Oil & Gas

S. Africa agrees to process some oil and gas exploration licences

Nov 29, 2018

South Africa will relax a moratorium on gas and oil exploration licences implemented earlier this year to allow exploration and production applications already in the system to be granted, a government minister said on Thursday. ‘This amendment will ensure that applications currently in our system are processed and granted,’ Mineral Resources Minister Gwede Mantashe told…

Read More

Fuel queues build for fourth day as Sudan capital’s stations run dry

Nov 29, 2018

Long queues have formed in front of fuel stations in Khartoum as well as other large Sudanese cities, for the fourth consecutive day. Some stations have stopped working completely due to lack of fuel. Many vehicle owners have stressed that petrol has been scarce in most pumps in the capital except for government pumps for…

Read More

Zimbabwe’s Finance Minister says govt on top of fuel situation

Nov 28, 2018

The Zimbabwean Government is arranging enough financing for the supply of fuel and the temporary stock-outs in the country will end in the next few days, Finance and Economic Development Minister Professor Mthuli Ncube said yesterday. Fielding questions after yesterday’s Cabinet meeting, Prof Ncube said Government was on top of the situation. Some service stations…

Read More

Cameroon’s COTCO could double oil pipeline flows by 2022

Nov 28, 2018

The managing director of the Cameroon Oil Transportation Company (COTCO), Johnny Malec, said the volumes of crude transported through the pipeline could double by 2022. An increase in crude being shipped through the pipeline would be a boon for Cameroon’s economy. The increase in production would come for new operators that have arrived in Chad…

Read More

Africa LNG looks set to boom as floating projects slash time to market

Nov 27, 2018

Africa is on the cusp of a liquefied natural gas boom. That’s in part due to accelerating global demand. It’s also down to a fast-track method of getting the fuel to market. Kosmos Energy Ltd.’s project in Mauritania and Senegal, set to get the go-ahead next month, will use a floating vessel to convert gas…

Read More

Egypt says U.S. oil firms attracted to offshore projects

Nov 27, 2018

Egypt sees increasing interest from U.S. energy companies in developing its offshore oil and natural gas resources and expects them to participate in two bidding rounds due before year-end, Petroleum Minister Tarek El Molla said. Egypt has emerged as an attractive destination for foreign energy firms following a string of major discoveries in recent years…

Read More

AAOG announces resumption of drilling at its Tilapia site in Republic of Congo

Nov 27, 2018

Anglo African Oil & Gas, an independent oil and gas developer, has announced that drilling operations have now recommenced on well TLP-103C at its Tilapia site in the Republic of the Congo. Following an unscheduled rig inspection by AAOG staff on site where an issue was detected on the elmagco brake system, drilling was suspended to…

Read More

Strata-X receives Serowe CSG project environmental approval in Botswana

Nov 27, 2018

Strata-X Energy, has received final approval of its Environmental Management Plan (EMP) covering the Company’s original permits over 273,000 acres. With the approval of the EMP, the Company can now move forward with its 2019 2-well drilling campaign on its 100% owned, Serowe CSG Project. The Company holds 4,784 KM2 (1,173,000 acres) over the Serowe CSG…

Read More

Angola’s President says he does not see oil prices rising beyond $100

Nov 26, 2018

Oil is unlikely to return to levels much above $100/bbl and current prices are making it difficult for major producers such as Angola, according to the country’s president. Joao Lourenco made his comments over the weekend, following a week of near-panic in the oil market. Brent crude, the global benchmark, plunged 6.1% to a one-year…

Read More

Equatorial Guinea lauds TechnipFMC and Schlumberger on local content compliance

Nov 26, 2018

The Minister of Mines and Hydrocarbons has commended international oil services companies Schlumberger and TechnipFMC on their proactive measures taken to comply with Equatorial Guinea’s local content regulations. “Both Schlumberger and TechnipFMC have a long history of working in our country, and their recent engagement with local companies, commitment to train, develop and promote our…

Read More

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...