TANZANIA: Maurel & Prom S.A., Wentworth Resources Reach Agreement on Terms of a Recommended Acquisition of Mnazi Bay

Wentworth Resources plc and Etablissements Maurel & Prom S.A. (M&P) have announced that they have reached agreement on the terms of a recommended acquisition of the entire issued and to … Read More

KENYA: Kenyans Could Wait Longer for First Oil as JV Partners Seek an Extension of the Field Development Plan Review Period

Project Oil Kenya leading joint venture has called for an extension to the period earlier set for review field development plan submitted on 10th December 2021 saying this will allow … Read More

Africa Oil Reports Q3 2022 Financial Results with Record Realised Oil Price

The Company received one dividend from its shareholding in Prime for $50.0 million(1) in Q3 2022 (first nine-month 2022 total of $212.5 million). Total amount of the dividends received so … Read More

MOZAMBIQUE: Eni, CNOOC Seek Exploration Rights in the Angoche & Save Basin

International energy companies Eni Mozambico SpA and CNOOC Hong Kong Holding Limited, last week submitted proposals to explore areas under the 6th Licensing Round for the concession of areas for oil and gas exploration … Read More

MOZAMBIQUE: First LNG Cargo Departs from Coral Sul FLNG, Offshore the Rovuma basin

Eni, as Delegated Operator of the Coral South project on behalf of its Area 4 Partners (ExxonMobil, CNPC, GALP, KOGAS and ENH), informs that the first shipment of liquefied natural … Read More

Glencore fined $314M for ‘Highly Corrosive’ and ‘Endemic’ Corruption in 5 African Oil States

Glencore Energy UK Ltd will pay £280,965,092.95 million (over 400 million USD) after an SFO investigation revealed it paid US $29 million in bribes to gain preferential access to oil … Read More

UGANDA: EACOP Provides transitional support to Project Affected Persons

The East African Crude Oil Pipeline (EACOP) Ltd, has provided transitional support in form of food baskets to eligible Project Affected Persons (PAPs) as a short-term measure to support their … Read More