Global marine, cargo and supply chain solutions provider  Inchcape Shipping Services (ISS) has announced another key hire to its African regional management team, as the company gears up for ambitious growth across the region in 2015.   Heading the team and to be based in Nairobi is Riaan Blom who takes up the position of Vice President Sales, Africa having joined the company this month.   Riaan has a spanning over 20 years.... Read more »

Posted on : Tuesday , 6th January 2015

2015 continues to look promising for the oil and gas sector in Kenya with various planned projects expected to continue while new companies will begin work in the various acreages.   In our radar this January is the planned Badada-1 well in Block 9 located in the Anza basin which is expected to spud with the drilling contracts already awarded to Greatwall which will operate the GW-190 land rig while Aberdeen-based Norwell Engineering will.... Read more »

Posted on : Monday , 5th January 2015

 The Ugandan government has announced that it has started evaluating bids from a number of international firms for the construction of the export pipeline from Hoima (refinery site) to Kampala (distribution terminal) stretching over 200 kilometers.   The companies will be charged with the responsibility of generating a blueprint for the route to be followed as well as carryout an environmental baseline study.   According to.... Read more »

Posted on : Friday , 2nd January 2015

Aminex has announced that it would sell up to 13 per cent interest in the Tanzania’s Kiliwani North Development Licence (KNDL) to Solo Oil for US$7mn The company has received no objection from the Tanzanian Ministry of Energy and Minerals and said that the completion of the initial 6.5 per cent interest remained subject only to a formal deed of assignment being signed by all participating parties. Solo Oil and Aminex have agreed to.... Read more »

Posted on : Friday , 2nd January 2015

      Drilling of the Tembo-1 well on Mozambique’s Onshore Rovuma Concession has resulted in a natural gas discovery for Anadarko Petroleum (operator) and Wentworth Resources. The discovery was made in Cretaceous-aged sands. The Tembo-1 was drilled to a total depth of 4,553 meters and reached TD in Jurassic-aged sediments. Petrophysical analysis of the Cretaceous section indicates 11 meters of natural gas net pay..... Read more »

Posted on : Friday , 2nd January 2015

 Otto Marine Limited a leading offshore chartering group, which owns and operates more than 60 offshore support vessels globally, and also engaged in specialized shipbuilding, repair and conversion of offshore support vessels has announced that its shipyard division has sold an Anchor Handling Tug Supply Vessel to a renowned unrelated third party (the “Buyer”) for US$100 million.   DNV classed and Norwegian-designed, the.... Read more »

Posted on : Friday , 2nd January 2015

 Seadrill Limited has announced it has exercised a purchase option for the West Polaris, a 6th generation Ultra-Deepwater drillship, from Ship Finance International Limited. The West Polaris was acquired by Ship Finance in 2008 and subsequently bareboat chartered to Seadrill with purchase options commencing in 2012.The purchase option price is US$456 million and total consideration payable to Ship Finance is US$108 million. The.... Read more »

Posted on : Friday , 2nd January 2015

 Western Corporation limited signs up as a Platinum Sponsor at the 4th Oil & Gas Africa 2015 which will take place from the 27th – 29th April 2015,  at the Kenyatta International Conference Centre, Nairobi, Kenya. The expo is a hub for key players in the oil and gas community, attracting  leading oil, gas and petroleum companies from around the world. This regional trade event serves the resource-rich east African.... Read more »

Posted on : Wednesday , 31st December 2014

 A law adopted by Mozambique this week to provide long-term fiscal and legal stability for gas projects off its northern coast will be a benchmark for such agreements in other countries, said the International Monetary Fund.   The law applies to two projects in the Rovuma Basin, near the border with Tanzania, operated by Anadarko Petroleum Corp. (APC) and Eni SpA. (ENI) It sets terms covering 30 years, while allowing for the tax the.... Read more »

Posted on : Tuesday , 30th December 2014

 Eland (AIM: ELA), an oil & gas production, development and exploration company operating in West Africa with a principal focus on Nigeria, is pleased to announce that Elcrest Exploration and Production Nigeria Ltd ("Elcrest"), Eland's joint venture company, has completed the loading and sale of a further 31,500 bbls gross of crude for an average price of $94.93 per barrel. This will be the Group's final loading and sale for.... Read more »

Posted on : Tuesday , 30th December 2014

Swala Energy Limited has announced that Swala has received US $750,000 under the terms of the Convertible Note Facility pursuant to the Company’s ASX Announcement in mid December.   Under the terms of the Facility 750,000 Convertible Notes will be issued subsequent funding of up to US $750,000 per tranche is available at Swala’s request and may be drawn down every 40 calendar days under the Facility up to.... Read more »

Posted on : Tuesday , 30th December 2014

 According to officials at Eco (Atlantic) Oil and Gas, the agreement would be deemed an “all-share” deal, which would save costs and strengthen itReport Details East Africa is fast becoming one of the world's most interesting oil and gas hotspots. For many years the area was neglected by the world's oil and gas industry, and even in Africa it was overshadowed by the rapid development in West Africa and the established markets.... Read more »

Posted on : Monday , 29th December 2014