Africa's Oil, Gas and Energy News.
[twitter-follow screen_name=’oilnewskenya’] The National oil corporation of Kenya will exercise its right to back in 2 blocks in North Western Kenya that have already yielded successful results namely Block 10BB … Read More
[twitter-follow screen_name=’oilnewskenya’] Ngamia-2 appraisal well in Block 10BB has encountered up to 39 metres of net oil pay and 11 metres of net gas pay according to newest operational update … Read More
Swala Energy Limited has requested that a trading halt be implemented in respect of all Swala securities quoted on the Australian bourse (ASX) pending an announcement from the Company in relation … Read More
Kenya’s move to replace withholding tax with income tax on assignment of rights targeting the extractive industry has received praise from tax experts who say this move will encourage farm-outs … Read More
The Kenyan government has announced that the construction of its 800km pipeline part of the 1300 kilometer Uganda-Kenya pipeline will be classified as an emergency project. The entire pipeline which … Read More
Source: Business Daily London Stock Exchange-listed Tullow which has discovered oil in Turkana County should sell part of its stake to raise money for production, analysts at Citigroup Global Markets … Read More
Source: Reuters Smaller oil explorers willing to take financial and operational risks will lead the development of East Africa’s oil and gas industry as majors ditch riskier projects as margins … Read More
Swala Oil and Gas will starting today open its shares to the Tanzanian public selling 9.6 million shares at TZS 500 (approx. $0.31) a share as it seeks to get … Read More
2D seismic acquisition for 500 kilometers in Block 11B is expected to start soon with the tendering process at an advanced stage according to a presentation made Bowleven CEO Kevin … Read More
Results on the 350km of 2D seismic acquisition carried out by BGP International on Block 12B located on the Nyanza Rift are expected in the coming days according to a … Read More
