Africa
Sunbird Energy Buys Stake in Ibhubesi Gas Project Off South Africa
Southern Africa gas explorer and developer Sunbird Energy Ltd has executed an agreement to acquire a 76% interest in the 870 Bcf (2C) Ibhubesi Gas Project offshore west coast South Africa for an initial purchase price of US$1.5 million. The acquisition, when completed, will provide Sunbird with a 76
France Telecom-Orange Launches ACE Submarine Cable in First 13 Countries
France Telecom-Orange and the other members of the Africa Coast to Europe (ACE) consortium announced in a ceremony held in Banjul, The Gambia, that the ACE submarine cable is now operational for the first phase linking France and Sao Tomé & Principe. The cable, which will extend as far as South Afri
OSIL Monitors Environmental Concerns in Kenya’s Lake Victoria
OSIL recently completed the installation of two data buoys along Lake Victoria in Kenya to help manage the local environment monitoring various environmental concerns including hyacinth menace and contamination of the lake water. In addition to monitoring atmospheric components of the lake, such as
Chariot’s CEO Steps Down
Chariot Oil & Gas Limited, the Africa focused oil and gas exploration company, has announced changes to and a re-organisation of its Board. All of these changes are made with immediate effect. Paul Welch has stepped down as Chief Executive Officer (“CEO”) of Chariot and will leave the Company to pur
ConocoPhillips Sells Nigerian Business for $1.8 Bln
ConocoPhillips yesterday announced it has entered into agreements to sell its Nigerian business unit for a total of $1.79 billion plus customary adjustments. ConocoPhillips has entered into agreements with affiliates of Oando PLC to sell its Nigerian business unit. This includes two offshore propert
Gasol of UK Issues Shares
Gasol plc, the West African energy development company, announced that it has agreed to issue 1,117,837 ordinary shares in the Company at 13.6p per Share to Erasmus Advisory Services Limited in settlement of advisory services provided to the Company by Erasmus in connection with its Benin LNG Import
Brenham Oil & Gas Signs PSC for Block Offshore E. Guinea
Brenham Oil & Gas Corp., a subsidiary of American International Industries, Inc., announced that it has executed a Production Sharing Contract with the Government of Equatorial Guinea in West Africa. Pursuant to the terms of the Agreement, Brenham received a 15% participating interest in newly-creat
ConocoPhillips to Sell Nigerian Business Unit
ConocoPhillips said it has entered into agreements to sell its Nigerian business unit for a total of $1.79 billion plus customary adjustments. ConocoPhillips has entered into agreements with affiliates of Oando PLC to sell its Nigerian business unit. This includes two offshore properties consisting
Statoil Makes Another Discovery Offshore Tanzania
Statoil announces that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania. The Statoil-operated Lavani-2 well successfully appraised the Lavani-1 discovery reservoir in the Palaeogene. When deepening the well to the second target, a separate and
PTTEP, Partners Award Mozambique LNG FEED Contracts
PTTEP AI (a subsidiary of PTTEP) and its joint venture partners have awarded Front End Engineering Design (FEED) contracts for both onshore LNG (liquefied natural gas) construction and offshore installation for its newly acquired block “Rovuma Offshore Area 1” in Mozambique which contains the vast n
Statoil Stikes Gas Offshore Tanzania
Statoil of Norway said that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania. The well was drilled by the drillship Ocean Rig Poseidon. The Statoil-operated Lavani-2 well successfully appraised the Lavani-1 discovery reservoir in the Palaeogen
Statoil Finds More Gas Offshore Tanzania
Statoil today announces that the Lavani-2 exploration and appraisal well has resulted in a new natural gas discovery offshore Tanzania. The Statoil-operated Lavani-2 well successfully appraised the Lavani-1 discovery reservoir in the Palaeogene. When deepening the well to the second target, a separa