WorldOil Oil traders empty key crude storage hub as global demand booms Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as the physical market tightens amid booming demand and OPEC production cuts. South Africa minister wants assurance on KPMG investigation of oil sale South Africa’s probe into the sale of 10 MMbbl of its crude oil reserves may be delayed after Energy Minister Mmamoloko Kubayi said she has some concerns because a key financial analysis in the investigation was conducted by KPMG LLP. Africa Energy Corp. acquires shares in Namibia Africa Energy Corp. has announced the acquisition of one-third of the shares in a subsidiary of Pancontinental Oil and Gas N.L. that holds a 30% participating interest in Petroleum Exploration Licence 37 (PEL 37) offshore the Republic of Namibia. Statoil adds exploration licenses in South Africa Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship. Zambia commissions first oil survey President Edgar Changa Lungu heralded the beginning of Zambia’s new oil industry, when he commissioned the launch of a full tensiometer survey by Tullow Oil in Luapula province. The survey is the first of its kind to be undertaken in Zambia. Odfjell Drilling awarded contract with Total EandP South Africa Further to the conditional letter of award (CLOA) as announced on March 1, 2017, Odfjell Drilling has now been awarded the contract as described in the CLOA. The contract is awarded by Total EandP South Africa and is for a one well, plus one optional well, to be drilled by the sixth-generation semisubmersible, Deepsea Stavanger, offshore South Africa. ONGC Videsh enters offshore Namibia with Tullow agreement ONGC Videsh has signed definitive binding agreements with Tullow Namibia Limited (Tullow), a wholly owned subsidiary of Tullow Oil plc, acquiring 30% participating interest in Namibia Petroleum Exploration License 0037 for Blocks 2112A, 2012B and 2113B. Minister sees `glaring' problems in South African oil stock sale South Africa has found “glaring governance problems” related to a 2015 sale of the country’s crude oil reserves, Energy Minister Mmamoloko Kubayi told lawmakers. Chevron starts production at Mafumeira Sul, offshore Angola Chevron Corporation announced today that its subsidiary, Cabinda Gulf Oil Company (CABGOC) Limited, has commenced oil and gas production from the main production facility of the Mafumeira Sul project, offshore Angola. Oceaneering and BP agree to two-year extension offshore Angola Oceaneering International, Inc., has announced that a unit of BP has agreed to a two-year extension through January 2019, under the Field Support Vessel Services contract that was entered into with the Company for work offshore Angola on Blocks 18 and 31.