AfrOil - Africa Oil & Gas
Perenco to assume operatorship of Etinde gas field offshore Cameroon
UK-based Bowleven Oil & Gas says its partner New Age (African Global Energy) has arranged to transfer operatorship of the Etinde field offshore Cameroon to the British-French company Perenco.
Central African Forest Initiative (CAFI) responds to DR Congo’s attempted balancing act
Kinshasa intends to auction off oil and gas exploration blocks next month and proceed with a $500mn forest preservation project, despite concerns about conflicting objectives.
ANPG sees Angola’s oil and gas sector attracting $66bn in investment over next five years
Angola’s National Agency for Petroleum, Gas and Biofuels (ANPG) expects the country’s hydrocarbon sector to attract $66bn worth of investments over the next five years.
AfrOil: Impact Oil & Gas may exit Namibia’s Venus project
South Africa’s Impact Oil & Gas is reportedly mulling the possibility of selling its 20% stake in Block 2913B offshore Namibia, which contains the massive Venus-1x discovery.
Liberia pledges to make few changes in fuel prices this month
Liberia’s Ministry of Commerce and Industry said in a statement on June 3 that it did not intend to make any drastic changes in the domestic fuel pricing regime before the end of this month.
Impact Oil & Gas mulls sale of 20% stake in Namibian block containing Venus oilfield
South Africa’s Impact Oil & Gas is reportedly mulling the possibility of selling its 20% stake in Block 2913B offshore Namibia, which contains the massive Venus-1x discovery.
VAALCO announces successful drilling of South Tchibala 1HB-ST well at Etame Marin
VAALCO Energy (US) reported on June 2 that it had successfully drilled the South Tchibala 1HB-ST well from the Avouma platform at the Etame Marin block offshore Gabon.
Savannah Energy’s Accugas subsidiary signs gas supply agreement with Nigeria’s TAPL
Accugas, an 80% indirectly owned subsidiary of Savannah Energy, has signed a short-term deal with TransAfam Power Ltd (TAPL) on the delivery of natural gas for use at the latter company’s power plants in Nigeria’s Rivers State.
Kenyan MPs approve proposal to reduce VAT rates for LPG
Kenyan legislators have endorsed a proposal to amend the 2022 Finance Bill to reduce the rate of value-added tax (VAT) levied on LPG.
Nigeria approves Morocco pipeline proposal
World Bank issues $150mn guarantees for acquisition of gas-fired power station in Mozambique by Azura
Tullow, Capricorn in Africa-focused merger
Two London-listed companies, Tullow Oil and Capricorn Energy, have reached agreement on an Africa-focused merger valued at nearly GBP657mn.
Renewables, not gas, key to Africa’s power future
Renewable energy is the key to driving economic development in Africa, rather than natural gas, offering lower costs, more employment, a more sustainable future and better economic diversification.
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