Oil & Gas

Africa Energy signs farmout agreements with Azinam and Panoro for Block 2B off S. Africa

Feb 25, 2020

Africa Energy Corp has announced the execution of two farmout agreements whereby the Company will transfer an aggregate 62.5% participating interest in the Exploration Right for Block 2B offshore South Africa in consideration for a carry through the next exploration well, Gazania-1, which is expected to spud by the end of 2020. Africa Energy will…

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Sudan’s Ministry of Energy signs agreement with Schlumberger International

Feb 25, 2020

The Ministry of Energy and Mining has signed an agreement with Schlumberger International to develop the oil and gas sector. The Minister of Energy and Mining Eng. Adel Ali said that the agreement is considered to open up cooperation horizons with Schlumberger International for the development of the oil and gas sector by increasing exploration,…

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Africa focused Kosmos plans to leverage its oil revenues to develop more gas projects

Feb 25, 2020

Kosmos Energy CEO Andy Inglis has announced that the company’s short-term oil production will be used to finance new natural gas projects in the medium and long term. The company thus marks its desire to focus its activities on natural gas which, despite the drop in prices at the moment, has become more profitable than…

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Aminex announces corporate and operations update in Tanzania

Feb 25, 2020

Aminex has announced the following update regarding the Company’s ongoing operations in Tanzania and other corporate matters. Highlights: APT and Aminex have agreed that upon completion of the Farm-Out and the transfer of operatorship to APT, they will seek permission from the Joint Venture and the Tanzanian authorities to move the contingent elements of the…

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Earthmoves completes evaluation of the 2020 Senegal Licence Round

Feb 24, 2020

Earthmoves has completed an evaluation of the 2020 Senegal Licence Round, which is the latest update to their Central Atlantic Digital Atlas. This multi-client study summarises the geology and hydrocarbon potential of the MSGBC basin and the 12 Senegal blocks on offer are described and ranked. Ian Davison, Managing Director of Earthmoves said: ‘In recent…

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18,000 Metric Tons of petrol ready for distribution in Liberia

Feb 24, 2020

The Ministry of Commerce and Industry says a verified quantity of 18,000 (eighteen thousand) metric tons of gas, representing 6.3 million gallons will fully be distributed to the public for consumption. According to a Commerce Ministry release, the queues at filling stations will disappear today, Monday, February 24 and Tuesday, 25th February, as efforts to…

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IEA appoints first Africa Programme Manager to coordinate work on energy issues across the continent

Feb 24, 2020

The International Energy Agency (IEA) (IEA.org) hired Maximilian Jarrett as its first Africa Programme Manager to help expand the Agency’s reach and coordinate its work as it deepens its engagement across the continent. Mr Jarrett brings 30 years of experience in the fields of international economic affairs, media production and strategic communications. He most recently…

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Fuel supplies improving countrywide in Zimbabwe

Feb 24, 2020

Fuel supplies started improving yesterday as more service stations received deliveries or were told they were scheduled for a delivery very soon after the Reserve Bank of Zimbabwe (RBZ) released foreign currency to enable oil companies access fuel stocks that were already in the country. In Harare, service stations started the day dry, with the…

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Turkey moves to explore oil, gas and mining opportunities in Somalia

Feb 24, 2020

The Turkish government is moving to exploit oil, gas and mining prospects in Somalia by establishing a mechanism that will allow both private and state-owned companies to explore energy opportunities in the country, which is strategically located in the Horn of Africa. A memorandum of understanding (MoU) between Turkey and Somalia on comprehensive energy and…

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Half of SADC population using open fires to prepare meals – Energy Minister

Feb 24, 2020

The energy sector is undoubtedly the key enabler of economic development in the region, Energy Minister Fortune Chasi said. “Any slackening in the provision of power and petroleum products or services will result in stagnation or regression in the region’s economy,” he said. “The region thrives on its historical dependence on each other to the…

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