Search for Africa

03.05.2013 East Africa's 'Embarrassment of Riches' in Energy

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.

03.05.2013 BP Delays Algeria Projects as Security, Terms Deter Investors

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.

02.05.2013 Egypt to Ask for Bigger Production Share

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.

02.05.2013 BG's Tanzania Gas Plans Move Ahead, to Propose Locations

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.

30.04.2013 Petromoc Considers IPO

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.

30.04.2013 Hess to Exit Algerian Permit

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

29.04.2013 E&P Firms Prepare for Tunisian Spud

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..

29.04.2013 BP Mulls Angolan LNG for Europe

Liquefied natural gas from Angola could be shipped to European markets as early as next month, a regional president for BP said, UPI reports.

26.04.2013 Ivory Coast: Total's Ivoire-1X Exploration Well on Block CI-100 Encountered a Horizon with High-Quality Oil

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.

26.04.2013 ENI Ups Mozambican Resources

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.