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  • 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. . .

  • Kenya: Tullow, Africa Oil to Establish Pokot and Turkana Conservancies

    Posted on :Friday , 30th October 2015

    Tullow Oil and Africa Oil on Wednesday signed a five-year grant agreement with Turkana and Pokot communities that will establish six community-run conservancies.

     
    Tullow Kenya Country Manager Martin Mbogo said the agreement is part of Tullow's commitment to ensure host communities enjoy long-lasting benefits from the oil and gas investment, while ensuring the investm. . .

  • Turkey Expresses Desire to invest in Oil and gas fields in Sudan

    Posted on :Friday , 30th October 2015

    The Turkish State has expressed desire to invest in the fields of gas and oil in Sudan .
    This came when the Minister of Oil and Gas, Dr . Mohammed Zaid Awad received, at his office, Wednesday, the Turkish Ambassador to Khartoum, describing the Sudanese-Turkish relations as progressing well, referring to the Turkish experience and technology in the fields of gas and oil .
    The Ambas. . .

  • FISCAL REVISIONS MAY UNLOCK SUB-SAHARA AFRICA’S 48 BILLION BARRELS OF DISCOVERED OIL

    Posted on :Wednesday , 28th October 2015

    Wood Mackenzie asserts that the oil price crash has accelerated the need for fiscal adjustments, as Sub Sahara African governments prepare to weather significant reductions in vital tax revenue. With no increase expected in production volumes, future revisions will need to strike the right risk and reward balance – incentivising investors to commercialise the continent’s vast untapp. . .

  • Newly constructed Dangote Petrochemicals refinery in Africa to start operation

    Posted on :Tuesday , 27th October 2015

     The Dangote Petrochemicals refinery in Nigeria will commence its operations by 2018 a senior manager has announced.

     
    Speaking at a press briefing during his tour at the plant site at Lekki Free Trade, Kelkar said that the construction work on the project is expected to be completed by 2017 adding that live streaming will kick off by 2018.
     

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