State oil firm, Gabon Oil Company (GOC), has signed its first oil production contract with the acquisition of the Mboumba field and hopes to make enough revenue soon, so as to compete with international firms for offshore blocks. The acquisition of the Mboumba field will mean GOC has production of around 1,500 barrels per day.“The Mboumba field... (was) signed a few days ago with the oil...

As part of efforts to ensure that Nigeria becomes a fully industrialized country by 2020, the Nigerian National Petroleum Corporation (NNPC) has said that the nation would have to boost its oil and gas reserves and produce about 15 billion standard cubic feet per day of gas. This was declared by the Group Managing Director of NNPC, Maikanti Baru, during a dinner hosted by the Nigerian...

Petrobel has announced that the plans for Egypt’s Zohr field comprises of the drilling and continuation of 20 wells, and also the installation of 20 deep wellheads underwater.Three electro-hydraulic control cables have already been installed at the field and the company plans to also install measuring, protection and controlling equipment and gas transporting networks. According to...

The South African Department of Energy has announced that the price of all grades of petrol and diesel will increase from October 5, 2016. According to the department, the price of Unleaded petrol 93 (ULP) and Lead Replacement Petrol (LRP) will rise by 44 cents per litre, petrol 95 ULP and LRP will increase by 43 cents per litre while diesel will increase by 23 cents per litre.The wholesale...

South Africa is expected to announce the selected bidders for multi-billion dollar gas-to-power projects by the end of March 2017, a government document has revealed. According to a department of energy memorandum, syndicates were asked in May 2015 to submit plans for the construction of South Africa's first liquefied natural gas (LNG) import terminal, gas-fired power plants, storage facilities...

Bowleven, on Monday announce that it has received $15 million payment under the Etinde farm-out agreement with Lukoil and NewAge. Under the terms of the agreement, Bowleven also has a $40 million net, drilling and testing carry expected to cover the company’s share of two appraisal wells on Etinde, and another $25 million cash to be received on final investment decision,...

The Nigerian National Petroleum Corporation (NNPC) has estimated a 200,000 barrels per day boost in Nigeria’s crude oil production by Q1 of 2018, with the commissioning of the Umbilical Flow-lines and Risers (UFR) for the Egina Deep Offshore Project. This was declared during the Load out Ceremony of the UFR for the Egina project by Saipem Contracting Nigeria Limited, in Port-Harcourt. The...

Dakar hosted on Sept. 27 and 28, 2016, a workshop to boost capabilities of agricultural actors. Organized by the Minister of Agriculture and Rural Equipment and UN-Women, the workshop mainly aimed to find solutions to insure equal access to agricultural lands for women. Tackling gender discrimination in Senegal where only 13% of women population has access to agricultural lands (while 50% of...

Edenville Energy raised £500,000 to advance exploitation works at its Rukwa coal project, in Tanzania. The operation was conducted through the placement of 125 million new ordinary shares at 0.4p per share, and by issuing 62.5 million warrants at 0.54p a warrant. “Our primary focus remains developing our Rukwacoal-to-power project, which will be able to fully exploit ourcoal resource, but...

The Ivorian government is about to sell its 23% stake in Sucrivoire in an initial public offering, which should get it a plus-value of 9.016 billion CFA francs, sources close to the operation said. The executive will finally dispose of 1.127 million shares, instead of 563,500 shares announced previously, each to be sold at 13,000 CFA francs. At the extraordinary general assembly held last April...