It emerged from the meeting held in Doha on April 17, 2016, that main oil producers could not reach any agreement regarding production freeze. As a result, all eyes are on barrel’s price which could plunge once more. “Negotiations will take more time and consulting,” said Qatar’s minister of energy, Mohammed ben Saleh Al-Sada. However, a date for a new meeting is yet to be set....

Millenium Challenge Corporation will implement in Morocco, a second collaboration program (Compact II). At a cost of $450 million, the program will extend over five years and will lead to the implementation of two projects, one related to educated and the other to property. The first project, the “Education and training for employment” aims to promote youth employment by improving...

Gabon Telecom’s director general, Abderrahim Koumaa, met with the governor of the Ogooué-Maritime province, Martin Boguikouma, during the military-medical maneuvers held in this part of the country from April 8 to April 12, 2016. Mr. Koumaa told the governor his firm will invest FCFA2 billion in the region. Gabon Telecom who sees a huge potential in the Ogooué-Maritime province, would like...

Pan African airlines ASKY, is pleased to inform you it will start HUB operations at the new terminal of the Gnassingbé Eyadéma International Airport in Lomé, Togo, this month.   With this, our passengers will have access to an ultra-modern airport in conformity with international standards. The terminal, which has three levels comprising the arrival, transit and departure zones, three...

Seven Energy International Limited in its end of the year results for December 31, 2015 released on Friday announced that the overall gas delivered from the south east Niger Delta gas business increased to around 70Mmscf/d from 23 Mmscf/d in 2014. In Q4 of 2015, the company witnessed a strong achievement on gas deliveries, as December reached the year’s peak monthly average of 114 million...

Mining company Weatherly International delivered during the first quarter of 2016, 4,442 tons of copper cathode at its Tschudi mine in Namibia, 4% above the mine’s nameplate production rate of 17 000 t/yr . It achieved this production in December 2015 and studied various options to boost this capacity. CEO of Weatherly, Craig Thomas who said his firm is pleased with the consistent...

The Atoll gas find is expected to ease Egypt's 2bcf gas shortage and reduce its reliance on foreign gas imports, mostly from Algeria and Russia, GlobalData report revealed. The development project is to assist Egypt as well as control the country’s rising debt problem caused by hydrocarbon imports. BP found the Atoll field in March last year and was granted development approval by the...

In South Africa, Anheuser-Busch InBev keeps at its move to seduce South Africa’s Competition Commission (SACC) to approve its merger with SABMiller. The Brazilian-Belgian firm indeed agrees to a series of concessions to secure the deal. InBev promised to invest one billion rand to support small South African producers and not to cut jobs over five years. SA’s economic development minister...

Poly-GCL Petroleum Group Holdings has announced that it is progressing with its $4 billion project to export gas from southeast Ethiopia’s Hilala and Calub gas fields to China following a positive drilling result. The chinese company had in February said that three sets of oil and gas shows was detected from the two appraisal wells which was spud in 2015. According to Liang Jin, gas...

Puma Energy, has announced that it has officially commenced operations in Ghana. According to the company, partnering with Blue Ocean Investments for the storage business and UBI Petroleum, (now Puma Energy Distribution Ghana), on the retail side it plans to deliver quality and affordable fuel to Ghana. “Puma Energy links local demand with international supply, through investment in...