Market News
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Atlas Development secures first contract in Mozambique
Posted on :Wednesday , 3rd December 2014
African focused support services and Logistics Company Atlas Development & Support Services Limited has announced that, in line with its expansion strategy for East Africa, it has been awarded its first support services contract in Mozambique.
The agreement, with an international oil company, underlines Atlas Development’s increasing penetration into the o. . .Swala Energy hints possible Farm-in in Eastern Africa
Posted on :Tuesday , 2nd December 2014
Swala Energy has announced that it is in farm-in conversations in Eastern Africa as the company seeks ways of raising alternative funding transactions.
This follows the withdrawal of a share purchase plan by the company’s board as the company aims at raising $5 million to finance its drilling obligations ahead of the planned in 2015.India, Mozambique sign oil and gas cooperation MoU
Posted on :Monday , 1st December 2014
India’s Minister of State for Petroleum and Natural Gas Dharmendra Pradhan met with Oldemiro Julio Marques Baloi, Mozambique’s Minister of Foreign Affairs in New Delhi.
The two sides discussed various areas of mutual cooperation in the energy sector. Pradhan said that both the countries have traditional links which have grown from strength to stren. . .Analyst predict flat growth outlook for oil and gas industry in 2015
Posted on :Friday , 28th November 2014
A new global oil and gas outlook by Moody’s has projected that the industry will witness a flat growth in 2015 a downgrade from the earlier expectation of more than 5 percent growth largely attributed to the drop in crude oil prices.
According to the report 2015 and 2016 price assumptions are down by $10/bbl and $5/bbl drop respectively for the Bre. . .Court lifts Temporary Injunction Order barring drilling of Badada-1 in Kenya s Block 2B
Posted on :Friday , 28th November 2014
The high court in Nairobi has allowed Block 2B operator Taipan Resources to continue with drilling preparations after lawyers representing the Company’s wholly-owned Kenya-based subsidiary, Lion Petroleum Inc. sought a variation to the conservatory orders issued with respect to drilling activities.
The court which agreed to vary its conservatory orders t. . .Please Select an Option
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