Posted on :Tuesday , 27th September 2022
Africa Oil expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
The companyâ€™s famously bullish CEO and president Keith Hill said the Island Innovator rig was 10 days out from arriving on location in South Africa.
Block 2B, . . .
Posted on :Wednesday , 3rd August 2022
Two Indian state-backed companies are in talks to acquire Tullow Oil's stake in Turkana oil projects in a deal estimated to breach Sh356.5 billion ($3 billion).
This will mark one of the biggest deals in Kenya's history and offers a foreign government a stake in a venture that is seeking to develop infrastructure for oil production.
Bloomberg news agency reported from India that ONG. . .
Posted on :Friday , 15th July 2022
State-owned National Oil Corp. of Kenya has signed a deal with Saudi oil giant Aramco to import fuel at lower prices than the global costs of crude, local media reported.
This comes as part of the governmentâ€™s efforts to lower pump prices in the African state, Business Daily reported.
As per the government-to-government deal, NOCK . . .
Posted on :Tuesday , 12th July 2022
A request for a license to begin the construction of the East African Crude Oil Pipeline (EACOP) has been submitted to the government of Uganda by the company in charge of the project. According to Martin Tiffen, general manager of EACOP company they are ready to begin construction. The submitted application will be completed in 180 days, or before the end of the year, according to Honey Maling. . .
Posted on :Thursday , 17th March 2022
Kenya is just weeks away from announcing the discovery of new oil resources in the Lamu basin, bigger than what was found a decade ago in Turkana, in what could be a turning point for the countryâ€™s dreams of reaping petrodollars.
Italian oil exploration company Eni â€” in partnership with France-based oil and gas company TotalEnergies and Q. . .