Africa's Oil, Gas and Energy News.
Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a … Read More
[twitter-follow screen_name=’oilnewskenya’] Source: Wood Mackenzie Macroeconomics: Asia’s consumers are key “The rate at which China’s economy rebalances away from investment and towards consumption will determine long-term trends in energy demand,” Cynthia Lim, … Read More
Ophir Energy has announced Kamba-1 well in Block 4 has resulted in gas discoveries of 1.03TCF in the Kamba and Fulusi prospects. The well was drilled by the Deepsea Metro … Read More
[twitter-follow screen_name=’oilnewskenya’] Solo Oil Plc has announced that it has drawn down the first US$1 million of a US$5 million 3-year debt facility secured today, and has closed a Placing … Read More
Sasol is seeking into expanding into more Eastern and Western African countries according to an interview with Reuters on Monday. The South African company earlier in the year reported it … Read More
[twitter-follow screen_name=’oilnewskenya’] Africa Oil and its partner in block 9 Marathon have announced the start of drilling of the Sala-2 appraisal well following the discovery of gas in the Sala … Read More
[twitter-follow screen_name=’oilnewskenya’] Mozambique is in the process of legislating on the liquefaction of natural gas from the rich Rovuma basin Macauhub.com reports. The legislation is expected to provide guidance on … Read More
Tanzania has announced it will be forming a special unit that will look into the country’s revenue from natural gas as the country prepares to start production in the first … Read More
[twitter-follow screen_name=’oilnewskenya’] Statoil’s net income for the second quarter has surged to $1.94 billion from the previous $692 million in the same period of 2013 with earnings per share up … Read More
The Tanzania Petroleum development corporation (TPDC) has dismissed a leaked document that shows that the East African country will lose $1 billion annually under a production sharing agreement between TPDC, … Read More
