Egypt's Ganoub El-Wadi Petroleum Holding Company (GANOPE) has initiated an international tender for oil and natural gas exploration in 10 sectors in the southern regions of the Gulf of Suez and Western Sahara. According to the Company’s chairman, Sherif Sousa, the deadline for presentation of bids is on November 30.He added that the sectors included in the bidding process are; Western Gebel el...

Legal consulting firm Norton Rose Fullbright signed with its Kenya-based homologue Walker Kontos a strategic accord to expand and reinforce its business in East Africa. “We are very happy about our alliance with Walker Kontos as it reflects the strategic importance of Africa in our global activities. Walker Kontos brings unequaled experience in the region, which will reinforce our business in...

Egypt’s deputy finance minister revealed on July 28, 2016 that a first tranche of a t least $2 billion could be obtained within the next two months, in the framework of talks to secure financial support from the International Monetary Fund. Hit by the fall in oil prices and tourism revenues plunge which is due to security concerns, the government of Egypt has developed an ambitious plan...

In a statement published on its website, non-lucrative international organization Grain denounced pressures on local communities in Congo by Feronia Inc, a Canadian firm owned in majority by European and American development banks, to abandon their right to lands. “Over the past days, Feronia Inc. has been putting a lot of pressure on local communities so that they sign a term of reference...

As they aim to facilitate the appropriation of the 98-750 law of 23 December 1998 relative to rural land, Ivorian authorities launched a sensitization campaign in villages of the Bouaké department, in the central part of the country. Addressing a group including traditional chiefs, members of villages’ committees for development and State agents, the various speakers, namely the...

On July 28, 2016, Chinese and African firms signed cooperation agreements worth about $17 billion, during the Johannesburg Summit which took place under the recent Forum for China-Africa Cooperation (FOCAC). Financial institutions namely the China Council for the promotion of International Trade (CCPIT) and these firms signed intention letters regarding 39 projects, in the infrastructure,...

SacOil has announced that it is confident that Total would launch a drilling campaign in 2017 on a resource in the Democratic Republic of Congo (DRC), after positive geophysical exploration results. The company which is the operating partner over Block III, recently concluded the procurement of 244 km of 2D seismic data over the northern part of the block. The 3 177-km² onshore acreage,...

ExxonMobil Corp. is currently in talks with Eni SpA regarding the acquisition of a minority stake in natural-gas discoveries off Mozambique. According to sources, Exxon’s Chief Executive Officer, Rex Tillerson (photo) discussed the plan with the President of Mozambique, Filipe Nyusi, last week in Maputo. ExxonMobil’s involvement would possibly fast-track the development of the liquefied...

Africa Oil Corp in its operational update on activities in the South Lokichar basin in Kenya, announced plans to restart drilling operations in the oil basin in Q4 of 2016. The drilling will commence with an initial programme of four wells with a possibility to extend this by another four wells. The first two wells will be the Etete and Erut prospects in the north of South Lokichar basin.Other...

Savannah Petroleum Plc has announced that it has about to acquire a 3D seismic data on its R3 licence area in south east Niger. According to the company, one of its subsidiaries has now signed a call-off order. The call-off order will allow the company acquire around 800 km² of 3D seismic data over a portion of Savannah Petroleum's R3 licence area.The company added that the seismic data has...