Eland Oil and Gas on Thursday announced that it is assessing its portfolio in West Africa, as a result of an interruption on one of its main fields.Output was interrupted from the Opuama field on the OML 40 licence in Nigeria, after the Forcados terminal shutdown in mid-February. The shutdown came after militants attacked the Forcados pipeline in the Niger Delta region. The Aberdeen-based firm,...

Speaking during a show broadcasted on Seneweb, Senegalese former international civil servant said no country, Senegal included, can develop while unable to make the management of its land a priority. Multinationals would thus not be a viable option for the exploitation of agricultural lands. According to Fall, illicit land grabs in Senegal hurt not only local populations but the whole economy...

The organization for economic co-operation and development (OECD) scaled down on September 21st, for the third time in the year, its forecasts for global growth for 2016 and 2017, mentioning a weakening global trade and Britain’s exit from the European Union (Brexit). The OECD now expects global economy to grow by 2.9% in 2016, thus 0.1 pt less than it did earlier in June, and 0.4 pt than at...

In Angola, all efforts seem to be put into developing agriculture. Indeed, the Angola Sovereign Wealth Fund (FSDEA) just announced an investment of $250 million to develop seven large farms. The farms will be situated in the provinces of Bié, Cunene, Malanje, Moxico, Kuando Kubango, Uige and Zaire. The fund in a statement said they will extend over 72,000 hectares which will be allocated...

Eni has increased the Baltim South West field’s potential to 1 trillion cubic feet of gas in place, after it encountered more gas on the recently drilled Baltim South West 2X appraisal well. This well came across a gas column of 102 meters in total, of which 86 meters net is in two sand layers of messinian age with excellent reservoirs. The new well has increased the gas potential of the...

Dolphinus Holdings and TAQA Arabia have requested for approval from the Egyptian Natural Gas Holding Company (EGAS) to import natural gas for the Egyptian private sector. In the interim, both companies have been granted preliminary approval for their import requests pending the time Egypt’s new gas law will finalized. According to a government official, the licences to import gas cannot be...

Reports have shown that based on current fields and development plans, Ghana could become the fourth biggest oil producer in Sub-Saharan Africa by 2020. According to Ecobank research report, once two new fields begin operation, the West African country’s total output will increase to more than 240,000 barrels per day. The report revealed that Ghana is currently in the ninth position,...

Three days after public announcement by Malian President Ibrahim Boubacar Keita for an efficient land management, the Ministry of Justice and Human Rights revealed that a meeting concerning the issue was held between the Keeper of Seals, Mamadou Ismaïsla Konaté, and his colleague, the Minister of State Domains and Land Affairs, Mohamed Ali Bathily. The news was reported by Maliactu.net. The...

Nigerian fiber optic operator, MainOne, has commissioned a new Point of Presence in Tema, Ghana. The new infrastructure will serve Tema and its surroundings and provide enterprises excellent services. For Kazeem Oladepo (picture), MainOne’s business executive for West Africa, the new telecoms infrastructure is an opportunity for Tema’s small, medium and large enterprises. “We are...

An official from Egypt’s Ministry for International Cooperation said the country was currently negotiating a $4 billion loan from China. If secured, the loan will be used to finance the national renewable energy strategy, he told Ahram Online. “China has shown readiness to provide the fund,” Shehab Marzban, the deputy minister for economic affairs, told the media. He said the...