Downstream

Purchase of 90 per cent interest in Belo Profond offshore Madagascar·

Belo, Profond, offshore, Madagascar, SAPETRO, MAREX, Trachsel

SAPETRO reaches agreement with Marex MC Inc to purchase 90 per cent participating interest in the Belo Profond Production Sharing Contract (PSC)

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MSIS Group secures $480,000 contract in Ghana

MSIS_Group

INDUSTRIAL CLEANING AND environmental waste management specialist, the MSIS Group, has secured a US$480,000 contract with Ocean Rig in Ghana – the first with the drilling company

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Majority of oil growth needs to come from North Africa and ME

Majority, oil, growth, North Africa, ME, IEA, Fatih Birol

$38tn needed to meet energy demand says IEA

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Bowleven shares boosted by Cameroon find

Bowleven, shares, Cameroon, find, boost, africa, 124mn

Bowleven sold its shares on London’s Alternative Investments Market at 103 pence each, a 37 per cent premium on its price before the discovery in the Etinde permit was announced

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Uganda Government earns $438mn from oil

Income expected to total $909mn when two transactions have been completed and full payments made

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