#block 3a

[oilnewskenya]

Vanoil Energy reviews company operations to focus on Kenyan case

Vanoil Energy reviews company operations to focus on Kenyan case

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Last week Vanoil Energy announced that the board of directors has instructed management to conduct an immediate review of all Company operations as it shifts its priority aggressively pursue its legal arbitration claims against the Republic of Kenya.

As a result the goal is to eliminate non-essential costs, dispose of non-productive assets and secure sufficient funding to…

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[oilnewskenya]

Vanoil seeks $150 million in suit against the Government of Kenya

Vanoil seeks $150 million in suit against the Government of Kenya

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Vanoil Energy Ltd. has commenced an international arbitration against the Government of Kenya after the minister for Energy James Chirchir declined to renew the company’s exploration licenses citing speculation.

In the suit Vanoil seeks to resolve a dispute arising from the government’s (Respondent) breach of the Production Sharing Contracts for Blocks 3A and 3B.Vanoil says…

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[oilnewskenya]

Vanoil Energy to proceed with arbitration after loss of Kenyan blocks 3A and 3B

Vanoil Energy to proceed with arbitration after loss of Kenyan blocks 3A and 3B

Vanoil Energy has provided an update on the ongoing negotiations with the Kenyan Government with respect to the extension of Vanoil’s Production Sharing Contracts over Block 3A and Block 3B, onshore Kenya.

Vanoil has decided to proceed with a formal demand for arbitration in accordance with the UNCITRAL arbitration rules adopted by the United Nations Commission on International Trade Law as per…

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[oilnewskenya]

Kenya’s parliament backs Vanoil Energy license cancellation

Kenya’s parliament backs Vanoil Energy license cancellation

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The energy and transportation committee has backed the decision to terminate the oil exploration license of Vanoil Energy in January this year.

In a report tabled in parliament the committee says the Canadian company was unable to explore any oil in the country after it ran into losses.

The committee through its vice chairman John Munuve also said that the company’s inability…

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