Amid growing pressure for transparency and accountability, East Africa is going through a wave of change in the management of exploration and production rights of its newly struck oil and gas resources
Exploration
China provides assistance to Niger in efforts to extract oil
China has supported Niger in its efforts to extract oil in the country, Niger’s minister of state for foreign affairs Mohamed Bazoum revealed during his official visit to China
Deloitte urges East Africa to build oil storage facilities
Global consulting company, Deloitte East Africa, has urged countries in the East African region to construct oil storage facilities to take advantage of falling global oil prices
Guinea to bid 25 offshore blocks in 2015
The Republic of Guinea will launch a bidding round for up to 25 offshore oil blocks this year to attract more investments, the country’s minerals minister has announced
Seplat buys stakes onshore and offshore Nigerian blocks
Nigerian indigenous oil and gas company Seplat has announced that it has completed the acquisition of a 40 per cent working interest in OML 53 and a 22.5 per cent working interest in OML 55 in the West African country
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