read More

Thousands of oil industry jobs at stake as companies reduce costs

[twitter-follow screen_name=’oilnewskenya’] Keeping a job in the upstream sector of the global oil and gas industry is seemingly becoming harder by the day as companies streamline operations to reduce costs … Read More

Tullow Oil cuts exploration capital expenditure by 80% in 2015 following oil price drop

[twitter-follow screen_name=’oilnewskenya’] Tullow Oil has said it will be shrinking its 2015 exploration expenditure capital to just $200 million from $1 billion in 2014 as it takes steps to strengthen … Read More