Glencore loans US$1.3billion to Chad for purchase of Chevron's oil assets
Mining giant Glencore will provide a loan of US$1.3bn to Chad to purchase oil assets belonging to oil major Chevron
E&P
Total starts offshore development unit in Angola
French oil company Total has started operating a major offshore development unit, CLOV, in Angola, which has a capacity of 160,000 bpd
Eni signs farm-in agreement for permit offshore South Africa
Eni has signed a farm-in deal with Sasol Petroleum International to acquire a 40 per cent interest and operatorship in the Exploration Right Permit 236 (ER236) offshore South Africa
Tellus Resources to buy Caracal Energy’s share in Madagascar’s onshore asset
Australian company Tellus Resources will acquire Caracal Energy’s 25 per cent interest in the oil exploration asset Bezaha Oil Project Concession (Block 3114) located in Madagascar for 85mn company shares
UK looks to increase investment in East African oil and gas
The UK is looking to increase its investment in the East African oil and gas sector, according to Mark Simmonds, member of the UK parliament and minister for Africa at the UK Foreign & Commonwealth Office
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