India eyes Tullow Oil stake in Turkana for Sh356.5bn
Bloomberg news agency reported from India that ONGC Videsh and Indian Oil Corp may acquire the stake for between $2 billion and $3 billion.
Source: businessdailyafrica.com
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Counties 'ill-equipped' to deal with pollution by oil exploration
Counties lack staffing and resource capacity to manage hazardous waste from oil and gas exploration activities, a new report has shown.
Source: businessdailyafrica.com
After Tullow, Africa Oil now runs out of Turkana project cash
Canadian oil explorer Africa Oil, which holds a 25 percent stake in Turkana exploration venture, has run out of cash to fund production in South Lokichar Basin.
Source: businessdailyafrica.com