Swala Energy an Australia-based company focused on the exploration of hydrocarbons in sub-Saharan Africa has declared that, following an analysis of its assets and operations and as part of its unending cost reduction exercise, it has decided to withdraw from Zambia so as to continue to focus on its core areas of East Africa.   Enery-pedia reports In order to facilitate this action it...

Oil prices was reported to have been stable on Friday after bouncing back from six-and-a-half-year lows on improving equities markets, tough U.S. economic growth and news of low crude supplies from Nigeria. Shell’s Nigerian unit recently declared force majeure on Bonny Light crude oil exports after shutting two key pipelines in the country due to a leak and theft. Global oil markets have...

Midwestern Oil and Gas Company Limited today confirmed the termination of the business arrangement it had with Mart Resources, Inc. It however blamed the development on the inability to raise enough funds to finance the transaction. This day reports The management of Midwestern Oil and Gas Limited noted that it chose to terminate the “Arrangement Agreement” between both companies in...

Tunisian olive oil producers can rub their hands together: the 2014/2015 season has been truly exceptional for them. Indeed, the Tunisian council for olive oil has just indicated that the country should receive some 18 billion dinars (USD 8.2 billion) by the end of the season. This performance was made possible as much by an excellent harvest as by the misfortunes currently experienced by the...

In Madagascar, populations are more and more resorting to renewable energies to mitigate the energy deficit generated by the strike action undertaken by Jirama, the national energy distribution company. Last week indeed, demand for solar panels soared, so much so that they ran out of stock in shops. “I would rather use solar panels. The cost of electricity consumption from Jirama in one year...

A tragedy. Quite shameful! This is how Ivorian President Alassane Ouattara qualified the clandestine immigration of Africans to Europe. “What is happening with young people who find themselves in the Mediterranean graveyard is unacceptable”, he declared yesterday, 28 August 2015, at the Amitié Stadium in Libreville, Gabon. Shortly after the official launch of the New York Forum Africa,...

The Nigeria government has been told to engage the aboriginal gas companies as a way of boosting gas production if the country must meet its power and other gas related needs. The Chief Executive Officer of Frontier Oil Limited, Dada Thomas (photo), made this call at the annual conference of the National Association of Energy Correspondents (NAEC) in Lagos. Businessday reports  To him,...

Eni the main hydrocarbon producer in Egypt, with a daily equity production of 200,000 BO equivalents has made a supergiant gas discovery at its Zohr Prospect, in the deep waters of Egypt. Your oil and gas news reports. The discovery well Zohr 1X NFW is situated in the economic waters of Egypt’s Offshore Mediterranean, in 4,757 feet of water depth (1,450 metres), in the Shorouk Block, which was...

Arbitration, Mediation and Conciliation Centre (CAMC). This will be the name of the structure specialised in the settlement of trade disputes between economic operators, which the Chamber of Commerce, Industry, Mines and Arts & Crafts of Cameroon (CCIMA) is setting up. This is, as highlighted in an official communiqué from this institution, the first resolution taken during the 11th meeting...

To circumvent difficulties in getting visas from the embassies of Western countries in Africa, African youth made the proposal this Friday to Michaëlle Jean, General Secretary of the International Organisation of Francophonie of the creation of a francophone visa which will allow young people and/or diplomats to freely travel between the member countries of the organisation. The proposal was...