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World Bank Halts Finance For Upstream Oil and Gas

The World Bank Group has announced that it will no longer finance upstream oil and gas, after 2019 as part…

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Swala Oil & Gas Seeks minority investment in the Orca Group

Orca Exploration Group has confirmed that it is in discussions with Swala Oil & Gas (Tanzania) plc regarding a possible…

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Oil and Gas to employ 160,000 Ugandans during peak construction phase

The oil and gas industry will indirectly employ up to 160,000 Ugandans during the development phase peak including 13000 direct jobs…

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Report Evaluates Challenges in Kenya’s Nascent Upstream Sector

A recently released strategic environmental and social assessment initial report for the petroleum sector in Kenya shows a multitude of…

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Kenya Seeks Experts to Review the South Lokichar Field Development Plan

Kenya’s Ministry of Energy and Petroleum through the World Bank funded Kenya Petroleum Technical assistance project has requested for the…

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World Bank Raises 2016 Oil Price Forecast

The World Bank is raising its 2016 forecast for crude oil prices to $43 per barrel from $41 per barrel…

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$5.4M Disbursed Through Kenya Petroleum Technical Assistance Project – Report

The Kenya Petroleum Technical Assistance Project has disbursed $5.4M so far or 9.44% as of June 2016 according to the…

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Delonex Energy Is Slowly Becoming A Major Player in East Africa

Delonex Energy has since its entry in East Africa through the Ethiopian acreage in September 2014 increased its presence in…

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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…

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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…