BTG Pactual and Petrobras International Braspetro B.V. (PIBBV) have signed a US$1.5bn agreement to establish a joint venture (JV) for the exploration and production of oil and gas in Africa
Exploration
Oyster Oil & Gas to join Candax Energy on Madagascar onshore block
Candax Energy has announced that its subsidiary Candax Madagascar Limited will sell a 10 per cent working interest in Block 1101 onshore Madagascar to Oyster Oil & Gas
EnerGulf Resources granted 15 per cent interest in Namibia’s Block 1711
Namibias government has granted EnerGulf Resources a 15 per cent interest in offshore Block 1711 following the signing of a new Petroleum Agreement (PA)
Kenya-Uganda-Rwanda pipeline 'to strengthen East African economy'
Kenya, Uganda and Rwanda have formed an agreement to construct an oil pipeline connecting the three countries in an effort to strengthen regional co-operation and reduce energy costs
Mart experiences temporary UMU-11 well setback in Nigeria
Mart Resources, SunTrust Oil Company and operator Midwestern Oil and Gas Company have provided an update on drilling operations at the Umusadege field in Nigeria