Sahara Energy extends well test, to strike first oil in 2015

Posted on :Friday , 12th December 2014

 The Chief Operating Officer (COO) of  Sahara  Energy Upstream Group,  Mr. Curtis  Cohen has said the firm  is carrying out an extended production test on the Oki field located  in Oil Prospecting Lease (OPL) 274 in North Western Niger Delta, Daily Independent reports. The activity is in readiness to strike  first oil from the field  before the end o. . .

U.S. reserves surpasses Nigerian reserves - fifth consecutive year

Posted on :Friday , 12th December 2014

 U.S. crude oil and lease condensate proved reserves has increased for the fifth consecutive year in 2013, increasing by nine per cent from the 2012 level to 36.5 billion barrels, according to the U.S. Crude Oil and Natural Gas Proved Reserves, 2013 report released yesterday by the U.S. Energy Information Administration (EIA), The Guardian reports.

Kenya: DFID, Turkana County Agree on Landmark Project

Posted on :Friday , 12th December 2014

THE United Kingdom's Department for International Development (DFID-Kenya) has committed to support Turkana County Government in engagement of communities, oil companies and NGOs for local development of areas affected by oil explorations.

Speaking during the signing of the framework, Head of DFID Kenya, Lisa Phillips said The UK was excited about discoveries of oil and g. . .

ERHC retains Deloitte as strategic advisor on its assets in Sub-Saharan Africa

Posted on :Wednesday , 10th December 2014

Sub-Saharan Africa oil and gas explorer ERHC Energy   has announced it has retained the services of Deloitte Corporate Finance LLC (DCF) to advise on the Company’s oil assets in the Republics of Chad and Kenya.

Deloitte will advise ERHC on matters related to possible joint ventures, alliances sales and/or divestitures on the Chad and Kenya licenses at a time wh. . .

South Africa, Mozambique Governments Sign Agreement to Evaluate Viability of a Gas pipeline

Posted on :Wednesday , 10th December 2014

 South Africa’s Public Investment Corporation SOC Limited (SacOil) and the Instituto de Gestão das Participações do Estado (“IGEPE”) in Mozambique (have signed a Joint Development Agreement to evaluate the technical and commercial feasibility of a transnational terrestrial gas pipeline and distribution facility that will carry natural gas from Mozambi. . .