Africa Oil Corp. Company News
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Partners In Kenya's First Oil Project Eye Pipeline Deal By Mid-2018
Friday, March 02, 2018Companies developing Kenya's first oilfields expect to conclude agreement on construction of an export pipeline by the middle of this year, according to Africa Oil.
Africa Oil, Partners To Begin Drilling New Kenya Wells In Dec
Tuesday, November 15, 2016Africa Oil and its partners in Kenya will drill up to 8 exploration and appraisal wells starting from December to boost proven resources.
FirstEnergy Expects Crude Oil Price to Hit $70 in 2018
Thursday, June 23, 2016Crude oil prices will rebound towards $70 per barrel in 2018, according to oil and gas analysts at FirstEnergy.
Africa Oil Corp: Kenya Resource Base Increases
Tuesday, May 10, 2016Estimated gross 2C unrisked resources in Kenya's South Lokichar Basin increase by 24% to 766 million barrels of oil, according to an independent assessment by DMCL.
Uganda Confirms Tanzania Oil Export Pipeline
Monday, April 25, 2016Uganda confirms at a summit in Kampala that it will build a pipeline from Uganda to Tanzania to export its oil, rather than Kenya.
Africa Oil Completes Ethiopia Farm-out Deal with Maersk Oil
Tuesday, February 23, 2016Africa Oil Corp. completes a farm-out deal with Maersk Olie og Gas A/S in relation to the South Omo and Rift Basin Blocks in Ethiopia.
Africa Oil Receives Government Approval for Maersk Farm-Out
Monday, January 11, 2016Africa Oil Corp. receives approval from the government of Kenya for a farm-out deal with Maersk Olie og Gas A/S concerning Kenya's blocks 10BB, 13T and 10BA.
Maersk Oil to Acquire 50% of Africa Oil's Interests in Kenya, Ethiopia
Monday, November 09, 2015Maersk Oil & Gas will acquire 50% of Africa Oil's interests in blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo blocks in Ethiopia.
Africa Oil Corp. Updates on Drilling at its Kenya and Ethiopia Blocks
Friday, August 29, 2014Africa Oil Corp. provides an updates on drilling operations at its blocks in Kenya and Ethiopia.
Tullow, Africa Oil To Submit Kenyan Development Plans In 2015
Tuesday, April 29, 2014Tullow Oil and Africa Oil aim to submit development plans to the Kenyan government late next year for their oil discovery in the northwest of the country, executives from the firms say.
Tullow Well Comes up Dry Onshore Ethiopia
Monday, December 09, 2013Tullow Oil reports that its Tultule-1 wildcat well onshore Ethiopia has come up dry.
Tullow Oil Spuds Ekales-1 Well in Kenya
Thursday, July 25, 2013Canada-based Africa Oil Corp. reports that the Ekales prospect in Block 13T in the Lokichar Basin in Kenya has been spud.