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
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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
Shell set to buy BG Group for US$69.7bn
Anglo-Dutch oil explorer Shell will acquire British gas producer BG Group for US$69.7bn in cash and stock, both companies have announced
Ethiopia to build 160 oil depots to address fuel shortage problem
Ethiopian Petroleum Supply Enterprise (EPSE) has announced that it will built 160 oil depots across the country to resolve the occasional shortage of petroleum
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