Kinshasa-based energy company, Orion, remains upbeat about its prospects in central and western Africa, despite the low oil price environment
Orion upbeat about African oil and gas prospects
Exploration
Sasol receives go-ahead to develop oil and gas fields in Mozambique
South Africa-based Sasol has announced it has been given approval from the Mozambique Council of Ministers to develop more oil and gas fields in Mozambique
CGG undertakes major aerial survey of offshore South Africa
CGG has commenced a major aerial survey of offshore sites in South Africa
IMF to support Africa’s oil exporters
The International Monetary Fund said it will support sub-Saharan Africa’s oil exporters to survive at a time of falling crude prices and growing fiscal pressures as Nigeria and Angola turn to the World Bank for financial assistance
Africa Oil receives US$427mn from Maersk Oil
Tullow Oil partner Africa Oil Corporation has sold half of its stake in three exploration blocks situated in the Lokichar basin for US$427mn to Maersk Oil & Gas of Denmark
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