The government of the Democratic Republic of Congo announced, on 26th September that its plans were for an economic growth of 9% in 2016 against the 8.4% forecast for 2015. This projection is part of a presentation for the Finance bill for 2016. “To reach [its] economic goals”, the government indicates, without adding more details, that it is “considering a set of measures” intended to...

The Burkinabe transition government announced, on 25th September, the dissolution of the Presidential Security Regiment (RSP), which had executed the coup d’état of 17th September. This decision was taken during the cabinet meeting following the putsch. The political parties and civil societies insisted on the dissolution of RSP since the fall of Blaise Compaoré in October 2014. But the...

RoyalGate Energy, an Africa-focused independent oil company with assets in Equatorial Guinea and Ghana, has revealed that it is  planning to drill the Z-1 well in Block Z located in Guinea, in Q1 of 2016. The drilling program is planned to target the Tulip Upper Isongo and Tulip Massive Isongo zones. EnergyBusiness Review reports The company expects the Block Z, which is located to the...

The ministry of Energy and Mineral Development (MEMD) has revealed plans to open up another oil basin in the country, almost ten years after it hit its first well in the Albertine basin. Frank Mugisha, the acting commissioner in charge of exploration in the Petroleum Directorate, said the country was going to start exploring for oil in Lake Kyoga (picture) in central basin and Moroto-Kadama...

Noble Energy a Houston, Texas oil and natural gas exploration and production company will plug and abandon its Cheetah exploration well offshore Cameroon after finding both crude oil and natural gas shows in multiple non-commercial reservoir sands. Oilandgaspeople reports The company recently announced that Cheetah exploration well in the Tilapia license offshore Cameroon reached the targeted...

Bowleven, the Africa focused oil and gas exploration group traded on AIM, has declared that Moambe, the second well in a two exploration well programme, has been drilled to its planned total depth of 1,769 metres measured depth as well as the completion of its wireline logging.  Hydrocarbons were found in Paleocene (Tertiary) aged target reservoir intervals and detailed log evaluation...

Noble Energy a Houston, Texas oil and natural gas exploration and production company will plug and abandon its Cheetah exploration well offshore Cameroon after finding both crude oil and natural gas shows in multiple non-commercial reservoir sands. Oilandgaspeople reports The company recently announced that Cheetah exploration well in the Tilapia license offshore Cameroon reached the targeted...

Bowleven, the Africa focused oil and gas exploration group traded on AIM, has declared that Moambe, the second well in a two exploration well programme, has been drilled to its planned total depth of 1,769 metres measured depth as well as the completion of its wireline logging.  Hydrocarbons were found in Paleocene (Tertiary) aged target reservoir intervals and detailed log evaluation...

Towards an announcement made on the 10th of August 2015, Beach Energy  an Australian-based company engaged in oil and gas exploration, development and production, entered into an agreement with Rockhopper Exploration an AIM listed oil and gas exploration company based in the UK in relation to the sale of its wholly-owned affiliated company,Beach Petroleum (Egypt), whose...

Sound Oil PLC, an oil company listed in London with assets in Italy and Morocco, announced, on 24 September in its unaudited interim report for the six months ending on 30 June, its change of name to Sound Energy PLC, with effect from 1st October. The change aims to "better reflect our increasing focus on gas", explained Simon Davies, Chairman of the oil and gas company with activities centred on...