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Petrobras announced that the Extended Well Test (EWT) in Iara oil field started on June 21st, and the results indicate a great potential in the region. 221 more words


Far to reduce its stake to under 25% in Kenya’s block L6

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Australian explorer which has a 60 percent equity position and operates block L6 and a 30% equity position in the L9 block in Lamu may be looking into reducing their stake in Block L6 to less than 25 percent. 374 more words

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Kenya confirms first oil deposits offshore

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Pancontinental Oil and Gas has announced that after lengthy analysis, it has been verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column – the first-ever oil discovered off the East African coast. 615 more words

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Ophir Energy announces gas discovery in Tanzania

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Ophir Energy plc has announced the successful results of the Taachui-1 & subsequent Taachui-1 ST1 well in Block 1, Tanzania which has resulted in a new gas discovery. 261 more words


Investors Bet on Egypt's Revival Under New Leader

CAIROEgyptian President-elect Abdel Fattah Al Sisi faces a tangle of economic challenges, but many foreign investors are already betting his arrival heralds better returns after three years of political tumult. 914 more words