Mozambique, one of Africa's poorest states, and neighboring Tanzania are set to become major natural gas producers, while Kenya, deemed the cradle of mankind, sits on at least 10 billion barrels of oil, UPI reports.
BP is delaying two major Algerian gas projects as foreign energy firms seek security guarantees after a deadly Islamist attack, and press the government to soften its investment terms, Reuters reports.
Egypt is about to change its licensing policy for future oil and gas contracts, making its terms more like those offered in Algeria and Libya, Petroleum Africa reports. Whether this will generate more investment is uncertain, though unlikely.
British gas firm BG Group said it will present the Tanzanian government with proposed locations for a huge liquefied natural gas (LNG) terminal in the next few months, as the project moves ahead after another successful drilling test, Reuters reports.
Petroleos de Mocambique SA or Petromoc, Mozambique’s state-owned distributor of petroleum products, could possibly list on a stock exchange in either South Africa or Europe, Petroleum Africa reports.
Two firms are looking to sell off their interests in certain assets in Algeria but what is not clear is if this is a result of the attack and hostage situation at the In Amenas gas plant that took place earlier this year, or just a realignment of assets for the two compa
Africa Hydrocarbons Inc. (AHI) is progressing towards the spudding of the BHN-1 well to test the Bouhjla North prospect in Tunisia, Petroleum Africa reports..
Liquefied natural gas from Angola could be shipped to European markets as early as next month, a regional president for BP said, UPI reports.
Total announces that the Ivoire-1X exploration well, located in the western portion of Block CI-100 in 2,280 meters of water, encountered 28 meters of net oil pay in a series of about 100 meters of Cretaceous reservoirs.
Estimates on the natural gas resources located in Mozambique’s Area 4 have been increased by 6.7% according to a statement from the operator, ENI, Petroleum Africa reports.