Gulfoilandgas.com Africa News

Algeria Sees Energy Law Amendment by End of 2018

Mon, 16 Oct 2017 00:00:00 GMT

Algeria aims to amend its energy law in 2018 as it plans to improve contract terms to attract needed foreign investment, authorities said on Monday, giving the first timeline for a much-anticipated mo...

Ocean Rig Signs Contract with Statoil to Drill in Tanzania

Fri, 13 Oct 2017 00:00:00 GMT

Ocean Rig UDW Inc. ("Ocean Rig" or "UDW"), an international contractor of offshore deepwater drilling services, has signed a new drilling contract with Statoil, for a one-well drilling program offshor...

PIC Interested in Chevron’s South African Assets

Thu, 12 Oct 2017 00:00:00 GMT

Africa’s biggest fund manager is interested in taking part in the acquisition by Glencore Plc and a group of black South African-owned companies of Chevron Corp.’s assets in the country, according to ...

Jacobs Matasis JV Wins Project Management Services Contract

Thu, 12 Oct 2017 00:00:00 GMT

Jacobs Engineering Group Inc., through its South African joint venture Jacobs Matasis (Proprietary) Limited, was awarded a two-year agreement with Sasol Group Technology for project management service...

Tullow Awarded Four Licences in Côte d’Ivoire

Thu, 12 Oct 2017 00:00:00 GMT

Tullow Oil plc (Tullow) has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks - CI 518, CI519, C...

SDX Found Gas Discovery at KSR-14 Development Well

Wed, 11 Oct 2017 00:00:00 GMT

SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its KSR-14 development well on the Sebou permit in Morocco (SDX 75% Working ...

Speedcast Wins Managed Services Contract in Equatorial Guinea

Tue, 10 Oct 2017 00:00:00 GMT

Speedcast International Limited, the world’s most trusted provider of highly reliable, fully managed, remote communication and IT solutions, has been selected to provide Middle Earth Orbit (MEO) Ka-ba...

Tower Resources Plans to Drill Thali Block in 2018

Tue, 10 Oct 2017 00:00:00 GMT

Tower Resources plc (Tower), the AIM-listed oil and gas company with a focus on Africa, is pleased to provide an update on the status of the Thali block in Cameroon.

Following a Technical ...

ONGC Videsh Expects $400m Debt Repayment from Sudan

Mon, 09 Oct 2017 00:00:00 GMT

ONGC Videsh expects Sudan to clear about $400 million owed to the state-run energy company after the lifting of the U.S. sanctions, its managing director N.K. Verma said. The past dues were relating t...

Sixteen Killed In Attacks on Remote Mozambique Port

Mon, 09 Oct 2017 00:00:00 GMT

Gun battles last week between police and attackers in a remote northern Mozambican port killed 16 people, including two police officers, local media reported. The attacks in the Indian Ocean port of M...

NNPC Denies Minister's Allegation of Poor Transparency

Mon, 09 Oct 2017 00:00:00 GMT

Nigeria’s state oil company said allegations by the oil minister that the conduct of its group managing director lacked transparency were baseless, as a public rift between the firm and the ministry w...

Rosneft Closes the Deal to Acquire a 30% Stake in Zohr Gas Field

Mon, 09 Oct 2017 00:00:00 GMT

Rosneft closed the deal to acquire a 30% stake in the concessions agreement for the development of Zohr field, the largest gas field in the Mediterranean Sea, from Italian company Eni S.p.A. ...

Sonangol to Slash Oil Production Costs with Board Revamp

Mon, 09 Oct 2017 00:00:00 GMT

Angola’s state oil company Sonangol is aiming to slash breakeven costs on new oil production to as low as $20-$30 per barrel and make its contracts more attractive to investors and oil and gas compani...

Total to Study Deep & Ultra Deep Areas in Guinea Conakry

Mon, 09 Oct 2017 00:00:00 GMT

Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea Conakry, covering approx...

Developing Countries Oil Supply - September 2017

Mon, 09 Oct 2017 00:00:00 GMT

The total oil production of developing countries (DCs) is estimated to grow by 0.09 mb/d y-o-y to average 12 mb/d in 2017, revised down by 0.02 mb/d in September compared with the previous assessment,...

Tlou Energy Commences Seismic Survey at Lesedi Project

Mon, 09 Oct 2017 00:00:00 GMT

Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), is pleased to announce that work has ...

Six Die in Accra Fuel Distribution Explosion

Sun, 08 Oct 2017 00:00:00 GMT

At least six people were killed and 35 injured, mostly suffering burns, after an explosion at a fuel distribution site in Ghana’s capital, fire service spokesman Billy Anaglate said. ...

Tanzanian President Splits Energy and Mining in Ministry Shake-Up

Sat, 07 Oct 2017 00:00:00 GMT

Tanzanian president John Magufuli split the energy and minerals ministry in two and appointed heads for the new ministries, five months after sacking the previous minister. Two presidential committees...

Total to Map Guinea Oil Blocks with Option to Acquire Three

Fri, 06 Oct 2017 00:00:00 GMT

French oil giant Total signed an agreement with Guinea’s national oil company ONAP to carry out seismic mapping of deep and ultra deep offshore blocks with an option to acquire three of them, a statem...

Eni Bets Big on Zohr Explorer Finding New Treasure

Fri, 06 Oct 2017 00:00:00 GMT

Italian oil major Eni is betting billions on Luca Bertelli being able to achieve something he’s been doing since he was nine years old: spotting things others overlook. ...