Sonatrach and Baker Hughes have announced the creation of a 20,000 sqm manufacturing facility in Arzew Industrial Zone, to strengthen Algeria’s position in upstream oil and gas market to meet local demand
Exploration
Africa Oil and Eco announce strategic partnership
Africa Oil Corp (AOC) has entered into a strategic partnership with Eco (Atlantic) Oil and Gas Ltd for exploration in West Africa and Guyana
FAR announces massive oil potential for offshore Gambia
Two offshore Gambia blocks have been assessed at a combined potential of 1.1bn barrels of oil, according to a statement released by FAR Limited
ONGC Videsh acquires 15 per cent stake in Namibia's Cooper Block
Eco Atlantic Oil & Gas has announced that ONGC Videsh has entered into an agreement with Tullow Namibia to acquire a 15 per cent stake in the PEL 0030 Cooper Block, located off the coast of Namibia
Egypt to offer oil exploration bid in Q1 2018
The Egyptian Ministry of Petroleum and Mineral Resources has announced to offer an oil exploration bid for the oil resources of the Red Sea in Q1 2018