WorldOil ONGC Videsh acquires 15% interest in Cooper Block, offshore Namibia Eco (Atlantic) Oil and Gas Ltd., is delighted to announce that ONGC Videsh, through its wholly owned subsidiary ONGC Videsh Vankorneft Pte. Ltd. (OVVL), has entered into agreement with Tullow Namibia Limited whereby OVVL will acquire a 15% working interest in the Cooper Block. Africa Energy to acquire additional interest in South Africa Africa Energy Corp. announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa. Africa Oil concludes 2017 exploration, appraisal campaign in Kenya The 2017 exploration and appraisal drilling campaign concluded following the drilling of the Amosing-7 appraisal well. The PR Marriott Rig-46 has been demobilized. Two discoveries were made during the campaign. Africa's oil industry needs to harness innovation, technology, PwC says The oil and gas industry in Africa continues to face market challenges arising from the low oil price, competition for revenue growth and local talent together with new expectations from investors and regulators. Africa unites to garner investment at Africa Oil Week in Cape Town The African oil industry met this week to discuss the potential, but also the challenges, that the industry faces as the continent moves towards the commercialization of its huge gas and oil reserves. South Africa seeks oil talks with Glencore, Vitol as legal spat looms South Africa plans to engage with traders who acquired strategic oil reserves two years ago, even as it prepares legal action to try to cancel the deal. 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.