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Mauritania: offshore 3D seismic survey

In honoring its initial three-year work commitment with Mauritania concerning the Block C19 which is offshore, Chariot oil and gas has handed out a contract to a Norwegian company, Furgo, to do a 3D seismic survey in the area. In a released statement from Chariot, Furgo will be surveying depths ranging from 30 meters up […]

Africa’s venture-capital market shrunk by whooping 40% in 2023, as startups struggle

The African venture-capital (VC) market witnessed a 40% drop in funding from the previous year in the first six months of 2023, reflecting cautious investor sentiment and sparking concerns for startups’ future. In the first half of 2023, a mere 263 VC deals were executed, collectively accounting for $2.1 billion, which represents a 40% decline […]

AFRICOM Warns Against Jihadists Attack Targeting Libyan Oil

US Africa Command has warned against a terrorist plot being prepared by ISIS militants against Libya’s Oil Crescent, which is located 500 km east of the capital Tripoli, and includes the country’s largest oil reserves and export terminals. In a statement to Asharq Al-Awsat, AFRICOM spokeswoman Robyn Mack said: “at the moment, we believe that […]