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Independent African Petroleum has signed a non-binding heads of terms and a binding exclusivity agreement with a listed oil and gas company to fund a deep-water drilling campaign off Senegal and Gambia.
Capital investment plans for Sub-Saharan Africa has been cut by $100 billion for the next five years, Wood Mackenzie said in a report on upstream activity in the region.
Morocco and Nigeria will jointly develop a new regional gas pipeline connecting the two countries, bringing gas resources of Nigeria to Morocco, its neighbours and Europe.
Norway's Statoil has acquired participating interests in two additional offshore frontier blocks from ExxonMobil and OK Energy, including the operatorship of one block.
UK’s Sound Energy, the European and African focused upstream gas company, said it received a non-bonding funding proposal of up to US$100 million from the financial advisor to a Moroccan fund for the construction of a pipeline that will export gas…
Algeria’s state oil firm Sonatrach and Spain’s CEPSA agreed to extend their two oil field contracts in the North African country, the Algerian firm said on Tuesday.
The Abu Dhabi National Oil Company (ADNOC) said it plans to capitalise on increased sulphur processing capabilities, by doubling production and targeting new markets in Africa, Asia, South America and Australia.
Total and Algerian state-owned energy company Sonatrach have patched up their differences and signed a new deal to strengthen their existing partnership in the North African country.
SDX Energy, North Africa-focused producer, said it won an eight-years concession in the Gharb Centre exploration permit, as it looks to expands Moroccan asset base.
Xodus Group has been awarded two Environmental and Social Impact Assessment (ESIA) contracts for projects in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senegal, West Africa.