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 in Kenya and a further two in Ethiopia. The exploration areas in question cover the Turkana region of northern Kenya and southern Ethiopia. According to a statement
Tullow oil plc has announced steadfast progress in its major development projects in East and West African oil fields despite decline in revenue in the first half of the year 2015. According to a statement from Tullow oil on the status of its operations, the company the has registered a fall in its revenue by 35%
International business research firm, Market Research Store, the leading research and consulting service providers for the oil and gas industry, has provided details about Kenya oil and gas sector giving projections of the country’s budding industry in a recently published report. The report titled “Kenya Oil and Gas Strategic Analysis and Outlook to 2025″. provides
Japan’s Toyota Tsusho has won a contract to design an oil export pipeline from Uganda to Kenya’s coast, a Kenyan official says. According to Joseph Njoroge, the Kenya Energy Ministry’s principal secretary, Toyota Tsusho, the company awarded the contract for the feasibility study and preliminary engineering design must submit their report within the next five
Amid-st the turbulent rage of the faltering oil prices Tullow Oil PLC has resolved to revise its investment priorities and focus on East Africa and Ghana in West Africa come 2015. In an Interim Management Statement issued on 12th November 2015 Tullow indicated that though exploration will remain a key part of the company’s future