Monday 29 December 2014
 
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EAX

Dubai's EAX steps up Seychelles exploration

Dubai-based East Africa Exploration (EAX) and partner Britain's Avana Petroleum have started a second seismic survey of part of the Seychelles' seabed estimated to hold more than one billion barrels of oil. The oil and gas explorat

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EAX to sign oil deal with Seychelles

Dubai-based East African Exploration (EAX) will sign a production agreement this week with the Seychelles for a largely overlooked area of ocean the company thinks could hold billions of barrels of oil. EAX chief executive Jeff Hume said t

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