SacOil to participate in Equatorial Guinea’s tank farm
South African oil and gas company SacOil will be involved in developing the Bioko Oil Terminal tank farm in Equatorial Guinea
Downstream
Marlin platform offshore Côte d’Ivoire starts production
RAK Petroleum has announced the start of production by operator Foxtrot International from a second platform on block CI-27 offshore Côte d’Ivoire
Oil prices to hit US$70 in 2016, Lloyd’s Register Energy study suggests
A new report reveals that majority of oil and gas executives believe the oil price will remain between US$50-US$70 in 2016, with almost 27 per cent respondents believing it will hover around US$70
Forte Oil sells stake to Mercuria Energy Holdings
Mercuria Energy Holdings SA (Mercuria) has acquired 17 per cent equity stake in Nigeria’s Forte Oil plc (Forte Oil) for US$200mn
Engen to develop its third fuel depot in Namibia
African energy multinational Engen has decided to develop Namibia’s Ondangwa fuel depot, which is the company’s third investment in the west African nation
