Market News
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Mozambique could join Australia, Qatar in league of world’s largest Gas producers
Posted on :Wednesday , 7th January 2015
Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a study by PriceWaterhouseCoopers.
The study released this week says East Africa will become a focus of the global gas industry with Mozambique and Tanzania leading as the new gas fr. . .Nigerian firm to build Equatorial Guinea\'s giant oil storage hub
Posted on :Wednesday , 7th January 2015
Nigerian energy firm Taleveras Group said on Monday it had signed a deal with the government of Equatorial Guinea to build a giant oil storage hub in the central African country.
The Bioko Island facility will have a total capacity of 1.34 million tonnes of storage for crude oil and products such as gasoline, naphtha, jet fuel and fuel oil, the firm said.Callkey Network targets East Africa’s Oil and Gas Industry with its VSAT products
Posted on :Tuesday , 6th January 2015
Internet Service Provider Callkey Networks has said it will be giving special focus to players in the oil and gas industry by providing specially customized products that suits the various needs identified in the region.
In special focus will be the provision of guaranteed services that meet data demands recognized by companies already carrying activities surr. . ..jpg)
Eni starts production at Nene Marine Field, offshore Congo
Posted on :Tuesday , 6th January 2015
Eni has started production from Nené Marine field, offshore Congo, just eight months after obtaining the production permit and 16 months following the exploration discovery. The field is located in Marine XII Block, approximately 17 km from the coast.
The start of production reflects another important success for Eni in Congo, a few days after the announcemen. . .Eco Atlantic farms out licenses offshore Namibia
Posted on :Tuesday , 6th January 2015
Eco (Atlantic) Oil & Gas Ltd. (TSX-V:EOG) (NSX:EOG) is decreasing its near- to mid-term financial obligations by farming out part of its offshore Namibian licenses for carry and cash, and has revised and reduced its next-year work program in Namibia.
Through its wholly owned subsidiary, Eco Oil and Gas (Namibia) (Pty) Ltd. (Eco Namibia), Eco Atlantic has entered into an amen. . .Please Select an Option
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