Taipan takeover target, Lion Petroleum, has agreed a farm-in deal with NewAge (African Global Energy) Ltd for Block 2B onshore Kenya
Exploration
Africa Oil finds additional oil in Kenya
Canadian oil and gas company, Africa Oil, has announced its discovery of further oil in Kenya, the company’s third such discovery
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
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
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