Africa Oil Corp.
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Transactions
Maersk Oil Acquires 50% Of Africa Oil’s Share In Kenya, Ethiopia Licenses
Maersk Oil Acquires 50% Of Africa Oil’s Share In Kenya, Ethiopia Licenses
Tullow Expands Portfolio With US$23.8MM Acquisition Of East African Rift Basin Assets
Tullow Expands Portfolio With US$23.8MM Acquisition Of East African Rift Basin Assets
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New Financings
Entered into investment agreement with Stampede Natural Resources S.a.r.l., a fund owned by investment…
Closed second tranche of private placement of with 3.6 million shares at C$1 each for C$3.6 million,…
Plans to offer 25 million shares at C$1 each to fund its work program in East Africa as well as for…
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News
TotalEnergies Expanding Orange Basin Presence
The new acreage offshore South Africa is on trend with the Venus discovery offshore Namibia.
E&P Highlights: Feb. 12, 2024
Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.
E&P Highlights: May 29, 2023
Here’s a roundup of the latest E&P headlines, including a find that could expand the Yggdrasil development in the North Sea and contract awards in the upstream oil and gas industry.
Africa Oil Commences Multi-well Drilling Program Offshore Namibia
Canada’s Africa Oil Corp. will be appraising its Venus discovery made in 2022 and further exploring possible expansion of the discovery. Â
E&P Highlights: Feb. 23, 2023
Here’s a roundup of the latest E&P headlines, including NOPSEMA approval of the Dorado project offshore Western Australia and new contract awards in the upstream oil and gas industry.
Africa Has Sights Set on Hydrocarbon Haul despite Global Shift
Across the African continent, where some 600 million people lack electricity, both well-established and emerging producers are seeking to accelerate hydrocarbon extraction.
Kenya's President Signs Petroleum Bill Outlining Revenue Sharing
Tullow Oil and its partner Africa Oil discovered commercial reserves in Nigeria's Lokichar Basin in 2012 and are working towards a FID by the end of this year.