Repeated failures to achieve Ugandan oil production targets has meant that the East Africa nation will have to wait five more years before it can reap the benefits of its much treasured oil resources
Total push Ugandan oil production back to 2017
Exploration
Gasol inks AfGen Option Agreement
Africa-focussed oil firm Gasol will purchase the entire issued share capital of African Power Generation Ltd (AfGen) from African Development Corporation Ltd after entering an Option Agreement
Toyota Tsusho grants US$5 billion to Lamu-Juba pipeline project
Toyota Tsusho Corp has confirmed it will stump up US$5bn towards the cost of construction of the multi-billion Lamu-Juba oil pipeline, which will connect Kenya, Uganda, Ethiopia and South Sudan
Africa Oil Corp spuds latest Kenyan exploration well
Africa Oil Corp has spudded the Twiga South-1 exploration well in Kenya’s onshore Block 13T
Inpex to purchase interest in offshore Angola block from Total
Total SA has agreed to sell a 9.99 per cent interest in offshore Angola Block 14 to Japanese oil firm Inpex Corporation
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