Market News
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UAE Based Oil Firm Consolidates East African Presence with Acquisition of Essar Petroleum East Africa Ltd
Posted on :Thursday , 2nd July 2015
Gulf Petrochem Group rename entity to Aspam Energy (Kenya) Ltd
NAIROBI, Kenya, July 1, 2015/ -- Gulf Petrochem Group (today announces the official acquisition and name change of Essar Petroleum East Africa Ltd to ASPAM Energy (Kenya) Ltd. The deal will enhance the group’s integrated services and products for the downstream supply chain in the oil and gas. . .TULLOW OIL, AFRICA OIL REPORT POSITIVE RESULTS FROM KENYA’S APPRAISAL DRILLING, WELL TESTING
Posted on :Thursday , 2nd July 2015
In the latest update by Block 10BB and 13T joint venture partners Tullow Oil and Africa Oil appraisal drilling and Extended Well Tests (EWT) continue to produce positive results.The Amosing EWT which commenced in May testing five reservoir zones in the field across two wells, in one well the production was tested while pressure responses were measured in the ot. . .AFRICA ENERGY WITHDRAWS FROM PUNTLAND, SOMALIA BLOCKS
Posted on :Tuesday , 30th June 2015
Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising of its intention to withdraw from the January 2007 productions sharing agreements in respect of the Nugaal Block and the Dharoor Block, each made among the Company, the Government of Puntland and Range Resources, effective immediately.
Anadarko negotiating LNG supply deal with Jera from $23bn Mozambique project
Posted on :Monday , 29th June 2015
American oil and gas firm Anadarko Petroleum is in talks with Japan-based Jera for long-term supply of liquefied natural gas (LNG) from its Mozambique export scheme.
Jera, a joint venture set up by Tepco and Chubu Electric Power in April, aims to turn into the cheapest LNG buyer across East Asia.Anadarko's recent finds in Area 1 of Rovuma Basin in the African countr. . .Wentworth Resources Raises $7.6 Million To Finance Tanzania’s Mnazi Bay Developments
Posted on :Monday , 29th June 2015
Wentworth Resources has announced that it has successfully raised gross proceeds of USD 7.6 million (GBP 4.9 million, NOK 59.7 million) with institutional investors and certain Directors and members of the Executive Management through a private placement of 15,412,269 new shares.
The private placement saw no discount to market price with the new funds set to p. . .Please Select an Option
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