Genel is planning to drill a well on the SL10B13 block, in which it has a 51% stake and is the operator.
The Somali president has approved Coastline Exploration to move ahead with its plans for the country, following a tumultuous electoral period.
Somalia has the potential to be a major province, writes Arabey Hashi Abdi, with a population that is eager to seize the opportunities of new investment.
The Somali Petroleum Authority (SPA) has come out swinging against analysis of its production-sharing agreement (PSA) terms in a Voice of America (VOA) article.
A US company claims to have signed up exploration acreage offshore Somalia but is now facing opposition from the presidency and the Auditor General.
The International Court of Justice (ICJ) has found in favour of Somalia in a ruling on maritime boundaries in the Indian Ocean.
Somalia has denied reports that the resumption of diplomatic relations with Kenya stems from an oil-sharing agreement on the offshore.
Somalia and Kenya have restored diplomatic ties, following Qatari mediation.
Somalia has severed diplomatic ties with Kenya, after the latter deepened ties to Somaliland.
Somalia has announced the appointment of six independent directors to the board of the Somali Petroleum Authority (SPA).
Somalia’s cabinet has approved the members of the Somali Petroleum Authority (SPA).
Somalia is preparing for a bid round covering seven blocks in its offshore with the official opening due on August 4.
Somalia has reached an “initial roadmap” with a Shell and ExxonMobil joint venture on offshore exploration.
Somali President Mohamed Abdullahi Farmajo has ratified the country’s Petroleum Law.
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
Somalia is taking steps to attract foreign investment to its energy sector but challenges remain, most notably in how the federal government can integrate its policies with those of the state governments.
Families of the eight Sri Lankan crew members held captive by Somali pirates on an oil tanker have pleaded for the men to be released unharmed, while the pirates demanded a ransom.
Sterling Energy made a loss after tax of $1.6million in the third quarter of 2015, as production from its main Mauritanian asset began to decline.
Soma Oil & Gas has called for a meeting with the United Nations (UN) to discuss allegations regarding its dealings in Somalia. The move comes after the company became the subject of a criminal investigation by the Serious Fraud Office (SFO) in relation to alleged corruption. Soma, which is chaired by former Conservative Party leader Michael Howard, wants to arrange talks with UN Security Council Committee chairman Rafael Dario Ramirez Carreno.