Acquisitions and Divestitures News in Kenya

Pancontinental and FAR to Relinquish Kenya Block L6
6/26/2020 - Pancontinental Oil & Gas NL and its subsidiary Afrex Ltd (together “Pancontinental”) refer to the ASX announcement made by it on 22 April 2020 headed “Kenya L6” in response to default notices received...
Total and Tullow Launch Joint Sale of Stakes in Kenyan Oil Project
1/23/2020 - Total and Tullow Oil aim to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project’s launch. The two oil and gas...
Qatar Petroleum Signs Agreement to Enter 3 Exploration Blocks
7/23/2019 - The agreement is subject to customary regulatory approvals by the government of Kenya. Following such approval, the partners comprising the consortium will consist of affiliates of each of Eni (the op...
Total to Buy Shares in Kenyan Oil Blocks from A.P. Moeller-Maersk
1/23/2018 - Total SA is to buy shares in three Kenyan oil blocks from A.P. Moeller-Maersk , the office of Kenya’s President Uhuru Kenyatta said on Tuesday. ...
Kenya Plans $1b Dual Listing of National Oil Corp by Early 2019
11/29/2017 - Kenya plans to raise $1 billion (£0.74 billion) by listing its National Oil Corporation at home and on the London Stock Exchange by early 2019, to buy a share of two oil blocks held by Tullow and its ...
Africa Oil Updates Kenya Farmout Transaction with Maersk
5/22/2017 - Africa Oil Corp. (Africa Oil, AOC) is pleased to report that further to the previously announced farmout agreement between Africa Oil and Maersk Olie og Gas A/S (Maersk) (press release 4th February 20...
Kenya Pipeline Co. Mulls Storage-Leasing Plan for Idled Refinery
7/14/2016 - State-owned Kenya Pipeline Co. said it’s considering leasing out storage tanks at the country’s only oil refinery, and isn’t currently looking at restarting fuel-processing at the idled plant that was...
Total to Buy East African Oil Retailer Gapco from Reliance
5/31/2016 - A leading retailer of petroleum products in Africa, Total is expanding on the continent with the acquisition of Gulf Africa Petroleum Corporation's (GAPCO) assets in Kenya, Uganda and Tanzania. The tr...
Africa Oil Completes Kenyan Farmout Deal with Maersk Oil
2/4/2016 - Africa Oil Corp. (Africa Oil) is pleased to report that it has completed the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S (Maersk) related to Kenyan Blocks 10BB, 13T and...
Africa Oil Receives Kenyan Government Approval of Maersk Oil Farm in
1/11/2016 - Africa Oil Corp. (Africa Oil) is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S (Maersk) has received approval from the Government of Kenya. Acc...
Simba Completes Definitive Agreement with EGME for Block 2A
12/3/2015 - Simba Energy Inc. (Simba) has executed a definitive farmout agreement (Definitive Agreement) with Essel Group Middle East DMCC (Essel Group Middle East) on Block 2A in Kenya wherein Essel Group Middle...
Africa Oil Farms-Out Kenya & Ethiopia Blocks to Maersk Oil
11/9/2015 - Africa Oil Corp. (Africa Oil) has entered into a definitive farmout agreement with Maersk Oil & Gas A/S, a Danish oil and gas company owned by the Maersk Group (Maersk) whereby Maersk will acquire 50%...
Octant Energy Acquires Assets in Tanzania and Kenya
10/30/2015 - Octant Energy Corp. (Octant) has entered into three agreements with subsidiary companies of Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania (the "Proposed Tran...
Essel Group ME to Invest into Simba's African Assets
6/11/2015 - Essel Group Middle East, has signed an Agreement to invest into Simba's exploration assets to earn a 60% participating interest in the portfolio of the African oil and gas exploration projects owned b...
Pancontinental & PTTEP Withdraw from Kenya Block L10A
6/1/2015 - Pancontinental Oil & Gas NL and its L10A joint venture partner PTTEP of Thailand (PTTEP) have issued Operator BG Kenya L10A Limited (BG) notices of withdrawal from Block L10A in the Lamu Basin offshor...
Premier Oil Exits Kenya Block 2B Joint Venture
5/28/2015 - Tower Resources plc (Tower), the AIM-listed Africa-focussed oil and gas exploration company, provides an update on the status of Block-2B, onshore Kenya. Tower has received formal notification from Li...
Pancontinental Withdraws from Block L10B Offshore Kenya
4/8/2015 - Pancontinental advises that it has served a notice of withdrawal on BG Kenya L10B Limited (BG), the only remaining participant and operator of Kenya Licence L10B (L10B), from the Joint Operating Agree...
Taipan Commences Arbitration against EAX/Afren
2/9/2015 - Taipan Resources Inc. (Taipan), has commenced an arbitration action against East African Exploration (Kenya) Limited (EAX), a [wholly owned] subsidiary of Afren Plc. This action has been filed in resp...
Swala Terminates its Arbitral Claim in Respect of Block 12B
12/19/2014 - Swala Energy Limited (Swala) is pleased to announce that, pursuant to its announcement of the 10th November 2014, it has agreed with Tullow Oil Kenya B.V (Tullow) and CEPSA Kenya Limited (CEPSA), an a...
Re-Assignment of Interests in Block 12B, Kenya
11/10/2014 - Swala Energy Limited (Swala) is pleased to provide an update following further developments in relation to Block 12B in Kenya. Swala advised the farm out of 25% of the participating interest in Block ...

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