South Africas oil and gas sector is set for growth as an upsurge in exploration and the increasing offshore prospects point towards considerable potential for its long-term upstream prospects, a study has suggested
Exploration
Shell’s divestment plans delayed due to polls in Nigeria
Shell’s divestment plan in Nigeria may take longer than expected, with an election in February likely to complicate the sales process and cause delay of upto a year
Cobalt and partners announce oil find offshore Angola
US firm Cobalt International Energy and its partners announced that they have discovered significant quantities of oil offshore Angola in the Kwanza basin
OMV expands portfolio in Madagascar with new onshore deal
OMV has signed a farm-in agreement with Tullow, an exploration-led firm that has been successful in finding and developing new resources onshore and offshore Africa, according to the company
SOCO International starts seismic tests offshore DR Congo
SOCO International has begun seismic tests at Lake Edward in DR Congos Block 5 using environmentally-sensitive techniques
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