East Africa ///
Uganda expects three oil companies to invest $8 billion in the East African nation before they start producing oil in 2020, Energy Minister Irene Muloni said.
Exxon Mobil Corp. and Qatar Petroleum have teamed up to look at energy assets in Mozambique, home to some of the biggest natural gas discoveries in a generation.
Exxon Mobil Corp. is considering buying stakes in natural gas discoveries off Mozambique made by Anadarko Petroleum Corp. and Eni SpA, potentially giving a tax windfall to the African nation grappling with a deepening debt crisis, according to two people with knowledge of the matter.
CGG GeoConsulting’s NPA Satellite Mapping group has launched the multi-client EARS BasinMap for exploration de-risking across the vast region of East Africa, from regional-to-prospect or play scale.
Oil output in South Sudan declined to as little as 120,000 bpd, because of damage caused by a 2 1/2-year civil war to production facilities, Petroleum Minister Dak Duop Bischok said.
Aminex PLC, the Africa-focused oil and gas production and development company, has announced first gas production from its Kiliwani North gas field in Tanzania.
Eni has announced the approval of the Plan of Development for the Coral discovery, offshore Mozambique. The approval has been granted by the Government of Mozambique’s Council of Ministers.
Tanzania said on Friday it had finalized a land acquisition for the site of a planned LNG plant, and was now working to compensate and resettle villagers to move forward on a long-delayed project.
HAMILTON, Bermuda -- AziNam, the offshore Namibia focused exploration company, has completed a 3D seismic survey on PEL 34, the Guy Block, offshore Namibia.
With recoverable oil reserve estimates of approximately 750 MMbbl and 600 MMbbl in Uganda and Kenya, respectively, and with government share of the reserves expected to be about 30–50%, the potential impact on economic development in these countries could be great.
Tullow Oil Plc gained after a successful well increased the potential size of oil resources the Africa- focused explorer has discovered in Kenya.
Anadarko Petroleum Corporation has announced that it has signed a Unitization and Unit Operating Agreement (UUOA) for the development of the massive natural gas resources that straddle two blocks.
East Africa is emerging as a hotbed for energy related investments not only for its robust economic growth, but also for its potential to become one of the largest producers and exporters of oil and natural gas in the world.
Tullow Oil announced Tuesday that the Emesek-1 exploration well, in Block 13T in the North Lokichar basin, Northern Kenya, reached a total depth of 3,000 m without encountering commercial hydrocarbons.
Maersk Oil has agreed to acquire half of Africa Oil Corp.’s shares in three onshore exploration licences in Kenya and a further two in Ethiopia.
Eni, together with Statoil, Sasol and ENH, has been awarded the exploration and development rights for Block A5-A, following the 5th Competitive Mozambique Bid Round.
Sasol has confirmed that two of its three applications in Mozambique's 5th Licensing Round were successful.
Ethiopia and Djibouti signed an agreement for a $1.55 billion fuel pipeline with developers Mining, Oil & Gas Services and Blackstone Group LP-backed Black Rhino Group.
Puntland, a semi-autonomous region of northeastern Somalia, will conduct a survey of its offshore region to search for oil as the country prepares a licensing round for exploration, the head of the Puntland Petroleum and Minerals Agency said.
Kenya and Uganda ended months of debate in August to sign an agreement on an oil pipeline costing almost $4 billion. Finding the money to build it and companies to start pumping crude may be a harder task.