Africa Oil enters JV to acquire South Omo Block

Africa Oil has signed a Farmout Agreement and Joint Venture Agreement with Agriterra (formerly White Nile Ltd.) to acquire an 80 per cent participating interest and operatorship of the South Omo Block in Ethiopia.

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VAALCO discovers oil offshore Gabon

VAALCO announced the Southeast Etame No. 1 (ETSEM-1) exploration well completed drilling to a total depth of 2,757 m offshore Gabon and encountered approximately five m of Gamba sandstone section which logged oil full to base.

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EGPC grants HPI prime contractor right for major projects

HPI ANNOUNCED THEIR receipt of the EGPC certification from the Ministry of Oil in Egypt. The Egyptian General Petroleum Corporation (EGPC), certifies companies for contracting work in the oil and gas sector. This certification grants HPI the right to act as prime contractor on major projects in Egypt.

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Egypt eyes rig reduction after spill

Egypt is considering reducing the number of oil rigs operating in the Gulf of Suez after an oil spill polluted a stretch of Red Sea coast popular with tourists, the oil ministry said.

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Sonangol needs bigger Galp slice

SONANGOL SHOULD BOLSTER its stake in Portugal's Galp Energia as part of its strategy to expand its business abroad, according to oil minister Jose Botelho de Vasconcelos.

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