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Page : 1972 - Results of 19711 to 19720 from 22621 Results

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10/06/2016
In Nigeria, one of the two key pipelines that conveys the Bonny light crude grade for export has been shut down following the discovery of a leak on the pipeline. This is coming after the completion of the Nembe Creek Trunk line that also transport the country’s main export grade. Sources have said that Bonny Light production from the Aiteo field was also increasing following the reopening of...
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10/06/2016
The Niger Delta Avengers on Friday claimed responsibility for an attack on Agip’s trunk line in Bayelsa state in Nigeria. According to the group in a tweet, the Obi Obi brass trunk line is Agip's main crude oil line in Bayelsa.“It is good as foreign refineries stop buying Nigeria oil because the Nigeria state has been robbing the Niger Delta of her oil and gas. We will inform the...
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10/06/2016
South African Tiger Brands has announced that is sold its 51% stake in East Africa Tiger Brands Industries (EATBI), in Ethiopia, to its partner EAG for an undisclosed amount, Reuters reports. According to Tiger Brands’s management that said the price offered by its partner for the stake was “fair and reasonable”, the deal does not mean that it is exiting the Ethiopian market....
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10/06/2016
Dubai-based firm, Gajah Investment Group which has signed with the Guinean government an agreement to develop the South Boffa bauxite mine, is presently seeking an $8 billion funding for the project. The firm’s co-founder, James Tounkara, said negotiations are ongoing with potential investors for contracts to sell the mine’s output. China should be associated to the project. Also Gajah...
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10/06/2016
Morocco’s Office National des Hydrocorbures et des Mines (ONHYM) has set a deadline in August for the exploration of the acreage in the Gharb Centre area of the greater Gharb basin in the northern portion of the country. According to ONHYM, companies interested in exploring Morocco’s Gharb Center area should start making arrangement for their bids as its data room will be opened from July 1...
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10/06/2016
SacOil has been granted an eight month extension to its existing licence term for the onshore Block 1 which is situated in the northern part of Malawi, The expiry date for the extension is now on August 12, 2017. This extension gives the company the greenlight to forge ahead with the completion of its commitment for the licence. The work program for the block includes the procurement of infill...
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10/06/2016
Tullow Oil has been granted a petroleum exploration licence for Block 31 in the Northern Province of Zambia by the government. According to Tullow Oil’s Vice-President for Exploration, Ian Cloke, the company plans to invest $69 million for its exploration deeds in Zambia and Tullow will embark on geological and geo-chemical studies in the next two years around the Lakes Bangwelu, Mweru...
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09/06/2016
In Nigeria, Seplat is currently planning to expand its Oben Phase 11 natural gas plant to boost production to 525 Mmscf/d. The exploration and production company concluded the development of the Oben gas plant phase in 2015. The extension increased the company’s total processing capacity from 150 Mmscf/d to 300 Mmscf/d.“The Oben gas plant phase II expansion is underway with additional...
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09/06/2016
Total Upstream Nigeria Limited is aiming for an improved crude oil production with its $10 billion investments in the country’s oil and gas industry. The company has produced 2.3billion BO in Nigeria in 49 years and it anticipates further crude production from its oil mining leases (OMLs) in the country. “Egina Field located in OML 130 where Total and its partners such as Sapetro,...
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09/06/2016
In Cameroon, state oil company SNH has revealed that oil production in the country increased by 19.4% to 12.3 million barrels between January and April, compared to that of 2015. Cameroon has been producing crude oil since 1977. The country achieved peak production in 1987 before output began declining, Reuters reports.According to SNH, gas production dropped by 5.8% to 4286.6 Mmcf compared to...
 

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