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Kenya in preparation to see crude sales in 2016 as Uganda remains uncertain

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Speculative media reports coming from Kenya say the country is in preparation to pump its Oil deposits from Lokichar valley to the International market in early 2016. According…

The ‘not so good’ awaiting Nigeria Oil industry amid the threat of falling prices in 2016

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This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil. This is especially true for Nigeria, where there’s a possibility…

New Reservoir discovery makes ‘Africa Oil’ stronger in Kenya Oil sector

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Africa Oil announced that the Etom-2 well in Block 13T in northern Kenya has discovered 102 metres of net oil pay. The company in a press statement indicated…

Hope as Indian refineries Clear African Crude Oil off the shelf

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By agencies… Indian refineries continued to moped cargoes of West African crude oil, underpinning what was otherwise a saturated market. Refineries HPCL and BPCL together booked at least…

Shell and Eni Paid $1.1bn ‘behind closed door’ to acquire Oil exploration rights in Nigeria, says Global Witness

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Oil majors Shell and Eni paid US$1.1bn to an Illegal company and secured exploration and production rights for one of West Africa’s largest oil fields, situated off the…

Tanzania to start Advanced Oil search in Lake Tanganyika

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Tanzania Petroleum Development Corporation (TPDC) will start an advanced search for oil in Lake Tanganyika, Uganda Oil has learnt. From its first stages of surveys across Lake Tanganyika…

Tullow announce Farm-down in Kenya, expects to make Final Investment Decision in Uganda in 2017

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British-African Giant Tullow Oil Plc has expressed optimism about the status of its development projects in East Africa saying it’s nearing Final Investment Decision (FID) The revelations are…

Nigeria Echos need to Renegotiate Commercial Oil contracts, says sector is no longer profitable

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LAGOS The Nigerian National Petroleum Corporation (NNPC) said its latest move to re-negotiate Oil and Gas contracts is a part of a series of measures to save the…

‘Maersk’ and ‘Africa Oil’ agree to Co-Own Onshore exploration Licenses in Kenya and Ethiopia

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Danish Oil giant Maersk Oil has entered a farm-out agreement with Canadian based Africa Oil Corporation to acquire 50 percent stake in three of the latter’s onshore exploration licences…

Shell has defied Orders to Clean Oil spills in Nigeria says Amnesty International

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Oil giant Shell is “blatantly false” when it claims it is cleaning up spills that continue to destroy the livelihoods of hundreds of thousands of Nigerians, Amnesty International said….