Sound Energy PLC, a British upstream company, confirmed a significant gas discovery and a potential single gas column at company's Tendrara license, onshore Morocco.
The Nigerian National Petroleum Corporation (NNPC) plans to import crude oil from Chad and Niger to nourish its Kaduna refinery since it has been facing shortages as a result of constant militancy in the Niger Delta.
Tehran is in talks with German companies over exporting gas to Europe. The country has signed a number of gas contracts with major international firms including German Siemens, Russian Gazprom, and South Korean Kogas.
Sub-Saharan Africa is expected to start operations of 43 crude and natural gas projects in total by 2025. Tullow Oil plc, Total S.A, Chevron Corporation, and Eni SpA are interested in the regional investments.
Iraq's oil exports from its southern ports rose to 3.2mb/d on average in July, up from 3.175mb/d in June, as the Arabic nation increased crude production to bring in a $3.744b in oil export revenues.
Kenya and Uganda are in talks to build separate crude pipeline in order to facilitate Uganda's oil export to Kenya's coastline, as transport cost is expected to increase over preliminary negotiated Uganda-Tanzania route.
Countries in the Middle East and North Africa (MENA) are seeking to boost their liquefied natural gas (LNG) import capacity. The region is forecast to become the world’s second-largest gas-importing area by 2040, with investments reaching $10.3b.
Oil prices rose nearly 3% in first half of August over reports of renewed talks by some members of the Organization of Petroleum Exporting Countries (OPEC) to restrain crude output.