Africa’s oil and gas industry holds the potential for further growth mainly driven by an increase in investor appetite and a rebound in prices, according to PricewaterhouseCoopers’ (PwC) annual Africa oil and gas review 2019
Exploration
Africa Oil to acquire Petrobras assets in Nigeria
Canada-based Africa Oil Corp has agreed to acquire a 50 per cent stake in Petrobras Oil and Gas, which owns a stake in producing assets in deepwater Nigeria
IEA: Global energy efficiency progress drops to slowest rate
Energy efficiency has tremendous potential to boost economic growth and avoid greenhouse gas emissions, but the global rate of progress is slowing – a trend that has major implications for consumers, businesses and the environment, according to the International Energy Agency (IEA)
Kosmos strikes oil offshore Equatorial Guinea
The government of Equatorial Guinea, represented by the Ministry of Mines and Hydrocarbons, has announced that US oil company Kosmos Energy has made an oil discovery in offshore Equatorial Guinea
Tower Resources to conduct well site survey in Cameroon
Tower Resources, the AIM-listed oil and gas company with a focus on Africa, has signed a contract with Geoquip Marine Operations to conduct the site survey at the intended NJOM-3 well location on the company’s Thali license in Cameroon
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