Kenya will need to focus on providing a competitive and stable fiscal environment if it is to fully exploit its offshore gas industry and attract investors ahead of Mozambique and Tanzania, says an analyst with research and consulting firm GlobalData. Reece Straker, GlobalData’s Upstream Oil & Gas Analyst, states that while Kenya is currently behind Tanzania and Mozambique in terms of discoveries, exploration interest has increased.... Read more »

Posted on : Friday , 31st October 2014

 Africa-focused oil & gas company Wentworth with exploration and drilling operations in the Rovuma Onshore Concession in northern Mozambique has announced that the Tembo-1 exploration well has reached a depth of approximately 2,965 meters in Cretaceous age rocks.   This is short of the programmed drilling to the Jurassic at a total depth of 4,397 meters or 4,250 meters True Vertical Depth Sub Sea and hence is expected to continue.... Read more »

Posted on : Friday , 31st October 2014

      Algiers — The national hydrocarbon group SONATRACH will carry out first offshore drilling by the end of 2015, announced Wednesday its interim CEO, Said Sahnoun, at the signing ceremony of contracts of the 4th invitations to tender for hydrocarbon explorations.   SONATRACH, which stepped up its exploration operations, "intends to drill its first offshore well by the end of 2015," said.... Read more »

Posted on : Friday , 31st October 2014

        SWALA Energy has announced that its seismic survey being carried out in the Kilombero Basin has provided the first evidence of multiple structures - a "string of pearls"- along the western basin boundary.   "These early results of the Kilombero seismic survey are particularly exciting and the similarities with the Lokichar Basin are extremely encouraging given the enormous success that has.... Read more »

Posted on : Friday , 31st October 2014

      The International Finance Corporation (IFC), a lending arm of the World Bank, has pledged US$ 600m to fund an oil pipeline in East Africa. The funding is part of a US$1.8bn loan for projects in the Horn of Africa.   The oil pipeline is expected to link up upstream operations in Kenya, Uganda and South Sudan. A statement by the bank indicates that the investments will aid expansion of agribusiness, processing and.... Read more »

Posted on : Friday , 31st October 2014

      In Angola VAALCO Energy entered into the Subsequent Exploration Phase (SEP) on Block 5 together with its working interest partner, Sonangol P&P. The SEP extends the exploration license for an additional three-year period such that the new expiry date for exploration activities is November 30, 2017. Under the terms of the SEP, VAALCO and Sonangol are required to acquire a 3D seismic program covering 600 sq km and to.... Read more »

Posted on : Wednesday , 29th October 2014

The Dubai-based Tristar liquid logistics company in the United Arabs Emirates will supply petroleum products to the conflict-ridden Central African Republic within the framework of its humanitarian missions. The intervention of the United Arabs Emirates company will be thanks to a partnership agreement it signed with the Central African Republic affiliate of the Cameroon petroleum products distribution company Tradex on September 26 in.... Read more »

Posted on : Wednesday , 29th October 2014

      Cap Energy has informed that it is working to progress its interests offshore Guinea-Bissau, West Africa, by conducting a 3D survey scheduled for November, 2014.    Sitting in the same basin as the Company’s Senegal assets, the prospective leads are distributed across a carbonate shelf that passes abruptly to deeper water to the west.   As the deepwater geology of Cap’s Block 5B is analogous.... Read more »

Posted on : Wednesday , 29th October 2014

 National Petroleum (NP), a 100% privately own Sierra Leonean firm, has opened one of its station in Buchanan, Grand Bassa County. The opening ceremony took place on Tuesday, October 28 where the Managing Director, Mr. Mohammed S. Kanu, assured the people of Grand Bassa that his company is there to stay. The Buchanan filling station is NP's 6th station in the country and the first outside the capital, Monrovia.   "NP is here to.... Read more »

Posted on : Wednesday , 29th October 2014

    President of Ghana, Mr. John Mahama, while responding to questions on the economy at the Global African Investment Summit in London, said the country is working hard to court more private investors to shore up local production of gas to solve the country’s power crisis.   He said this will end the country’s over-reliance on the West African gas pipeline which has been inconsistent with supplying gas to the.... Read more »

Posted on : Wednesday , 29th October 2014

      MULTINATIONAL oil and gas companies operating in Tanzania are waiting for a government approval on their proposal for a suitable location for a liquefied natural gas (LNG) plant.   According to the BG Group's External Communications Manager, Mark Todd, BG Group and Statoil had sent to the government a joint proposal on the suitable site for the plant. " ... the Tanzania government requested BG Group and.... Read more »

Posted on : Wednesday , 29th October 2014

 BG and BP are in talks that could lead to the kick-start of production at the feedstock starved Idku LNG plant operated by BG. The talks between the two British firms revolve around linking their respective gas developments offshore Egypt’s Mediterranean coast. Egypt’s state-run firm in charge of natural gas is also reportedly involved in the talks with BG and BP. BG is looking at connecting its infrastructure at the WDDM gas.... Read more »

Posted on : Monday , 27th October 2014