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The government has selected Ecobank Development Corporation (EDC), the investment banking arm of the Ecobank group, and its local subsidiary Ecobank Ghana to advise on the financial restructuring of Tema Oil Refinery (TOR).

Italy’s Eni has made a big new African acquisition, taking stakes in Vitol’s two blocks adjacent to the Tullow Oil plc/Anadarko Petroleum Corporation acreage offshore Ghana.

Born in the Ras Lanuf area and educated in the United States, the new National Oil Corporation chief

ANGOLA: Nineteenth oil discovery in Block 31; REPUBLIC OF CONGO: Marine XI drilling; ETHIOPIA: Petronas resumes exploration in Ogaden; MAURITANIA: Total drilling in Taoudeni Basin; NIGERIA: Oriental launches Ebok field development; SEYCHELLES: Black Marlin starts new seismic; TUNISIA: Australian company takes Chorbane permit

Petroceltic International has made a third gas discovery with the AT-1 well on the Isarene permit in the Illizi Basin (AE 163/18).

After months of uncertainty and a curtailing of its operations on the ground, Hyperdynamics Corporation says its new chief executive officer has signed a memorandum of understanding “reaffirming the validity of Hyperdynamics’ concession”.

Venezuelan President Hugo Chavez has announced plans to build a refinery to supply oil products to Mauritania, and to neighbouring Mali and Niger.

London Stock Exchange and Irish Stock Exchange-listed Aminex plc has reached agreement with East African Exploration Ltd (EAX) to increase its interest in the Nyuni production-sharing agreement and the 40m ft3/d gas discovery at Kiliwani North by 10%.

As it seeks a greater yield from its gas resources, Equatorial Guinea has succeeded in its long-running efforts to secure a better deal from one of its major partners, BG Group, which is buying all the gas from EGLNG Train One

The first meeting of the new Kenya Petroleum Refineries Ltd (KPRL) board has agreed to start work on the Mombasa refinery’s long-awaited upgrade.

Oil industry reformer Shukri Ghanem’s resignation after a dispute with the prime minister is shrouded in mystery, but NOC seems determined to carry on business as usual. Beneath the recent dramatic developments in Tripoli lies Muammar Qadhafi, who has been reasserting his will over swathes of the economy, writes John Hamilton

The latest threat to Sudan’s Comprehensive Peace Agreement is growing suspicion over the accuracy of the national government’s oil revenue figures, according to a report

France’s Total says it has not been officially notified of a decision by the National Petroleum Commission (NPC) ordering the Block B consortium to compensate the former White Nile Ltd. Reuters quoted Government of South Sudan (Goss) Oil Minister John Luk as saying the commission had ordered that White Nile receive $11m in compensation for the exploration work it carried out on the block.

Engen Petroleum and KenolKobil have signed a sale and purchase agreement to jointly acquire all the shares in Shell Zimbabwe (Private) Ltd and BP Zimbabwe (Private) Ltd.

Two refinery projects are going ahead in Egypt – the first led by local private equity group Citadel Capital, and the second by Sokhna Refining & Petrochemical Company (SRPC), which is said to be building a $2.2bn refinery in Ain Al-Sokhna. Egypt’s planned new refinery projects have suffered from the global financial crisis, which has made raising funds difficult and driven up costs.