Midstream oil and gas deals activity, including capital markets and mergers and acquisitions (M&A), increased globally from 129 transactions in Q4 2014 to 139 in Q1 2015, says research and consulting firm GlobalData
Downstream
Tanzania likely to buy land for US$6mn to construct LNG terminal
Tanzania has earmarked US$6mn to buy land in the upcoming fiscal year, starting 1 July 2015, for the construction of a US$30mn liquefied natural gas (LNG) terminal
Africa Oil Corp raises US$100mn
Africa Oil Corp has entered into an investment agreement with Stampede Natural Resources to sell, on a non-brokered private placement basis, 52,623,377 of its common shares at a price of US$1.9 for gross proceeds of US$100mn
New free port to come up in Ghana for oil and gas companies
Ghana will open a US$600mn free port for oil and gas services to offshore and deep water exploration, development and production companies at Atuabo in 2018
Associated gas powers Wintershall’s Libya plant
BASF’s subsidiary Wintershall has announced that it will power its Libyan plant using associated gases
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