Featured
Issue 394 -
BBC revives Senegal oil controversy
BP has described as “inaccurate and exaggerated” claims that businessman Frank Timis is set to receive $9bn-$12bn in royalties from the Greater Tortue/Ahmeyim gas project, but a BBC report has revived controversy over the role of Timis and presidential brother Aliou Sall in...
Issue 394 -
Senegal
Issue 394 -
Angola: Bid round offers ten blocks
Angola has announced a licensing round offering nine blocks in the Namibe Basin and Block 10 in the Benguela Basin. The National Agency of Petroleum, Gas and Biofuels (ANPG) will hold a series of roadshows in Houston, London and Dubai in September before the bidding process...
Issue 394 -
Angola
Issue 394 -
Lukoil buys New Age’s Marine XII stake
Russia’s Lukoil has bought New Age (African Global Energy)’s 25% stake in Eni’s Marine XII licence for $800m. New Age and Lukoil are partners in Cameroon, while Lukoil is also a partner with Eni in Kazakhstan, Mexico and elsewhere. The announcement follows a visit to Moscow in...
Issue 394 -
Central Africa
Issue 394 -
DR Congo: Total pulls out of lake block
Total has signalled its intention to pull out of Block III on the Congolese side of Lake Albert which is up for renewal. Its South African partner Efora Energy said the licence had been extended to July 2019 for the remaining partners to carry out a review of the technical data...
Issue 394 -
DR Congo
Issue 394 -
Egypt: BP to sell mature oil assets to Dragon Oil
BP has agreed to sell its interests in oil concessions in the Gulf of Suez to Dubai-based Dragon Oil as part of a portfolio review. The producing and exploration concessions include BP’s interest in the Gulf of Suez Petroleum Company (Gupco). Dragon Oil is owned by the Emirates...
Issue 394 -
Egypt
Issue 394 -
Uganda: Oranto completes 2D seismic
Nigeria’s Oranto Petroleum has completed acquisition of 326km of 2D seismic data over the Ngassa Block in the Albertine Graben. The Petroleum Authority of Uganda (PAU) said the survey was carried out by the UK’s IMC Geophysical Services between 19 April and 18 May as part of the...
Issue 394 -
Uganda
Issue 393 -
Industry focus turns to Namibia after South African discovery
Total and its partners are gearing up to drill the Venus-1 well on Block 2912 in late 2019 or early 2020, hoping for a second discovery to follow the Brulpadda gas condensate find drilled offshore South Africa early this year.“This is a massive submarine fan, it’s the biggest...
Issue 393 -
Namibia, South Africa
Consultancy
Events
13 November 2019 to 14 November 2019
Africa Investment Exchange: Power & Renewables
RSA House, London
Central Africa, East Africa, North Africa, Southern Africa, West Africa
1
