Africa | Egypt Oil & Gas - Part 21
Angola Economy Reeling from Low Oil Prices
Angola, Africa’s largest crude producer after Nigeria, is facing extreme austerity measures as it deals with the fallout of low oil prices, reported Bloomberg. This fiscal year’s budget has already been cut by 25%, wi...
Angolan Maritime Oil Sector Reaching Out to China and UK
British oil company Ceona has established a “strategic partnership” with Interoil Angola, the company said in a statement on its website, as reported by Macauhub. Bill Hickie, vice president for business development a...
Roseneft Join Forces with ExxonMobil in Mozambique
RN-Exploration is a 100 percent-owned subsidiary of Rosneft of Russia and Exxon Mobil Exploration and Production Mozambique Offshore Limited is also a 100 percent subsidiary of US group ExxonMobil. The two companies s...
GE Buys $2.5bn Worth of Oil from Africa
General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola. That figure is $500 million more than ...
Production to Begin Soon in Nigeria’s Aje Field
The Aje shallow-water field offshore Lagos might begin crude oil production before the year runs out following the commencement of drilling on the Aje-5 production well on the Oil Mining Licence 113. The well is being...
Tullow Manages to Reduce its Losses
Tullow Oil Plc, an Africa-focused energy producer, reported a smaller first-half loss after exploration writedowns shrank. The net loss was $68 million compared with $95 million a year earlier, the London-based compan...
Nigeria’s President to Split State Oil Company in Two
Nigerian President Muhammadu Buhari plans to split the state-owned Nigerian National Petroleum Corporation (NNPC) into two entities, his spokesman said on Saturday. Buhari, elected in March on promises to combat corru...
GE Strikes $2.5 Billion African Orders From Oil to Locomotives
General Electric Co. booked $2.5 billion of orders from sub-Saharan Africa in the past 11 months, including oil and gas equipment for Eni SpA in Ghana and locomotives for Angola. That figure is $500 million more than ...
