Oman to set up fuel storage facility in Africa
Oman, the largest non-OPEC producer of oil in the Middle East, is planning to establish a foothold in Africa to promote its business interests in trading fuel and crude
Downstream
Nigeria seeks investors for its first shipyard
Nigeria Liquefied Natural Gas Company (NLNG) is looking for investors to build a US$1.5bn shipyard at Badagry, in an attempt to promote the West African country as a hub for maritime operations in the continent
New report reveals rise in midstream M&A in Q1 2015
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
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
