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‘Africa oil and gas industry will continue to grow’, PwC review reveals

oil-africa-nate2b-flickrForeign direct investment (FDI) in African countries tripled from US$15bn in 2002 to US$46bn in 2012, according to the UN Conference on Trade and Development. (Image source: Nate2b/Flickr)The oil and gas industry in Africa continues to show substantial growth with new hydrocarbon provinces developing at a significant pace, according to a review by PricewaterhouseCoopers (PwC)

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Nigeria’s oil and gas output ‘to rise 33 per cent by 2030’

oilpump-africa-paul-lowry-flickrThe natural gas output in the country could grow by as much as six percent per year. (Image source: Paul Lowry/Flickr)Nigeria may see a 33 per cent rise in its oil production from 2.35mn bpd on an average currently to a new high of 3.13mn bpd by 2030, a new report has stated

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Eni to explore hydrocarbons in DR Congo’s coastal basin

offshore-congo-Icethorn-WikimediaCommonsEni has been operating in DR Congo since 1968. (Image source: Icethorn/Wikimedia Commons)Eni has signed a deal with DR Congo to explore hydrocarbons in the country’s coastal basin with the aim of expanding its foothold in sub-Saharan Africa’s oil producer

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Sonangol awards KCA Deutag US$170 million rig contract

KCA deutagKCA Deutag has been operating in Angola since 2005, where it currently manages three platform drilling rigs. (Image source: KCA Deutag)International drilling and engineering contractor KCA Deutag has won a US$170mn contract by Sonangol for its Ben Rinnes jack-up rig in Angola

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Oil discovered in Sahara Group’s onshore block in Nigeria

oil-nigeria-rsvstks-sxc.huSahara Group’s successful drilling programme followed a two year-long, two-phase, land-swamp 3D seismic survey in the 871 sq km license. (Image source: rsvstks/sxc.hu)Sahara Group has discovered commercial hydrocarbon in all three onshore oilwells drilled at Oil Prospecting Licence (OPL) 274 in the Edo State block, Nigeria, where the company holds 100 per cent working interest

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