Victoria Oil & Gas has announced that its Cameroon gas producing and distributing subsidiary, Gaz du Cameroun (GDC), has started the drilling of the development wells La-107 and La-108 in the Logbaba gas field. According to the company, the wells should cost $40million and the campaign should be completed in the Q2 of 2017. Both wells are expected to be drilled directionally from a drilling...

Mozambique will hold its sixth round of oil and gas licensing round late in 2017 or in 2018, Augusto Macuvele, a senior official with Mozambique's National Petroleum Institute revealed on Tuesday, providing few details about the rounds, Reuters reports. The Southern African nation has some 85 trillion cubic feet of gas reserves, enough to supply Germany, Britain, France and Italy for nearly two...

Sound Energy in its update on its second well at the Tendrara licence area, onshore Eastern Morocco, announced that the well has been completed and an initial unstimulated, open hole well test of the first 28% of the gross reservoir interval has been performed. The Tendrara TE-7 well was drilled to a total measured depth of 3,459 metres corresponding to a vertical depth of 2,611 metres. The well...

Oando Plc has revealed that attacks on pipelines in the Niger Delta over the past year have resulted in a revenue shortfall of about $750 million across all its joint venture operations. The company has a joint venture (JV) with Energia on the Ebendo field which feed through to Forcados export terminal, with its biggest JV the Nigerian Agip Oil Company (NAOC) near the Brass terminal which...

SDX Energy and PICO Petroleum have been granted preliminary approval to extend the drilling period in South Ramadan Concession located in the Gulf of Suez by the Egyptian General Petroleum Corporation (EGPC). The extension also includes the operators spending $23m investments in the project. According to SDX Energy’s Country Director, Ahmed Moaaz, the company, in conjunction with its...

In Mozambique, Eni has announced that a final investment decision is expected from partners on the deep-water Coral South floating liquefied natural gas project by December and production will commence five years later. “The facility will have 3.3 million tonnes of LNG production comprising gas treatment, liquefaction, storage and off-loading facilities,” Luca Bertelli (photo), chief...

In South Sudan, the Ministry of Petroleum has ordered oil companies operating in the oil sector in the country, to recall all their former employees who had abandoned their jobs as a result of the outbreak of civil war on 15 December 2013. According to the Minister of Petroleum, Ezekiel Lol Gatkuoth (photo), the directive is coming in line with the presidential order which necessitated the...

The United Nations Food and Agriculture Organization (UNFAO) said Africa’s rice production should achieve a new record in 2016, soaring 4% to 29.7 million metric tons. Among countries that will pull the continent’s output up is Egypt where production restarted. There is also West Africa which should produce half of the forecast output, about 14.8 million metric tons (+4%). Yield increase in...

Business mogul Femi Otedola just exited the Nigerian club of billionaires pushed out by oil prices slump. Forbes’ recently updated billionaire list reveals that Otedola’s wealth shrank by $1.25 billion, from $1.8 billion in March 2016 to 550 million as the stocks of his company, Forte Oil, tumbled sharply. At the close of trading last October 14, Forte Oil’s shares plunged to...

The Moroccan government, in order to make property transactions safer as they are impaired by land speculation, has decided to strengthen mechanisms related to land transfer. As stated in the amended law for real rights transferred to the Parliament last October 6, all proxies (mandates) for property transfers exclusively, must from now on be established in an authenticated deed. In the case...