The American trade corporation, ERHC announced that preliminary analysis of the Tarach-1, situated in Kenya's Block 11A, drilling results reveals encouraging information for further exploration.
Capital investment in the oil and gas industry in sub-Saharan Africa has witnessed a cut by $100b over the next five years, according to Wood Mackenzie’s latest report on upstream activity.
More than $1b in debt and financing commitments from US agencies and private investors under Africa energy initiative, Power Africa, have been finalized.
The International Monetary Fund cut its economic growth forecast for sub-Saharan Africa this year by 1.25 percentage points as plunging oil prices force exporters to curb spending plans.
APR Energy (LSE: APR.L) has signed 106 MW of contract extensions in Sub-Saharan Africa, including an extension on its 40 MW Morro Bento power contract in Angola, taking its term into early 2016.