The government of South Sudan through the Ministry of petroleum has extended the oil exploration and production licenses by five years for three multinational companies as it seeks to boost production.
London listed firm Ophir Energy, with its local venture partners BG Tanzania, Shell and Pavilion have announced the completion of drilling of two exploration wells offshore Tanzania well within set timelines.
Distributors of petroleum products and petrol station owners have launched a campaign against contraband fuel in Tunisia.
The government of South Sudan has announced measures it says will seal gaps occasioned by drops in the production of oil resources.
Oil and gas multinational BP has been ordered to pay National Bank of Abu Dhabi over $68 million following the abrupt closure of SAMIR, Morocco’s sole refinery in August 2015.
Oil and gas powerhouse GE Oil& Gas has announced an expansion of its services facility in Egypt with an additional 2,00 square metres in the industrial free zone bringing its space to 5,000 square metres.
The Malawi Energy Regulatory Authority, MERA has revised the price of fuel upwards in a move that has been greeted by criticism by both businesses who cite the already higher fuel charges.
Victoria Oil and Gas PL has spudded two development wells at its Logbaba gas field in Cameroon.
The Egyptian General Petroleum Corporation (EGPC) has signed a partnership agreement with Kuwait Energy for the Seba gas field located in southeast Basra, Iraq. The agreement stipulates that EGPC owns 15% of this field.
Oil industry player Hashi Energy has entered into a $140 million deal SS Lootah, a Dubai venture firm allowing it to move into the supply of food to the military and non-governmental institutions in the Democratic Republic of Congo.
Oil marketer Vivo Energy Kenya has opened the largest diesel storage capacity by any one oil marketer in the country as it seeks to support the growing retail business.
Shell has announced plans to start oil exploration in Tanzania in the course of this year. According to its partner Ophir Energy, the program will cost $20 million and will comprise two wells on Blocks 1 and 4
Egypt has entered into a partnership with Cyprus for transportation of gas from the exclusive economic zone, EEZ, in Cyprus to LNG terminals in Egypt as Egypt looks to bolster domestic demand in its power stations.
The government of Tanzania is exploring the possibility of setting up an oil trading hub in Tanga, the north sea port city with a view to supplying fuel to East and Central Africa.
Kenya has set June 2017 as the month it will start exporting oil with oil and gas exploration company Tullow Oil confirming that it will start oil production in March next year.
Erin Energy Corporation has announced the Island Constructor light well intervention (LWI) vessel (the vessel) has departed Skalevic, Norway and is en route to the Oyo field, offshore Nigeria.
Maersk Oil has agreed to acquire half of Africa Oil Corporation’s shares in three onshore exploration licences in Kenya and a further two in Ethiopia.