East Africa
News
December 15, 2017
Sudan lost three-quarters of its oil reserves when the south seceded in 2011. A four-year civil war in Africa’s youngest nation may be letting it reassert control.
News
December 13, 2017
ExxonMobil announced today the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25% indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations.
News
December 06, 2017
Eni, together with its Area 4 Partners, announces that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of $4,675,500,000.
News
November 08, 2017
The 2017 exploration and appraisal drilling campaign concluded following the drilling of the Amosing-7 appraisal well. The PR Marriott Rig-46 has been demobilized. Two discoveries were made during the campaign.
News
November 06, 2017
South Sudan’s newest oil and gas entrant Oranto Petroleum has begun its exploration program through an agreement with BGP Inc. South Sudan. The deal comes just eight months after Oranto signed its exploration and production sharing agreement (EPSA) with the government, and kicks off its three-year first exploration commitment period.
News
November 03, 2017
China Poly Group plans to start exporting natural gas from Ethiopia’s eastern Ogaden basin by mid-2019 as it continues to explore near the border with Somalia, Petroleum Minister Motuma Mekassa said.
News
November 01, 2017
The oil and gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators.
News
November 01, 2017
The African oil industry met this week to discuss the potential, but also the challenges, that the industry faces as the continent moves towards the commercialization of its huge gas and oil reserves.
News
October 20, 2017
Libya's oil production has increased steeply from August 2016’s low point of below 300,000 bpd to around 850,000 bpd at present, passing the 1-MMbpd barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.
News
September 27, 2017
The International Monetary Fund recently stated that the oil reserves in Uganda may account for around 4% of the country’s economy annually in the next few years if managed well.
News
August 31, 2017
CGG announces that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender process held by INP in 2016.
News
August 30, 2017
Baker Hughes, a GE company (BHGE), has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique, underlining the company’s position as the world’s first and only integrated fullstream provider of products, services and digital solutions that maximize productivity, efficiency and cost reduction.
News
August 07, 2017
Libya’s biggest oil field Sharara is “back to normal” after a disruption caused by protests, the country’s National Oil Corp. said.
News
July 31, 2017
Anadarko Petroleum Corp. has announced that it had finalized two agreements with the Government of Mozambique – together known as the "marine concessions" – which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique.
News
July 28, 2017
Africa Oil Corp. has provided the following update on its operations in Kenya.
News
July 18, 2017
MODEC, Inc., has announced that SOFEC, Inc., a MODEC Group company, has been awarded the turret mooring system supply contract for the Coral South Project by the joint venture consisting of TechnipFMC and JGC Corporation.
News
June 30, 2017
Libya's oil production has risen to 1.012 MMbopd, a Libyan oil industry source told Reuters on Friday, topping 1 MMbpd for the first time in four years.
News
June 28, 2017
Libyan oil shipments are poised to hit their highest level in at least three years in the latest sign the North African country is managing to sustain a production revival.
News
June 26, 2017
Aker Solutions was awarded a contract to deliver three umbilicals and associated equipment at Eni's Coral South project, Mozambique's first offshore field development.
News
June 21, 2017
A central Ethiopian region that’s seen almost two years of sporadic anti-government protests is planning a new private oil company and is in talks to import Middle Eastern crude, part of an economic initiative authorities say will address some of the roots of the unrest.
News
June 16, 2017
South Sudan’s government will commission an audit of national oil production and petroleum industry activities, the Ministry of Petroleum announced today. The Ministry invites companies to bid on a public tender to perform the audit and produce a 2017 audit report on the industry.
