Oil companies ‘invest US$2.4 billion’ exploring Ethiopia
The Ethiopian Ministry of Mines has announced that nine foreign companies are currently exploring Ethiopia for oil, investing a total of US$2.4 billion in the process
E&P
Angola ‘to launch oil bidding round’ next year
In a bid to double production by 2020, Angola is planning to launch a bidding round for onshore oil exploration rights next year
Heritage Oil invests US$850 million in Nigerian oilfield assets
Heritage Oil has announced that its subsidiary, Shoreline Natural Resources, is to acquire a stake in Nigerian oilfield assets known as OML 30
Tullow plans second Kenya well after first hits rock
Tullow Oil has suspended drilling in north-western Kenya after hitting a geological formation and will spud a second well if a solution cannot be found
Kenya grants Rift with onshore exploration rights
Rift Energy Corp has announced the acquisition of Block L19 after signing a production sharing contract (PSC) with the Kenyan government
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