The World Bank group has announced that it will cease to finance new upstream oil and gas exploration projects after 2019
World Bank to stop funding oil and gas projects from 2019
Exploration
Eni finalises sale of 25 per cent interest in Mozambique's Rovuma Basin
Eni has announced it completed today the sale of a 25 percent indirect interest in the natural gas-rich Area 4 of the Rovuma Basin to ExxonMobil Development Africa B.V
Seismic survey underway in offshore Mozambique
In anticipation of future license rounds, seismic imaging specialist Spectrum has announced the commencement of a 2D seismic survey offshore Mozambique, on behalf of the Institute of National Petroleum (INP)
Oil prices rise nearly two per cent on China demand
Oil prices rose almost two per cent on Friday, as Chinese crude demand ruses and threats of a strike in Africa’s largest oil exporter
Petrolex to develop US$3.6bn oil refinery in Nigeria
Petrolex Oil & Gas Ltd has announced that it is planning to build a US$3.6bn oil refinery in Nigeria, with a capacity of 250,000 bpd
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