Africa Energy Headlines International

Angola: ANPG and Sonangol search for oil in onshore blocks

The National Petroleum, Gas and Biofuels Agency (ANPG) and Sonangol Exploração e Produção are set to enhance their exploration efforts in the Kwanza Basin’s onshore blocks, by employing specialized services to detect oil and other hydrocarbons. In a press release issued on August 28, the ANPG announced that the project is scheduled to commence in […]

Energy Europe Headlines International Morocco

Oil exploration: UK Genel Company signs association deal with Morocco

British company Genel Energy announced a petroleum agreement and association contract sealed with the Office National des Hydrocarbures et des Mines (ONHYM) for offshore exploration in Lagzira block in Morocco. The deal sets out an eight-year exploration term consisting of three phases. The Lagzira block (formerly Sidi Moussa) is a large offshore license that hosts […]

Business Egypt Emerging Markets Energy Europe Headlines International

Egypt, Eni ink oil exploration, exploitation deal worth $1bn

The Egyptian General Petroleum Corporation (EGPC) has signed an agreement with the Italian giant energy group Eni for oil exploration and exploitation in the Gulf of Suez and Nile Delta regions worth $1 billion, Arab Finance reports, citing a statement by the Ministry of Petroleum and Mineral Resources. The deal signed by Minister of Petroleum […]

Africa Energy Headlines International

Discovery of a major oil deposit in Côte d’Ivoire

Côte d’Ivoire announced in an official statement the discovery of oil in the sedimentary basin of the country, estimated at around 1.5 to 2 billion barrels of oil. gross by the Italian firm Eni and the Ivorian national company Petroci Holding. Ivorian Minister of Mines, Petroleum and Energy Thomas Camara indicates in the statement that […]

Africa Energy Headlines International

Oil investment: British-supermajor BP to explore offshore Gambia

British oil giant BP has signed an agreement with Gambia’s government to explore offshore hydrocarbons potential in the West African nation. The London-listed company now has “the legal rights” to explore for oil and gas potential in block A1 offshore Gambia, the office of the Gambian president Adama Barrow said in a statement. Block A1 […]

Energy Headlines Mauritania

Shell to Explore Oil & Gas offshore Mauritania

Shell will set up an office in Nouakchott to begin exploring hydrocarbons off shore the West African country. Under an agreement reached between the two parties, the oil and gas giant Shell shall begin exploration activities, starting with reprocessing and analysis of existing seismic data. “This move represents Shell’s entry into the West African Atlantic […]