Friday 25 April 2014

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


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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