IMF to support Africa’s oil exporters

IMF Drop of LightIMF managing director Christine Lagarde. (Image source: Christine Lagarde)The International Monetary Fund said it will support sub-Saharan Africa’s oil exporters to survive at a time of falling crude prices and growing fiscal pressures as Nigeria and Angola turn to the World Bank for financial assistance

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Africa Oil receives US$427mn from Maersk Oil

Tullow LokicharAfrica Oil has sold half of its stake in three exploration blocks in the Lokichar basin in Kenya. (Image source: Tullow)Tullow Oil partner Africa Oil Corporation has sold half of its stake in three exploration blocks situated in the Lokichar basin for US$427mn to Maersk Oil & Gas of Denmark 

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Sudan provides OVL three more oil and gas blocks for exploration

oil rig curraheeshutterSudan has offered Blocks 8, 15 and 24 for exploration of oil. (Image source: curraheeshutter)The Sudanese government has provided Indian-based ONGC Videsh (OVL) three more oil and gas blocks for exploration and production

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Chevron to sell 75 per cent of South African business

Chevron ken wolterThe move is aligned with Chevron's US$15bn divestment programme. (Image source: Chevron)US-based Chevron has announced plans that it may sell 75 per cent of its South African business

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Skills shortage and retention challenges for African oil and gas industry

AFRICAN RIGMixed fortunes for jobs in the African oil industry. (Image source: jbdodane)
Retaining skilled labour and increasing the skilled workforce are the two main challenges impacting upon African oil and gas operators in the low oil price environment

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