Market News
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VAALCO and Sonangol Enter Subsequent Exploration Phase
Posted on :Wednesday , 29th October 2014
In Angola VAALCO Energy entered into the Subsequent Exploration Phase (SEP) on Block 5 together with its working interest partner, Sonangol P&P. The SEP extends the exploration license for an additional three-year period such that the new expiry date for exploration activities is November 30, 2017.Under the terms of the SEP. . .Central African Republic: Dubai-Based Company to Supply Petroleum Products to CAR
Posted on :Wednesday , 29th October 2014
Cap Energy plans 3D survey off Guinea-Bissau Cap Energy plans 3D survey off Guinea-Bissau Cap Energy has informed that it is working to
Posted on :Wednesday , 29th October 2014
Cap Energy has informed that it is working to progress its interests offshore Guinea-Bissau, West Africa, by conducting a 3D survey scheduled for November, 2014.Sitting in the same basin as the Company’s Senegal assets, the prospective leads are distributed across a carbonate shelf that passes abr. . .Liberia: NP Launches Filling Station in Buchanan
Posted on :Wednesday , 29th October 2014
National Petroleum (NP), a 100% privately own Sierra Leonean firm, has opened one of its station in Buchanan, Grand Bassa County. The opening ceremony took place on Tuesday, October 28 where the Managing Director, Mr. Mohammed S. Kanu, assured the people of Grand Bassa that his company is there to stay. The Buchanan filling station is NP's 6th station in the country and the first outside . . .
GHANA TO INCREASE LOCAL GAS PRODUCTION
Posted on :Wednesday , 29th October 2014
President of Ghana, Mr. John Mahama, while responding to questions on the economy at the Global African Investment Summit in London, said the country is working hard to court more private investors to shore up local production of gas to solve the country’s power crisis.
He said this will end the country’s over-reliance on the West. . .
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