ExxonMobil Corporation has announced that its subsidiary, Esso Exploration and Production Nigeria Limited, has commenced oil production ahead of schedule at the Erha North Phase 2 project offshore Nigeria. The Erha North Phase 2 project is a deepwater subsea development located 60 miles offshore Nigeria in 3,300 ft of water and four miles north of the Erha field, which has been on production...

A new joint-venture between Harkand a company that provides subsea capabilities and services to the energy industry and Consolidated Shipping Agencies a solely owned Ghanaian shipping company, originally founded in February 1996 has resulted in its first contract win in Ghana, West Africa. Oilandgaspeople reports The award will allow the global inspection, repair and maintenance (IRM) company...

A mission of the Monitoring Commission of the financial market of Central Africa (Cosumaf) supported by a team of consultants from the Roland Berger firm is currently in Cameroon to continue the market study on the potential of the financial market of Central Africa, launched in July. This study funded by the World Bank, as part of a project to strengthen the capabilities of the CEMAC...

Moroccan insurance company Saham Finances announced, in a communiqué published on 16th September, the acquisition of 53.6% of the capital of Continental Reinsurance PLC, a reinsurance company operating in 44 African countries. Saham, which did not reveal the cost the transaction, specified having bought a majority shareholding in the company headquartered in Nigeria from private equity firm...

In Morocco, stock breeders are poised to make a financial turnover of 10 billion dirhams by the end of Aïd el Adha which will be celebrated on 24 September. The ministry of agriculture of the kingdom indicates on this occasion that some 520,000 goats and 4.80 million sheep will be slaughtered. The Moroccan authorities also gave reassurance on the availability of this quantity of poultry and...

The Presidential Security Regiment (RSP), an elite unit which was one of the pillars of the regime of deposed Burkinabe President Blaise Compaoré, arrested, on 16th September, the transition president, Michel Kafando, the head of government and his ministers, reports Reuters agency, quoting military sources. The members of this unit burst in a cabinet meeting in Ouagadougou. “The entire...

Cameroon’s ministry of Finance just launched a call for expression of interest to recruit a consultant to audit and accompany Camair Co in drafting a restructuration and recovery plan. According to the government, the plan previously drafted in November 2013 and updated in 2014 could not be implemented up till now. However, with issues (...) piling up, the company’s whole existence is...

Cameroonian government and Korean firm Compass, signed on 5th September 2015, in Yaoundé, an agreement to establish an e-clearance system for the local customs administration, a source involved in the project revealed According to Lee Don-Hyunn, manager of the Compass firm, the e-clearance platform in which the Cameroonian customs administration is interested, is based on a set of modules that...

VAALCO Energy has recently announced that the North Tchibala 1-H well, the first development well drilled by VAALCO, has been brought online at a rate slightly in excess of  3,000 gross bo/d; approximately 750 bbl/d net revenue interest to the company. The well was drilled to a measured depth of approximately 11,160 feet, targeting the underdeveloped Dentale reservoir, which...

FAR Limited an Australia-based exploration company with assets in West and East Africa, has said that operator Cairn Energy and its Senegal joint venture partners have begun a new 3D seismic 2,603km² surveys over its Sangomar Deep, Sangomar and Rufisque permits, offshore Senegal. Energy-pedia reports The Polarcus Adira 3D seismic vessel is to secure data in the northern...