Oil & Gas

Angolan Petroleum Minister strategizes on gas monetization

Apr 25, 2019

In a recent interview with Petroleum Africa, Angola’s Minister of Petroleum, Dr. Diamantino Azevedo, discussed gas monetization in the southern African country. According to H.E. Azevedo, over the years Angola had previously somewhat missed out on the opportunity that its natural gas resource offers. “The country currently produces about 3 billion cubic feet a day of…

Read More

TransGlobe Energy announces operations update in Egypt, others

Apr 24, 2019

TransGlobe Energy has announced its Q1 operations update. All dollar values are expressed in US dollars unless otherwise stated. UPDATES Production averaged ~15.9 MBoepd in Q1 2019 (January ~15.8 MBoepd, February ~15.0 MBoepd and March ~16.9 MBoepd) versus 15.3 MBoepd in Q4 2018; Drilled 2 oil wells (M 10, NWG 38A8) and re-entered/deepened 2 water disposal…

Read More

Zimbabwe’s industries receiving 80% fuel requirements

Apr 24, 2019

Industrialists say fuel availability has improved “significantly” in the last few months since Government took the bold decision to adjust the price upwards, with indications that the manufacturing sector is getting up to 80 percent of fuel for their operations without hassles. Government reviewed fuel prices on January 12 following incessant demand both from locals…

Read More

London to arbitrate East African oil pipeline project rows

Apr 24, 2019

The UK will host arbitration talks in case of disputes arising out of the East African crude oil pipeline project, ending months of haggling between the governments and oil companies. Arbitration was one of the issues that were deferred during a technocrats meeting held in Kampala in January. “Arbitration is now agreed,” said Peter Muliisa,…

Read More

South Sudan’s investment drive takes off in South Africa

Apr 24, 2019

South African and African private sector participants have an amazing opportunity to invest in South Sudans’ peace and make huge profits. This week the African Energy Chamber will join Hon. Nhial Deng Nhial, Minister of Foreign Affairs and International Cooperation and Hon. Salvatore Garang Mabiordit, Minister of Finance and Planning, South Sudan’s global investment drive…

Read More

Maurel & Prom sees production up in Gabon, down in Tanzania

Apr 24, 2019

Maurel et Prom increased production to 25,636 boepd in the first quarter of 2019, the company said last week. This is an increase of 8% from the fourth quarter of 2018. Production in Gabon reached 24,666 bpd, of which 19,733 bpd was net to Maurel, in the first quarter. This was an increase of 18%…

Read More

Angola looks to recover with oil block tender, new refineries

Apr 24, 2019

Africa’s second-biggest oil producer looks to benefit from a surge in crude prices that could boost companies’ appetite for investments with an auction of nine blocks this year and seeking new refineries. The tenders for the offshore areas are part of efforts to lure back global explorers that cut spending after crude crashed in 2014,…

Read More

Upland Resources announces update in Tunisia, others

Apr 23, 2019

Upland Resources has provided an update on its current activities. Tunisia Upland’s wholly-owned subsidiary Upland (Saouaf) is the Operator of the highly prospective 4,004 km2 Saouaf Permit area, onshore Tunisia, following recent approval from the Hydrocarbon Consultative Committee (the ‘HCC’) of the Government of Tunisia. The Company reports that it has received several unsolicited approaches for farm-ins to the Saouaf…

Read More

Malawi consumer association pleads for MERA’s openness on fuel pricing

Apr 22, 2019

The Consumers Association of Malawi (CAMA) says Malawi Energy Regulatory Authority (MERA) should make sure that it is open to the public on how it comes up with prices for various fuel products. Kapito: Mera should be open CAMA Executive Director, John Kapito said many fuel consumers are always left in the dark with regard…

Read More

Ghana saw economic growth slowdown in 2018 as oil expansion cooled

Apr 21, 2019

Ghana’s slower economic growth in 2018 beat the International Monetary Fund’s forecast, and may set the scene for the West African economy to expand the fastest in the world this year, as the lender predicted last week. Gross domestic product expanded 6.3 percent last year, Samuel Kobina Annim, government statistician at the Ghana Statistical Service,…

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...