The US Department of the Treasury has imposed new financial sanctions on Iran’s oil industry.
Ethiopia has been forced to deny that it has begun filling the Grand Ethiopian Renaissance Dam (GERD) as a dispute with its Nile neighbours Sudan and Egypt simmers on.
Libya’s National Oil Corp. (NOC) has named the United Arab Emirates as being behind the order to stop production in the North African country.
Norway’s Noroil has signed up to work on Block 17, in West Kordofan, according to the Sudanese Ministry of Energy and Mining.
Gunfire broke out in Khartoum today as former intelligence officers took to the streets to protest the loss of their jobs.
Pressure is mounting on the US to reconsider sanctions on Sudan, where the former president was driven from office in April.
Sudan has undergone a tumultuous 10 years, from the loss of much of its oil production with the breaking away of South Sudan, to the recent and dramatic change of government.
TGS and Schlumberger’s WesternGeco are close to finishing 3D seismic reimaging on Egypt’s Red Sea, as a licence round comes to a close in the area. The two companies said the work would cover data from three seismic surveys, covering 3,600 square km, which were acquired between 1999 and 2008.
India's Oil and Natural Gas Corp's (ONGC) is suing Sudan in a London court, a news report said.
Lawyer and Middle East business expert Hugh Fraser has been inducted into a global networking initiative set up to help Scottish firms break international markets.
South Sudan’s government said it granted Oranto Petroleum International Ltd. a license to explore for oil in a block covering three states in the East African nation that may contain “vast” deposits of oil.
The U.S. removal of sanctions on Sudan unlocks the potential for the government to tap its rich mineral and agriculture resources. Now the African state needs to carry out the large-scale reforms required to attract investors.
Lundin Petroleum’s chairman and chief executive are reportedly suspected of “serious crimes” against international law, according to reports.
A cargo plane has crashed near the international airport in the South Sudanese capital of Juba, killing at least 23 people. Some of the victims were children, according to an Associated Press reporter near the scene, who said wreckage was strewn over the east side of the River Nile.
Fighting between rebels and government forces in South Sudan’s oil-producing states intensified, the army said before the two sides meet on Monday for peace talks. Rebels attacked non-producing oil fields north of the Unity state capital, Bentiu, on Friday and were repulsed, army spokesman Colonel Philip Aguer said by phone from the capital, Juba. The Sudan People’s Liberation Army is “in full control of Unity oilfields and has captured a number of equipment including tanks and ammunitions,” Aguer said.
After 17 months of civil war spanning a swathe of South Sudan bigger than Syria, President Salva Kiir’s survival may hinge on the fate of a single oil field. Paloch in Upper Nile state, the only region still pumping crude in a nation with sub-Saharan Africa’s third-largest reserves, has re-emerged as the rebels’ prime target. While the insurgents probably couldn’t find a market for its oil, the facilities’ capture or damage could spell disaster for a government that’s battling surging inflation and a slumping currency, and which depends on crude for about 90 percent of its income, according to analysts including Alex de Waal, executive director of the World Peace Foundation at the Fletcher School in Massachusetts.
South Sudan’s government denied claims by rebel forces that they’ve seized oil fields in the north of the country after clashes in the region. Lony T. Ngungdeng, a spokesman for insurgents loyal to former Vice President Riek Machar, said on Tuesday that the fighters took control of facilities in Upper Nile state, which are still producing crude. Fighting is taking place around Malakal, the state capital, and Akoka, Information Minister Michael Makuei Lueth said by phone Wednesday from South Sudan.