Africa

South Africa-based oil and gas company SacOil has signed a memorandum of understanding (MoU) to carry out a detailed assessment for the development of the Bioko Oil Terminal tank farm in Equatorial Guinea. The MoU was signed with the Ministry of Mines, Industries and Energy of Equatorial Guinea, Taleveras Exploration…
Council of Ministers of Algeria has approved four presidential decrees on hydrocarbon exploration and exploitation contracts in the country. The first among the decrees sanction the additional clause No-3 of the contract signed by national hydrocarbon firm SONATRACH with oil companies Hess RER, Petronas Cagliari Overseas SDN BHD and Cepsa…
Fastnet Oil & Gas has decided not to exercise its option to farm into the Tendrara Lakbir Licence onshore Morocco, which expired on 31 December 2014. The licence covers an area of 14,548km² with prospective basins for Triassic gas. Fastnet Oil & Gas newly appointed CEO Carol Law said: "Current…
The Egyptian Government has paid Dana Gas $60m, which is part of overdue receivables totalling $212m. Egypt has delayed payments as the country's economy was hurt by around four years of instability since the end of Hosni Mubarak's rule in 2011. Dana Gas and the Egyptian Government signed a gas…
UK based oil and gas company Bowleven has started drilling operations at the the Zingana exploration well on the Bomono Permit in Cameroon. The well is the first of the two planned as part of the company's exploration programme this year. Drilling for the well will be done to a…
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