The longstop date to finalise the farm-out of Cameroon's Etinde licence has been extended, the permit owner Bowleven has announced.
General Electric will invest about $2billion in Africa by 2018 and double the local workforce in what chief executive Jeffrey Immelt calls one of the world’s most-promising markets.
Growing demand for electricity and falling costs for wind and solar power mean more renewable- energy projects will be commissioned this year in sub-Saharan Africa than were added from 2000 through 2013.
Ghana, the nation seeking to increase its oil output fivefold in the next decade, expects an offshore development by Hess Corp. to join the nation’s project pipeline, according to the Petroleum Commission.
A call was today made for oil and gas companies to play a more active role in the fight against HIV.
New fighting has broken out in South Sudan, forcing aid workers to take cover in a city where more than 40,000 civilians are huddled in a UN base, an aid group has said.
Exxon Mobil Corp., the US’s largest oil company, ended exploration plans with Total SA in South Sudan, Total and the government said, a sign of faltering investor confidence in the African nation as a civil war enters its eighth month.
FAR confirmed it was on the hunt to secure a partner for its drilling operations in Kenya as work picks up in the region.
Petrofac staff in Tunisia were forced to abandon their offices after two incidents in just as many weeks.
A Libyan military police chief said he disbanded parliament after a militia group he backs stormed it yesterday, spreading violence in the energy-rich nation to its capital and sending world oil prices higher. In a televised speech late yesterday preceded by clashes, Mukhtar Fernana said parliament will be replaced by a 60-member group. Nuri Abu Sahmain, the head of the General National Congress, denied that it had been suspended and said yesterday he was running it from a “safe place,” the state-run Libyan News Agency reported. Fernana said he won’t allow Libya to become a safe-haven for extremists or a “home for terrorists.” The assault, he said, was not a coup and reflects the “freedom that Libyans wanted and fought for.”
Armed men have abducted a British national working with an oil services company on a main street in Yemen.