Fatima Beyina-Moussa, Managing Director of ECAir, Equatorial Congo Airlines, (www.flyecair.com), the national airline of the Republic of Congo, presided over the workshops of the 47th general meeting of the African Airlines Association (AFRAA). The event, held under the eminent patronage of His Excellency Mr. Denis Sassou N’Guesso, Presidentof the Republic of Congo, took place from 8 to 10...

A strike action threat has been hinted at by the union of the l’Office de radiodiffusion télévision du Mali (ORTM – Broadcasting Corporation of Mali). The demand is as follows: this company must change status and move from being a public administration establishment (EPA – Etablissement Public Administratif), to become a Commercial Public Establishment (EPIC – Etablissement à...

In Namibia, Global Petroleum Ltd through its subsidiary Jupiter Petroleum Ltd (Namibia) has been granted a First renewal period of 2 years starting from 3 December 2015 by the Ministry of Mines and Energy for its Exploration Licence No. 29. This Exploration Licence which covers two Blocks (1910B and 2010A), in the Walvis Basin offshore Namibia was initially granted on 3 December 2010. The...

Kosmos Energy has made a noteworthy gas find at the Marsouin-1 exploration well, in the northern portion of Block C-8, offshore Mauritania. The Marsouin-1 well is situated about 60 km north of the basin-opening Ahmeyim-1. The well was drilled with the Atwood Achiever drillship in nearly 2,400 metre of water. It came across around 70 metres of net gas pay in the Upper and Lower Cenomanian...

Eni has entered into several agreements with the government of Egypt as regarding its oil and gas concession in the country. The agreements includes, three amendment contracts for Eni’s Sinai 12 and Abu Madi, North Port Said and Batim (in partnership with BP) concessions in Egypt. It also signed a new concession agreement for Ashrafi (in partnership with ENGIE). According to the company, the...

Bowleven Plc has declared that following installation of testing equipment, the Moambe well in the Bomono Permit in onshore Cameroon has begun flowing hydrocarbons. The prolonged well testing program at Moambe is aimed at determining the productiveness and connectivity of the shallower reservoir units. The reservoir unit is expected to provide the source for the initial supply of gas. The gas is...

Towards achieving a clean and sustainable Multi-MegaWatt electricity in the country, Angola’s Ministry of Petroleum has today granted Dominovas Energy Corp., an Independent Power Producer (IPP) licence. The licence grants the company authority to provide clean and reliable electricity to companies within the oil and gas industry including state-owned Sonangol Group. Dominovas is to provide the...

British mining company International Mining and Infrastructure Corporation (IMIC), who acquired the assets of Affero Mining in Caminex, the Cameroonian law firm developing the Nkout Iron project, in the Southern part of Cameroon; just announced the successful realization of a convertible bonds offering worth 22 million FCFA (13 billion FCFA). With a four-year maturity, this operation has an...

The International Energy Agency (IEA) estimated, in its annual prospective study made public on 10 November, that oil prices should gradually rebound during the coming years to around USD 80/barrel by 2020 thanks to a reduced offer. “The adjustment process of the oil market is rarely done smoothly, but in our central scenario, the market will find back its balance at USD 80 per barrel in 2020,...

Based on a recent 3D seismic study on the Chad basin, Nigeria is on the brink of discovering an important quantity of oil in Lake Chad, according to the Nigerian National Petroleum Corporation (NNPC). Ibe Kachikwu, Managing Director of NNPC, revealed this information during a conference at the Petroleum Club of Lagos. He added that the company will expand efforts on oil exploration in...