Market News
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New interest in East Africa s oil and gas investments
Posted on :Monday , 1st June 2015
Senet Holding, a Hong Kong-based Investment Company is seeking new markets and partners in Uganda in areas where substantial development exists from oil and gas to minerals and consumer goods.
Senet Holding founder, Alexandar Romanov and chief executive officer, Frøystein Bakke were in the country recently on a commercial sports enterprise conference bu. . .WOODSIDE ENERGY OPTS OUT OF TANGANYIKA SOUTH BLOCK, TANZANIA
Posted on :Thursday , 28th May 2015
Tanganyika South Block operator Beach Energy has announced that Joint Venture partner Woodside Energy has decided not to enter into the next period of the exploration program relating to the Lake Tanganyika South Production Sharing Agreement in Tanzania.
According to Managing Director Rob Cole Beach Energy has however preserved its right to proceed into the ne. . .Swala Energy signals possible Farm-Out deal in East Africa in coming days
Posted on :Thursday , 28th May 2015
Australian company exploring the East African Rift System in Kenya, Tanzania and Zambia has said it is awaiting the receipt of signed farm-out documents having finalized the final steps in the agreement.
According to the Company’s Non-Executive Chairman Mr. Ken Russell it is however still not possible to name the new partners due to confidentiality. . .EAC partner states urged to co-operate in developing region’s nascent oil, gas sector
Posted on :Tuesday , 10th March 2015
NAIROBI: East African Community ( EAC) countries have been asked to co-operate in the development of the region’s nascent oil and gas sector.Rwandan Prime Minister Anastase Murekezi said co-operation between the Partner States was the surest way to develop the region’s enormous energy and natural resources. He said collaboration should focus on pe. . .Oil and gas: Why Rwandan and regional companies could miss out on oil dollars
Posted on :Tuesday , 10th March 2015
The East African region is now a well-known hydro carbon hotspot and as a result foreign investors are flocking in to take advantage of this business opportunity.
However, there is need to put in place strategies that will enhance transparency and accountability, as well as ensure regional firms benefit from opportunities presented by the activities in the oil and gas sector, commente. . .Please Select an Option
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