Global consulting company, Deloitte East Africa, has urged countries in the East African region to construct oil storage facilities to take advantage of falling global oil prices
Exploration
Guinea to bid 25 offshore blocks in 2015
The Republic of Guinea will launch a bidding round for up to 25 offshore oil blocks this year to attract more investments, the country’s minerals minister has announced
Seplat buys stakes onshore and offshore Nigerian blocks
Nigerian indigenous oil and gas company Seplat has announced that it has completed the acquisition of a 40 per cent working interest in OML 53 and a 22.5 per cent working interest in OML 55 in the West African country
Kosmos Energy signs farm-out agreement for three offshore Mauritania contract areas
Kosmos Energy has entered into a farm-out agreement with Chevron Mauritania Exploration, a wholly-owned subsidiary of Chevron, covering the C8, C12 and C13 contract areas offshore Mauritania
Global Petroleum Limited gets extension on Namibian licence
Global Petroleum Limited has been granted a 12-month extension on the Initial Exploration Period for its Petroleum Exploration Licence 29, situated in Namibia’s Walvis Basin, which is now be valid until December 2015
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