UGANDA: Tullow completes $575 million sale of Uganda assets to Total

Tullow Oil  has announced that the sale of its assets in Uganda to Total has completed with $500 million consideration received earlier today. Tullow is also due to receive a … Read More

BEAC must reconsider its new Forex regulation to save jobs in Gabon, Cameroon, Republic of Congo, Equatorial Guinea, Central African Republic and Chad

On March 1st, 2019, a new Foreign Exchange Currency Regulation was adopted by the members of the Economic and Monetary Community of Central Africa states – CEMAC. These member states, … Read More

Are African Development Bank (AfDB)’s financing policies climate-friendly?

(By Wangeci Migwi, Amy Giliam and Nicole Rodel) With the climate crisis threatening over half of the global GDP, there can be no business-as-usual when the world begins to plan … Read More

Nigeria’s Changing Legal Regime: Is Africa’s Biggest Oil Producer Finally Within Reach of a New Oil Law?

By NJ Ayuk, Executive Chairman, African Energy Chamber  This week, the African Energy Chamber will publish a report outlining its short-term predictions for the continent. That report, Africa Energy Outlook … Read More

Searcher announces 2D and 3D seismic project Offshore South Africa

Searcher has announced a new multi-client 2D and 3D seismic rectification project Offshore South Africa, in collaboration with the Petroleum Agency of South Africa. The South Africa seismic data covers … Read More

Shell Ventures into Two Existing Blocks in South Africa

Impact Oil and Gas has entered into an agreement with BG International Limited, a wholly owned subsidiary of Royal Dutch Shell plc  for the farm-out of a 50% working interest … Read More

MOROCCO: Chariot Oil & Gas Receives EOI from Africa Finance Corporation for Debt Finance for the Anchois Gas Discovery

Chariot Oil & Gas Limited  has received a non-binding Expression of Interest Letter (EOI) from Africa Finance Corporation (“AFC”), a pan-African Multilateral Development Financial Institution, for the provision of development … Read More