Erin Energy on Wednesday announced that an Island Constructor light well intervention (LWI) vessel has left Skalevic, Norway and is heading to the Oyo field, offshore Nigeria. According to the company, the vessel is to be used for LWI service on the Oyo-8 well. The well has been obliged by the inability of the sub-surface controlled sub-surface safety valve (SCSSV) to open after a prearranged...

Forte Oil has announced plans to raise about $503 million to increase its operations in Nigeria, and will request its shareholder’s approval at the annual general meeting on April 26, 2016, Reuters reports. According to the company, the fund might be raised via the issuing of rights, bond, share offering or through global depository receipts. “The capital raising is part of our...

Bowleven, in its operational update announced that extended well tests has been concluded on the Moambe and Zingana wells in Cameroon and have been postponed awaiting ongoing assessment. The company said negotiations have begun with potential gas off takers and a Memorandum of Understanding (MOU) has been signed with ENEO. Bowleven also announced that two appraisal well locations has been...

Zambia’s currency, the Kwacha, surged 1.3% on Wednesday March 30, 2016 traded at $11.1 after Mopani Copper Mines’s parent company, Glencore Plc, announced it will invest $1.1 billion to rehabilitate three of its mines. The Swiss miner thus scaled up $150 million the $950 million investment it announced in October 2015. The statement announced a new offer for more...

In Tunisia, the High Independent Audiovisual Communication Authority (HAICA) fined MFM Radio with 50,000 dinars ($24,853). The private media was sanctioned for illegally airing its programs in Sousse. The communication authority backed its decision saying MFM’s licence does not cover Mahdia. “By continuing airing in Sousse, MFM has been categorized as a station with no authorization to...

Zambia will add 420 MW to its grid this year, according to its National Development Agency. The additional capacities will come from a 300M MW coal-fired power plant and a 120 MW hydroelectric plant. “The 300 MW from the Maamba Collieries Coal fired Power Project will be made available in mid-year 2016,” said Partick Chisanga, director of Zambia Development Agency. “The idea is to have a...

In Nigeria, the power crisis, be it electricity’s or oil’s, could lead banks to bankrupcy. This is, according to Vanguard, the concern of Adeola Adenikinju, university professor and director of Centre for Petroleum, Energy Economics and Laws (CPEEL). “If nothing is done there is that possibility of banks going bankrupt. Some of the banks are exposed to the energy sector, oil sector and...

Mali’s Ministry of Mines announced on Tuesday that the Morila gold mine will close in 2019, six years later than initially planned, as its reserves prove greater than anticipated. Morila which is owned by Rangold Resources, AngloGold Ashanti and Mali’s government, produced since its opening in 2000, 209 tons of gold. “The remaining reserves were larger than we thought. Research is under...

Gabon’s Minister of interior, decentralization, security and public hygiene, Pacôme Moubelet-Boubeya, received on March 29, 2016, Helmut Kulitz, head of European Union’s (EU) delegation to Gabon who came to reiterate the availability of his institution, to assist the country through the elections this year. Kulitz told Mr. Moubelet-Boubeya that the EU was not trying to interfere in...

“Communication across cultures”. This is the theme of the coming World Public Relations Forum which will take place in Toronto, Canada, from May 29 to May 31, 2016. A session on communication trends in Africa has been planned for the event. Hosting the session is South African public relations expert and principal consultant with VMA Group Global, Daniel Munslow. VMA Group Global is a...