Business

Water deal crucial for Kenya oil project might slip into third quarter: Tullow

A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country’s only oil project, may be slightly delayed to the third quarter, a Tullow executive said on Friday. Tullow, with partners Total and Africa Oil, is working towards a

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Tanzania and Barrick Gold reach final operating agreement

The Barrick Gold Corporation has negotiated a deal to end the dispute between its subsidiary Acacia Mining and the Tanzanian government. Under terms of the deal, Barrick will pay Tanzania $300 million (USD). As part of another deal reached previously, Tanzania gets a 16 percent stake in three gold mines the company operates in the

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Turkey to begin oil and gas drilling off Cyprus ‘in coming days,’ FM Çavuşoğlu says

Turkey will begin drilling for oil and gas near the island of Cyprus in coming days, Foreign Minister Mevlüt Çavusoğlu said Thursday. Turkey and the internationally recognised Greek Cypriot government have overlapping claims of jurisdiction for offshore oil and gas research in the eastern Mediterranean, a region thought to be rich in natural gas. “In

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Ethiopian PM holds talks with President of Somaliland Administration

Ethiopian Prime Minister Abiy Ahmed received at his office today the leader of the Somaliland Muse Bihi Abdi and his delegation. The two parties discussed and agreed on a number of key points including strengthening their people to people relations; ensuring the wellbeing of Ethiopians in Somaliland and working in unison on matters of peace

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Three Conservatives quit party in protest at “disastrous Brexit”

British Conservative Party MPs Heidi Allen, Anna Soubry and Sarah Wollaston attend a news conference in London, Britain February 20, 2019. REUTERS/Henry Nicholls Three members of parliament from Britain’s governing Conservatives quit over the government’s “disastrous handling of Brexit” on Wednesday, in a blow to Prime Minister Theresa May’s attempts to unite her party around

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Saudi prince foresees ‘good things’ with India on visit overshadowed by Kashmir

Photo Reuters India rolled out the red carpet for Saudi Arabia’s Crown Prince Mohammed bin Salman on Wednesday at a time when it is trying to build diplomatic support against Pakistan following a militant attack in the disputed region of Kashmir. The crown prince this week was given a lavish welcome in Pakistan where the

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Burundi calls for urgent summit over Amisom troops pullout

President Pierre Nkurunziza has called for the African Union to urgently convene a meeting of the countries contributing troops to the African Union Mission in Somalia (Amisom) to review the decision to withdrawal its soldiers. The President made the remarks after a closed door meeting between President Mohamed Abdullahi  of Somalia at State House Bujumbura

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Spectrum weighs in Somalia-Kenya diplomatic row

Federal Government of Somalia, hosted a successful promotion of the Somalia Offshore Round at the Somalia Oil and Gas Conference. During this successful promotion, no exploration blocks were auctioned. Spectrum Geo Limited signed a Co-Operation Agreement with the Federal Government of Somalia, in Mogadishu in September 2015, in order to acquire 2D multi-client seismic data

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Somalia President receives warm welcome in Burundi

The President of the Federal Republic of Somalia, H.E. Mohamed Abdullahi Mohamed, met with Burundian H.E. President Pierre Nkurunziza at the airport . President Mohamed and Burundi’s President Pierre Nkurunziza will discuss strengthening and developing relations between the two countries and enhancing the security cooperation. Burundi is one of the countries contributing to peace and

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Seven lawmakers quit UK Labour Party citing Brexit ‘betrayal’, anti-Semitism

Britain’s Labour Party MPs Ann Coffey, Karin Smyth, Chris Leslie, Chuka Umunna, Gavin Shuker and Luciana Berger leave a joint news conference after their announcement they are leaving the party, in London, Britain, February 18, 2019. REUTERS/Simon Dawson Seven Labour lawmakers quit Britain’s main opposition party on Monday over leader Jeremy Corbyn’s approach to Brexit

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