The Nigerian National Petroleum Corporation (NNPC) has halted the supply of petrol to its depots in an effort to sidestep losses that arises due to incessant damages to pipelines which delivers products to different facilities.NNPC has also begun selling petrol in bulk to financially buoyant oil marketers instead of selling to depots where independent dealers can get their petrol supply. The...

Sound Energy on Thursday announced that it has received a non-binding Expression of Interest from the Oil & Gas Investment Fund (OGIF), in financing, constructing and operating a new pipeline linking Tendrara to the Gazoduc Maghreb Europe (GME) pipeline. OGIF is Sound Energy’s partner on the Tendrara licence. According to Sound Energy, the cost of the new Tendrara pipeline is currently...

ExxonMobil Corp. and Qatar Petroleum are currently considering the procurement of interests in gas fields owned by Anadarko Petroleum Corp. and Eni SpA, in Mozambique. According to sources, no final agreement has been reached. Discoveries in the Rovuma Basin off the northern coast of Mozambique have attracted international oil companies as the country plans one of the world’s biggest...

In Equatorial Guinea, the Ministry of Mines and Hydrocarbons has signed a Memorandum of Understanding with Shell Group to facilitate a greater partnership on various oil and gas-related projects in the country. According to the Minister of Mines and Hydrocarbons, Gabriel Mbaga Obiang Lima, the MoU will pave the way for Shell to be part of future hydrocarbons activities in Equatorial...

Stellar Diamonds, which operates the Tongo (Sierra Leone) and Baoulé (Guinea) projects generated a total of $228,000 from its latest diamond sales auction. Diamonds sold come from its Baoulé mine at an estimated average price of $72.65 per carat. The firm said the reason for this price being lower than in previous sales was the weakness presently characterizing the raw diamonds...

Agricultural production in sub-Saharan Africa should grow by 26% over the next decade. This was revealed in the OECD-FAO Agriculture Outlook 2016-2025. However, the report highlights that this production will not be enough to overcome the food deficit that the region is currently recording as demand should, in the next 10 years, soar 30%, at a rate of 3% per year. Despite this, agriculture in...

ATOS Senegal, subsidiary of French digital services which was inaugurated on June 23, 2016, in Dakar, was selected to manage Senegal’s optic fibre network. The firm beat the State IT Agency (ADIE) on this project. According to senepeople.com who reported the news, ATOS will replace Huawei in the installation of 3,000km of optic fiber which was to be done by the Chinese firm, as a result of...

“Africa is a big continent. It needs a lot of support in terms of development and infrasctures. There is a place for everyone there,” said India’s Minister of Foreign Affairs It’s in the same spirit that India’s Prime Minister will start on Thursday, a tour in Africa which includes Mozambique, South Africa, Tanzania and Kenya and which should lead to the implementation of various...

In Benin, the post and telecommunication regulatory authority (ARCEP) sanctioned MTN and Glo to pay their users FCFA176,174,848. According to beninwebtv.com which reported the news, this sum is comes as a compensation in the form of credit for the poor quality of their services noticed by regulator in May 2016.  After ARCEP took note of the issue and also of MTN and Glo failure to respect...

Algeria, due to the recent drought which it experienced, lost about a million hectares of lands used to grow cereals. “Being under water stress, more than a third of areas under cultivation was lost. So harvest will be done on two thirds of areas under cultivation, about 3.3 million hectares,” said Omar Zaghouane, director general of the Technical Instituteof Field Crops. It should be...