Market News

  • East African Oil & Gas Market 2014-2024: Upstream & Midstream

    Posted on :Monday , 29th December 2014

     According to officials at Eco (Atlantic) Oil and Gas, the agreement would be deemed an “all-share” deal, which would save costs and strengthen itReport Details

    East Africa is fast becoming one of the world's most interesting oil and gas hotspots. For many years the area was neglected by the world's oil and gas industry, and even in Africa it was overshadowed by the r. . .

  • Eco (Atlantic) Oil & Gas to acquire Pan African Oil in Namibia

    Posted on :Monday , 29th December 2014

     s position as a dominant license holder offshore Namibia.

    Pan African Oil, an Africa-focused oil and gas explorer, operates two licenses in offshore Namibia, which covers around 13,000 sq km. The company has already completed the first term work commitments for both licenses, and has found a potentially new prospective geological fairway.
    The Canadian explorer Eco (A. . .

  • Uganda s oil refinery project good for East Africa

    Posted on :Monday , 29th December 2014

     UGANDA'S progress in transforming the oil assets and the plan to build refinery project has attracted criticism, skepticism and resistance, a challenge that will test government’s stamina to make independent decision for the benefit of its citizens.This is after protracted efforts to search for oil and gas in the Lake Albert basin confirmed 2.5 billion barrel of crude oil in reserve. . .

  • Somalia exploration positions East Africa as the new oil and gas frontier

    Posted on :Monday , 29th December 2014

     East Africa has been emerging as a major new frontier in the oil and gas industry for some time, and the latest news that Somalia has opened itself up to exploration is a further sign that the region is aware of the limitless potential that its oil and gas reserves present.

     
    The world's oil and gas industry has been keeping increasingly close tabs on East Afric. . .

  • NLNG Woos Investors For Large Oil And Gas Vessel DockYard

    Posted on :Wednesday , 24th December 2014

     Nigeria Liquefied Natural Gas Company (NLNG) is courting financial investors for the construction of a dry dock for the maintenance of large oil and gas vessels in Badagry, Lagos State.

     
    The public and private owned gas company say the construction of the dock will save huge foreign exchange for Nigeria as well as create real value for the economy.
    . . .

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