Angola is still maintaining its status as Africa’s top oil producer, five months after it over took Nigeria in spite of the 147,400 barrels per day increase in the latter’s production. According to the Organization of Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report for August, crude oil production from Nigeria was at 1.527 million bpd in July compared to the 1.379...

The Organization of Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report on Wednesday increased the global oil demand outlook by 30,000 barrels per day. According to the group, World oil demand growth in 2016 is expected to average 1.22 million bpd, about 30,000 bpd higher while oil demand outlook for 2017 will increase by 90,000 bpd to 95.41 mln barrels per day. Non-OPEC oil...

Tanzania and a consortium of oil majors, have revealed plan to invest $30 billion in the construction of a gas processing plant that will lead to an economic revolution.According to the country’s Energy Minister, Sospeter Muhongo, the government had already commenced the first phase of work and Tanzanians should expect swift growth in a few years. Tanzania’s Petroleum Development...

The Union des Associations et des Coordinations d’Associations pour le Développement et la Défense des Droits des Démunis (UACDDDD) of Mali has organized on August 1, 2016, as part of pilot phase of its project for a sensitization campaign on land securing issue (supported by German NGO Bread for the World), a workshop to present national authorities harmonized syntheses of usages and...

Nigeria and Spain have voiced their readiness to strengthen their bilateral trade ties in every sector of the Oil and Gas Industry, the new Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Kachalla Baru (photo, right), revealed. He stated this during the visit of the Spanish Ambassador to Nigeria, Alfonso Barnuevo (photo, left), to the NNPC Towers in...

In Cote d’Ivoire, Botro’s Departmental Director for Agriculture and Rural Development, Kotchily Gnuan revealed in Bouaké last Friday (Aug 5, 2016) that only 2% of rural lands across the nation has an ownership title. “We have 23 million hectares of lands in Cote d’Ivoire however, since enacting the law on rural land (Act N° 98-750, 23 December 1998) only 2% of these lands has a title of...

Sound Energy on Monday announced that it has made a significant gas discovery and a potential single gas column at its Tendrara licence, onshore Morocco. The company before now announced that the first Tendrara well, TE-6, was spud to a measured vertical depth of 2,665 metres and came across the top of the structure and approximately 28 metres of net gas pay. Sound added on Monday that it has...

The Norwegian Investment Fund for Developing Countries (Norfund), the Netherlands Finance Development Finance Company (FMO) and Dutch bank Rabobank have teamed up to establish a new African investment firm named Arise. Through the new institution, the three European finance institutions will support around ten African banks. With $660 million of assets, Arise will start operating on...

Aiming to mitigate land conflicts in Cote d’Ivoire, the Ministry of Agriculture announced the upcoming establishment of a rural land agency (AFOR). Actually, the decree allowing the establishment of the agency has already been adopted in a council of ministers. Dedicated to mitigating, and eliminating even, land-related conflicts, the new agency will, according to website Koaci, be “in...

As part of efforts to link new fields to the gas hub at Hassi R'Mel, Algeria has signed contracts for the construction of a new 9.4 Bcm/y pipeline that will increase the country’s internal gas transportation capacity by 18.3 Bcm/y by 2019. Algeria is making efforts to increase gas production at new fields so as to balance the growing output at its Hassi R'Mel field, even though projects have...