Moves to shore up Nigeria’s oil reserve through the exploration of new frontiers by the government has paid off as 21 out of the 23 oil wells drilled so far by the Nigerian National Petroleum Corporation (NNPC) had oil in commercial quantities. This is coming after President, Muhammadu Buhari, two months ago directed the NNPC to escalate search for oil in the north-east. According to a report...

Tlou Energy, has announced that it has received a preliminary Independent Reserve Certification from SRK Consulting for the Lesedi CBM Project situated in the prospecting licence PL002/2004 in Botswana. According to the company, the plan is to continue to build reserves and upgrade the category of the reserves as further production data from Lesedi is obtained. It added that the initial...

South African-based independent oil and gas company, SacOil has announced that it has entered into a settlement agreement with Nigdel United Oil Company Ltd regarding the latter’s legacy involvement in Oil Prospecting Licence (OPL) 233 in Nigeria. According to SacOil, after the consideration of the independent legal and financial opinion provided till date, both parties have decided to...

After fighting over citruses, Rabat and Brussels are about to go at it again as the European commission plans to pass a new law to cut phosphate imports by the European Union (UE). The European Union, based on scientific research on cadmium (a metal known to be contained in phosphate) which found it is carcinogenic, decided to reduce its fertilizer and phosphate imports. Brussels aims to lower...

On October 9, 2016, which was the World Post Day, Ivorian minister for Post and Digital Economy, Bruno Nagbagné Koné told local posts of the importance of adopting digital technology. According to the official, not doing so given the actual global digitalization context would lead to no good place.  He thus urged Ivorian postal companies “to go beyond their traditional mission that is...

Isabel dos Santos (Photo), daughter of Angolan president, Jose Eduardo dos Santos, was just elected president of the general assembly of the Petro de Luanda football club, one of the country’s most popular clubs. Founded in 1980, Petro de Luanda is led by a management team and the general assembly.  Aside football, the club which is sponsored by the state-run oil company Sonangol,...

Emirati airport operator Abu Dhabi Airports announced on October 11, it signed with Seychelles’ authorities an agreement to develop and modernise the Mahé international airport. “Our goal is to help build a passenger terminal which will meet the best international standards,” said president of Abu Dhab Airports, Ali Majed al Mansoori, at a joint press conference with Seychelles’...

Tunisian gas and power company (STEG) signed with Korean International Cooperation Agency (KOICA) an agreement to conduct feasibility study for solar plants which are to be developed in the southern part of the country. The study will cost $1.7 million. With an individual capacity of 50 MW, the plants total 300 MW and will be constructed in Medenine, Tataouine, Gafsa, Kebili, Djerba and...

Gold miner Avocet Mining with operations in West Africa has entered a conditional joint-venture (JV) agreement with Moroccan firm Managem to develop its Tri-K project in Guinea. “We have been looking to raise financing for the Tri-K project for some time during a difficult period for the mining sector as a whole as well as for Guinea in particular (including the ebola crisis), and we are...

Algeria's Sonatrach has granted JGC Corp. a $1.4 billion contract to increase production at its biggest gas field in Hassi Rmel.This is the second contract for JGC this year, Reuters reports. The first contract involved the boosting of output at Algeria's biggest oil field in Hassi Messaoud, awarded in March for $339 million.The Engineering Procurement and Construction (EPC) contract...