Oryx Petroleum not fruitful in Congo Brazzaville

The Jasper Explorer Drillship spudded the H-1 well targeting the Horse prospect (formerly Ma) in early September and reached a total depth of 5,522 metres in late November. The well was drilled in 1,038 metres of water 80 kilometres offshore Congo (Brazzaville) in the western portion of the Haute Mer A license area. Primary targets were the …

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Duma merges with Hydrocarb Energy Corporation

Duma Energy Corp. has announced it has signed a Definitive Stock Exchange Agreement with Hydrocarb Corporation whereby 100% of all the outstanding stock of Hydrocarb will be acquired by Duma. Duma’s board of directors approved the acquisition and the agreement was signed on November 27, 2013 after receiving an independent oil resource estimate for its oil and …

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3rd Annual East Africa Oil & Gas Summit 2014 Set For Dar Es Salaam

Tanzania will In March 2014 host the East Africa Oil and Gas summit in Dar es Salaam that is meant to discuss the developments, challenges and opportunities of the oil and gas sector in East Africa. The event that will both have a conference and exhibition will discuss current and future oil and gas developments …

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Statoil makes another high-impact natural gas discovery offshore Tanzania

Statoil and co-venturer ExxonMobil has today announced its fifth discovery in Block 2 offshore Tanzania. The discovery of an additional 2-3 trillion cubic feet (Tcf)* of natural gas in place in the Mronge-1 well brings the total of in-place volumes up to 17-20 Tcf in Block 2. Mronge-1 is drilled by the drillshipDiscoverer Americas, and …

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Bowleven’s oil exploration survey in Kenya’s Block 11B encouraging

Bowleven plc an independent exploration and development company with interest in Kenya and Cameroon has announced that it a survey carried over block 11B shows positive signs. A communication from the company today said it had almost completed the airborne geophysical survey (FTG) over Block 11B is now largely complete and initial findings were that …

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Bowleven gets Zambia exploration blocks

Following participation in the recent Zambian license round Bowleven has been notified by the Ministry of Mines, Energy and Water Development that bids for exploration blocks 25, 28 and 29 have been successful. Following this notification, and as part of the formality of the award process, we have now applied for the Petroleum Exploration Licenses …

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Ophir contemplates $1.3bn Tanzania offshore blocks sale to Pavilion

Story by: The East African – Shareholders of oil and gas explorer Ophir Energy will in the next two weeks in London vote on whether the company should sell a 20 per cent stake in three key blocks off the shore of Tanzania to Singapore based Pavilion Energy. The London Stock Exchange (LSE) listed company …

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Placing Economic Value on Africa’s Natural Resources – UNEP

African Ministers and Experts Spotlight Efforts to Incorporate Natural Wealth Accounting in Development Planning. Wealth accounting and the valuation of ecosystem services are critical to Africa’s future growth, as the continent undergoes unprecedented development. Projections point, for example, to broad-based acceleration in growth in Sub-Saharan Africa to around 5.5 per cent in 2013-2014, reflecting robust …

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Turkana elders want Kenyan government to subdivide oil land

Story by: Daily Nation – Clan leaders in Turkana want the government to subdivide land in an area where a British company is exploring for oil. The residents argue that this will avert land disputes in the region, which has seen an influx of land buyers after Tullow Oil announced it had discovered the black …

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Uganda to receive $100 Billion From Oil

Story by: East Africa Business Week Uganda will earn close to $100 billion as its potential share of oil resources, a Tullow Uganda Country Report released last week shows.The Country Report indicates that once production begins, the government’s potential share will be $50 billion representing about 80% of the oil revenues after exploration costs are …

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