Sudanese Minister of Oil and Gas, Dr. Mohamed Zayid Awad (photo), declared on Thursday that the ministry is firm about its plan to exploit the gas linked with oil production in its various fields. He declared this during a meeting with the Ambassador of India to Sudan Amrit Lugun. The minister pointed out that operating of Al-Foula Electricity Station could boost the production of electricity...

Total has announced that it has brought the Moho Phase 1b project, situated 75 kilometers off the coast of Pointe-Noire in the Republic of the Congo, into operation. According to the company, Moho Phase 1b, is in WD of 750 to 1,200 meters and has a production capacity of 40,000 boe/d. It consists of the drilling of 11 new subsea wells and the installation of the two most powerful subsea...

In Nigeria, Oriental Energy Resources Limited on Thursday revealed that it obtained full operational control of the Ebok Field from Afren Resources Limited after the execution of the field Transition Plan in August 2015. Oriental now owns the Ebok and Okwok assets with 60% equity. The company confirmed that it has been providing working capital to finance all field operations and it also...

Indonesia's President Joko Widodo plans to hold a meeting with the government of Algeria soon. According to the head of Indonesia's state oil company on Thursday, the meeting is aimed at the country buying a stake in an oil-producing block in Algeria. "We're talking with them about which blocks we're interested in acquiring," Dwi Soetjipto Pertamina's chief executive said. He added that the...

French companies have to revise their business model in Africa, a study published on December 9 by consulting firm BearingPoint says. Dedicated to opportunities offered by the African market, the sixth edition of International Development Observatory, an annual survey on development habits and practices revealed that Africa’s contribution to turnover of big French companies will increase 75%...

OPEC has revealed in its latest monthly report that its strategy might be working at last as it expects oil production from non-OPEC members to drop from 380,000 bpd to average 57.14 million per day in 2016, Engineering News reports. The group had initially predicted a decline of 130,000 bpd for non-OPEC members. Oil prices have fallen by over 60 % in the past 18 months due to global...

Soma Oil & Gas on Wednesday, announced that it has completed all its obligations under the Seismic Option Agreement (SOA), by delivering the Exploration Programme data to the Ministry of Petroleum and Mineral Resources of the Federal Government of Somalia (FGS). The company declared this at a public ceremony in Mogadishu, which marked the opening of the new office of the Ministry....

FAR Limited in its update on Thursday announced that Cairn Energy-operated SNE oil field appraisal well SNE-2 which began drilling in the Senegal Sangomar Deep Offshore Block on November 4, reached its planned TD of 2,825m TVD on December 3, 2015. Coring and wire line logging operations have also been completed on the appraisal well. According to Energy-pedia, preparations are underway to test...

As the 90-day deadline for renovation approaches, investigations have showed that none of Nigeria’s four refineries with collective capacity of 445,000 bpd have begun operations as fuel scarcity persists in the country. The refineries in Warri, Kaduna, and the Port Harcourt plant had resumed production in July 2015, after they were rehabilitated. However two were shut down in August, while the...

The European Bank for Reconstruction and Development (EBRD) on Thursday, announced that it has arranged a syndicated loan, which includes a facility of up to $170 million for Advanced Energy Systems (ADES), an independent oil services company in Egypt. This loan also includes a $25 million Islamic finance tranche provided by the Islamic Corporation for the Development (ICD) of the...