The Independent Petroleum Marketers Association of Nigeria (IPMAN) in the Western zone, today reaffirmed its commitment in working with the federal government in ending the ongoing fuel scarcity affecting the country. According to IPMAN, the association is prepared to load fuel from the Nigerian National Petroleum Corporation (NNPC)’s fuel depots and distribute to various filling...

Simba Energy has announced that it plans to begin seismic program on its Block 2A in Kenya in early 2016 and it is presently coordinating with Essel Group its new partner. The seismic will include the acquisition and interpretation of up to 500 line km of 2D seismic data. The seismic data is aimed at identifying possible locations at Block 2A, where the company can drill initial exploration...

Sterling Energy Plc in its update on the Ntem Concession, offshore Cameroon, noted that it was conscious of the fact that the country’s state-owned Société Nationale des Hydrocarbures (SNH) on its website included a map signifying that the concession is an open block. (http://www.snh.cm/Appel_Offre/Blocs-Promotion-Bassins-Rio-Del-Rey.pdf) According to Energy-pedia, Sterling Energy plc...

Activities has commenced on Cepsa and ERHC Energy’s Tarach-1 well on Kenya’s Block 11A in anticipation of drilling programme to be performed by the end of Q1 of 2016 and a drilling service contract has been awarded following a tender. The block also witnessed logistics operations before drilling commences. The Tarach-1 well situated in the central part of the Tarach Basin, is demarcated by...

Lekoil Limited has announced that it has agreed to purchase Afren’s 22.86 % interest in the OPL 310 block which holds the Ogo discovery, offshore Nigeria, Offshore Energy Today reports. Under the agreement, Lekoil is to pay $13 million for the deal. Meanwhile, Lekoil through its subsidiary Mayfair Assets and Trust, holds a 17.14% participating interest and a 30% economic interest in...

Zambia is planning to sign with China, investment and loans agreements of up to 1 billion dollars, at the 6th Forum on Sino-Africa Cooperation (FOCAC) which will be held from 2 December to 5 December at Johannesburg, Reuters reported, citing the spokesman of Zambian president, Amos Chanda. The agreements include infrastructure projects such as roads, railways, power plants as well as investments...

The renowned American fast-food chain Burger King has chosen Ivory Coast as its starting block for its journey to Africa’s conquest. The company indeed announced it would partner with Servair which will run a 90m2 restaurant in Carrefour’s first mall in sub-Saharan Africa. With this, Burger King now steps out of its South African cocoon. However, it must highlighted that the fast-food’s...

Roch Marc Kaboré, candidate of the People's Movement for Progress (MPP), has been elected new president of BurkinaFaso after the first round with 53.49% of votes, according to provisional results announced on 1st December by the National Independence Commission (NIC/CENI). His main challenger, Zéphirin Diabré, who was the flag bearer for the People's Union for Change (UPC), came in second...

Despite a challenging environment, foreign investments in Tunisia have reached 1.865 billion dinars (903 million dollars) during the first ten months of 2015, recording an increase of 19.1% compared to the same period of 2014. The information has been released by the foreign investment promotion agency (FIPA). The agency noted that the flows are spread between foreign direct investments (FDI)...

Towards addressing the growing energy demands in the country, the Republic of Mozambique’s Pipeline Investments Company (Rompco), has today revealed plans to expand the 865km gas pipeline which conveys gas from Mozambique to South Africa. This expansion plan requires the installation of a pipeline similar to the previous one from scraper station 1 (STS1). The pipeline is about 128km from the...