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East Africa Oil & Gas News. Service for global professionals. Constantly updated news and information about East Africa Oil & Gas.
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Latest East Africa Oil & Gas News

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  • Heritage sells fields to Eni, ends Genel Energy talks 24 Nov 2009 01:35 GMT
    ... was targeting companies and field stakes in Africa and the Middle East. Analysts said the deal made ... the deal made strategic sense, as the Ugandan fields are about to enter a complex ... the construction of a pipeline to the Kenyan coast. Eni’s involvement and the project’s complexity could ...

  • Wildcatters need to keep making strikes 24 Nov 2009 00:10 GMT
    ... (£813m) deal to buy Heritage’s stake in Uganda will certainly change the fortunes of Heritage, ... Tullow, the bigger oil operator in the east African country. are so-called wildcatters. These make their names ...

  • Realpolitik and Referendums: The EU's role in deciding Omar al-Bashir's fate 24 Nov 2009 01:24 GMT
    ... Nov.17,2009 (AP Photo/ Burhan Ozbilici). Last week, Sudanese President Omar al-Bashir controversially decided against attending ... reported that “new developments” in the North African nation had forced him to stay put. ... have even further reaching implications than Abyei’s oil-rich status would suggest. Turkey, meanwhile, has been ...

  • The next Darfur? 24 Nov 2009 02:32 GMT
    ... autonomy for the largely Christian and black African south, with a referendum on its potential ... Kordofan state - a region with rich oil reserves. Few believe the government in Khartoum ... rebellion's original aim: equality within a united Sudan. "We have three religions in the Nuba ...

  • FACTBOX-Uganda's oil industry 23 Nov 2009 13:24 GMT
    ... series of deals likely to make the east African country an oil producer soon. Following are ... -- the northern most part of the East Africa Rift system -- and the first well ...

  • Eni Buys Uganda Oil Exploration Blocks From Heritage Oil for $1.5 Billion 23 Nov 2009 13:33 GMT
    ... Italy’s biggest energy company, agreed to buy Ugandan oil assets from , the U.K. explorer ... seeking to expand reserves with fields in Africa, central Asia and the Gulf of Mexico after ... pipeline from Uganda to the coast of Kenya to export crude from projects with its partner ...

  • Eni To Buy Stakes In Ugandan Oil Fields 23 Nov 2009 05:57 GMT
    ... Eni To Buy Stakes In Ugandan Oil Fields (RTTNews) - Energy company Eni SpA ... as one of the active competitors in Africa. Eni already has interests in the Republic of ...

  • Firms to get 'too much profit' from Uganda oil 23 Nov 2009 10:31 GMT
    ... are set to reap "excessive" profit once Uganda starts pumping crude with firms likely to ... outlook, an advocacy group said on Monday. East Africa's third largest economy hopes to join the ...

  • Tanzanian leader sees common market deal as sign of integration 23 Nov 2009 11:31 GMT
    ... of the protocol on the establishment of East Africa Common Market in Arusha last week marked ... for strengthening further the integration of the East African Community by signing the protocol to establish ...

  • Government yet to okay sale of oil wells 23 Nov 2009 21:36 GMT
    ... has not yet approved the sale of Ugandan oil fields to an Italian company, a ... is the latest in a string of African acquisitions by Eni in recent years. The Italian ... the construction of a pipeline to the Kenyan coast. As the oil under Lake Albert is ...

  • African Markets - Factors to watch on Nov 23 23 Nov 2009 06:10 GMT
    ... market moves and political events may affect African markets on Monday. - - - - ... making IFC one of its largest shareholders. EAST AFRICA Heads of state from the five-nation East African Community trade bloc signed a common market ...

  • Heritage Oil confirms sale to Italian firm 23 Nov 2009 10:56 GMT
    ... confirmed that it agreed to sell its Ugandan interests to Italy's Eni for up to ... Italian oil major builds its presence in Africa through acquisitions. Eni is buying Heritage's 50 percent ... be exported by a pipeline to the Kenyan coast for onward supply to international markets. As ...

  • UPDATE 3-Heritage sells fields to Eni, ends Genel talks 23 Nov 2009 12:14 GMT
    ... Heritage Oil has agreed to sell its Ugandan interests to Italy's for up to $1.5 ... was targeting companies and field stakes in Africa and the Middle East. Analysts said the deal made ... the construction of a pipeline to the Kenyan coast. As the crude under Lake Albert is ...

  • UPDATE 4-Heritage sells fields to Eni, ends Genel talks 23 Nov 2009 15:46 GMT
    ... explorer Heritage Oil agreed to sell its Ugandan interests to Italy's Eni for up to ... was targeting companies and field stakes in Africa and the Middle East. Analysts said the deal made ... the construction of a pipeline to the Kenyan coast. As the crude under Lake Albert is ...

  • UPDATE 5-Heritage sells fields to Eni, ends Genel talks 23 Nov 2009 18:14 GMT
    ... explorer Heritage Oil agreed to sell its Ugandan interests to Italian for up to $1.5 ... was targeting companies and field stakes in Africa and the Middle East. Analysts said the deal made ... the construction of a pipeline to the Kenyan coast. As the crude under Lake Albert is ...


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