Lomé-based Airlines Asky should, starting from July 2016, start serving New-York, USA, three times a week. This will be possible with the support of its strategic partner and majority shareholder Ethiopian Airlines which, as needed, will make available one of its big Boeing 787. The firm added that its Boeing 737-800, it announced a few months back, will soon be operational and fly the...

Erin Energy in its operation update announced that its Oyo field in Nigeria has witnessed a boost in production and an increase in income for Q1 of 2016. At the beginning of May, the company announced that it had been able to resume oil flow from the Oyo-8 well which had halted flow as a result of a technical fault on the sub-surface controlled sub-surface safety valve (SCSSV). The Island...

Eni has announced that the data from well test on the Nora field located West of Abo Madi revealed that there might be gas in the area. According to Eni’s Chief Exploration Officer, Luca Bertelli, new data from the field revealed that there is a possibility that a huge amount of gas is present in the concession area.The company had performed two exploitation of natural gas in the Noras field...

Independent Resources in its operational update on the Ksar Hadada hydrocarbon exploration permit, onshore Tunisia announced that the Comité Consultatif des Hydrocarbures (CCH) has approved its call for an extension on the permit till August 6, 2017. The company had submitted a proposal for an extension of the Ksar Hadada permit to CCH on April 21, 2016 as the initial extension expired last...

The Nigerian National Petroleum Corporation (NNPC) has finalized plans to relinquish 5,000 km pipeline network, 21 petrol storage depots and nine Liquefied Petroleum Gas (LPG) depots to private investors to upgrade, operate and secure under a Joint Venture model. NNPC has invited interested firms to bid for the assets which has been divided into seven segments for easy operation. Some of these...

Africa Oil Corp., has announced that an independent assessment of its contingent resources in the South Lokichar Basin situated in Blocks 10BB and 13T in Kenya, discovered estimated gross of 1.63 billion BO worth $73 billion in reserves. According to the company, the amount is 26% higher than initially estimated. “South Lokichar may contain as much as 1.63 billion barrels of gross oil...

“Secure access to land and effective awarding of 30% of plots in hydro-agricultural spaces”. Those are the main claims of rural women in Burkina Faso who are leading the “Rural women for a Burkina without hunger” campaign. During the elections in November 2015, these women got from the country’s six political parties, including the one actually ruling, to commit to implement a set...

ASX-listed mining junior, Oklo Resources will raise $AU10 million ($7.3 million) to advance exploration at its gold projects in Mali. Fundraising will be done through the private placement (no broker) of 79.9 million shares, at 12.5 cent a share. The company announced that share placement will be done in two tranches. First tranche includes placement of 40 million, under the firm’s...

Namibia’s public power utility NamPower, finalized with its South African counterpart Eskom, an agreement for the supply of 200 MW. This was announced by NamPower’s managing director Kahenge Simson Haulofu. “Any additional supplies that may be requested will be negotiated as part of the-ahead market established under the Southern African Power Pool, and can be sourced from any utility...

Swiss group Glencore is in talks to sell 9.9% in its agricultural unit. The move comes few weeks after the group sold 40% stake in its activities to Canadian pension fund CPPIB for $2.5 billion. The new sale which should bring the firm about $625 million will be conducted with firms beaten by CPPIB last month (April 2016). Now, the battle will oppose the Saudi Agricultral and...