Market News
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Gas discovery in Egypt to boost energy export
Posted on :Tuesday , 3rd November 2015
A recent Gas discovery in Egypt is likely to put the country back to its former position where it used to export energy. This follows the discovery of huge Zohr natural gas field at the coastline of the country.
Discovered by oil exploration company Eni, The move will see the country back into exporting liquefied natural gas (LNG), making the bright spot of demand it has created . . .OCTANT ENERGY TO PURCHASE AFREN ASSETS IN TANZANIA AND KENYA
Posted on :Monday , 2nd November 2015
Canada-based oil and gas company Octant Energy Corp. has announced that it has entered into three agreements with subsidiary companies of cash strapped Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania.
Afren assets through its wholly owned subsidiary East Africa Exploration EAX include Kenya Block L17/L18, Kenya Block 1, and in Tanzania, the Tanga . . .EU tasks government to tackle oil challenges
Posted on :Monday , 2nd November 2015
The European Union (EU) has requested Uganda to maximise opportunities and mitigate the negative impact of the oil and gas industry.
A delegation of ambassadors from European countries visited Hoima District on Monday and Tuesday where they interfaced with oil company officials, Bunyoro Kitara Kingdom officials, local communities and district officials.
“As E. . .Sasol is Set to Explore Oil Wells in Mozambique
Posted on :Monday , 2nd November 2015
Sasol's efforts to take advantage of Mozambique's significant oil and gas resources have paid off as the company is set to explore wells after two of its three applications in Mozambique's fifth Licensing Round were successful.
Sasol (70%, operator) and Empresa Nacional de Hidrocarbonetos (ENH) the state oil company, (30% carried interest) were awarded the onshore A. . .IOC-Delonex Win Oil Block in Mozambique
Posted on :Saturday , 31st October 2015
State-owned Indian Oil Corp Ltd (IOC) has partner Delonex Energy, a new Africa-focused oil and gas explorer led by former Cairn India chief Rahul Dhir, to win its maiden oil block in Mozambique.
IOC and Delonex were awarded onshore Block P5-A in southern Mozambique, a company executive said. The combine was declared winner alongside the consortium of Russia’s Rosneft and Ex. . .Please Select an Option
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