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...

“Denis Sassou N’Guesso, a life at the service of Congo”. This is the title of a documentary which will be released on November 2015. The film is a production from Central African journalist Georges Adrien Poussou, former minister of Communication, now fallen into disgrace in his country. The title of the documentary says everything on the direction chosen by the author. He defends the...

The Office of the President of Mali announced, on 24th September, a cabinet reshuffle marked in particular by the changes at the key offices of Security and Justice. Colonel Salif Traoré is thus appointed minister of Security and Civil Protection in replacement of Sada Samaké. Judge Sanogo Aminata Mallé succeeds Mamadou Diarra at the head of the department of Justice and Human...

The Cameroonian government in its mid-year review of budget implementation, reported 221.6 billion for its 2015 oil revenues (end of June) against 221.6 billion FCFA for the same period last year. An expected consequence of global oil crisis, these revenues are 58 billion FCFA less than last year’s and are 123 billion FCFA lower than the amount forecasted for 2015 (344.8 billion FCFA for the...

The Group Managing Director, Obijackson Group and Chairman of Neconde Energy, Dr Ernest Azudialu-Obiejesi, has announced that some aboriginal firms are targeting between 90,000 and 100,000 barrels of oil per day in the next five years, Energymix reports. The Obijackson Group owns Nestoil and Neconde Energy, the operator oil mining lease (OML) 42, which has a joint-venture with the...

The Cameroonian government in its mid-year review of budget implementation, reported 221.6 billion for its 2015 oil revenues (end of June) against 221.6 billion FCFA for the same period last year. An expected consequence of global oil crisis, these revenues are 58 billion FCFA less than last year’s and are 123 billion FCFA lower than the amount forecasted for 2015 (344.8 billion FCFA for the...

South Africa has just announced the reopening of its market to beef imports from France. The information was revealed in a communiqué jointly signed by the South African State Secretary in charge of Foreign Trade Matthias Fekl and French Minister of Agriculture Stéphane Le Foll (photo). The ban remained in place due to risks linked to the mad cow disease. It is however worth noting that the...

The Regulatory Authority for Electronic and Postal Communications (ARCEP) of Benin has been preparing since 15 September 2015 to introduce mobile number portability in the country. It was on this date that the Telecom Regulator officially launched the study relating to this revolution in the national telecom sector, in the company of representatives of telecom operators. As the result of the...

VAALCO Energy has declared the coming online of its first development will in the North Tchibala 1-H well offshore Gabon. The well which was brought online at a rate slightly in excess of 3,000 bpd of oil, leading to about 750 bpd net revenue interest to VAALCO, was drilled to a measured depth of approximately 3,400 metres in the undeveloped Dentale reservoir. The Dentale formation is...

The Group Managing Director, Nigerian National Petroleum Corporation, (NNPC) Dr. Ibe Emmanuel Kachikwu, has said that the corporation would urgently embark on a transparency operation to regain its lost credibility.He said the transparency operation would start with an audit of the corporation’s finances, which was last audited in 2010‎ adding that the corporation’s finance would not only...