Eni’s CEO Claudio Descalzi (photo) has said that he is hopeful about the company’s chances of selling more stake at its Mozambique gas field this year.The company has two integrated LNG projects in the country; the offshore Area 4 and the smaller Coral field. The company expects the final investment decision (FID) for the Coral field this year, after which the Mozambican authorities and the...

In its 2016 global report on information technologies entitled “innovation in digital economy”, the World Economic Forum assessed countries that integrate ICTs in their socio-economic development. Integration relates to the use of ICTs by the government, companies and populations. In Africa, Mauritius, though 49th in the world, remains the most advanced. The island is followed by South...

The Libyan Petroleum Facilities Guard (PFG) has announced that they are working with the country’s unity government to reopen oil fields that have been shut down.This is coming after the rival National Oil Companies (NOC) announced their decision to merge, in order to restore order to the industry. The PFG guards Libya’s oil facilities and has also been in control of two of Libya’s major...

Sound Energy in its operational update on the Tendrara licence area, onshore Morocco announced that upon the completion of the first Tendrara well (TE-6) on June 6, 2016, it has forged ahead with rigless operations (Coiled tubing, slickline and snubbing activities) on the well. The TE-6 well was drilled to a measured vertical depth of 2,665 metres and came across about 28 metres of net gas pay...

In Nigeria, the ongoing strike action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has affected loading from most depots in Lagos and these depots are likely to run out of fuel soon, Punch news reports. This industrial action which began last week’s Thursday has reduced loading at Apapa oil depot, due to the absences of staff of the Petroleum Equalisation...

Shell Petroleum Development Company (SPDC) has revealed that only 25% of the Nigeria’s gas reserves are being utilized, even though the country has proven reserves of 181 trillion standard cubic feet. According to the Managing Director of Shell Petroleum Development Company (SPDC) and Country Chair of Shell Companies in Nigeria, Osagie Okunbor (photo), this is as a result of some of the...

In Mauritius, earnings from sugar production should grow by 25% this year from 8 billion rupees, in 2015, to 10 billion rupees. The increase will result from a good harvest and high prices for sugar. “We believe that the ton of sugar will increase from 2015’s 13,166 rupees to 15,000 rupees this year. As for output, it should reach 400,000 tons against 366,000 tons last year,” said Devesh...

In Mozambique, output from the Cahora Bassa hydropower dam was reduced as water level in its reservoir came down. The reduction which will be effective until December 2016, will decrease power produced by the plant’s five generators from 415 MW to 365 MW each thus bringing its total capacity to 1,825 MW. According to the firm operating the plant, this measure will help keep the lake’s...

Miner Burey Gold which runs the Giro gold project, in DR Congo, raised $11.6 million by placing 215,000 shares at 5.4 cents per share. The firm said it will use the proceeds of the fundraising to advance exploration at Giro. An RC (reverse circulation) drill rig was mobilized to conduct infill drilling at the Kebigada prospect in order to define a maiden inferred mineral resource at the...

Djibouti has invested $20 million in fruit imports from Uganda. “My government has set aside $100m specifically to import fruit products from within the region but we decided that Uganda gets part of this deal so that the farmers can benefit directly from this venture,” said Muhammad Majyambere, the Djibouti consul to Uganda. After welcoming the initiative, the members of the...