Seven Energy International Limited in its end of the year results for December 31, 2015 released on Friday announced that the overall gas delivered from the south east Niger Delta gas business increased to around 70Mmscf/d from 23 Mmscf/d in 2014. In Q4 of 2015, the company witnessed a strong achievement on gas deliveries, as December reached the year’s peak monthly average of 114 million...

Mining company Weatherly International delivered during the first quarter of 2016, 4,442 tons of copper cathode at its Tschudi mine in Namibia, 4% above the mine’s nameplate production rate of 17 000 t/yr . It achieved this production in December 2015 and studied various options to boost this capacity. CEO of Weatherly, Craig Thomas who said his firm is pleased with the consistent...

The Atoll gas find is expected to ease Egypt's 2bcf gas shortage and reduce its reliance on foreign gas imports, mostly from Algeria and Russia, GlobalData report revealed. The development project is to assist Egypt as well as control the country’s rising debt problem caused by hydrocarbon imports. BP found the Atoll field in March last year and was granted development approval by the...

In South Africa, Anheuser-Busch InBev keeps at its move to seduce South Africa’s Competition Commission (SACC) to approve its merger with SABMiller. The Brazilian-Belgian firm indeed agrees to a series of concessions to secure the deal. InBev promised to invest one billion rand to support small South African producers and not to cut jobs over five years. SA’s economic development minister...

Poly-GCL Petroleum Group Holdings has announced that it is progressing with its $4 billion project to export gas from southeast Ethiopia’s Hilala and Calub gas fields to China following a positive drilling result. The chinese company had in February said that three sets of oil and gas shows was detected from the two appraisal wells which was spud in 2015. According to Liang Jin, gas...

Puma Energy, has announced that it has officially commenced operations in Ghana. According to the company, partnering with Blue Ocean Investments for the storage business and UBI Petroleum, (now Puma Energy Distribution Ghana), on the retail side it plans to deliver quality and affordable fuel to Ghana. “Puma Energy links local demand with international supply, through investment in...

Gabon has revealed plans to return to the Organization of Petroleum Exporting Countries (OPEC) after twenty years, two OPEC sources revealed on Friday. The country, if it should comeback will be the smallest producer in the group thereby bring the total number of countries to 14 after the comeback of Indonesia last year. Gabon became a member of OPEC in 1975 and left in 1995 due to the group's...

World Bank’s president, Jim Yong Kim, on April 14, 2016, told the opening press conference of the Spring Meetings taking place in Washington DC, USA, that African nations should focus on reducing trade barriers and opening their markets to their neighbors. “One of the things we’ve learned over the years is that it’s often more difficult for countries that share border in Africa to trade...

Mining firm Sarama Resources completed the first stage of exploration campaign at its South Houndé gold mine, in Burkina Faso. Cost of the campaign was estimated at $3.5 million funded by Acacia Mining. This funding was provided in accordance with an ear-in agreement giving Acacia the right to hold up to 70% of the South Houndé project in exchange for an investment of $15 million....

In 2015, money transfers by African migrants to their region or country of origin surged by 3.4% to $35.2 billion, a report by World Bank and other development partners revealed. This sum, which includes intra-African transfers, represents 6% of total transfers by migrants worldwide to their region or country of origin. Total migrant transfers worldwide, even though down as compared to the...