Niger has announced that it has signed a production sharing agreement (PSA) with SuntrustOil Company Nigeria Limited for an onshore oil block
Exploration
Barclays Bank Kenya finances oil rigs for Kenyan projects
Barclays Bank Kenya has announced that it has extended a US$13mn loan to an exploration company to help it buy rigs for its operations in the East African country
Cairn Energy to start exploring offshore fields in Africa
Cairn Energy has announced that it will start four new offshore exploration projects in northwest Africa within weeks
Eco Oil & Gas wins exploration licence in Namibia
Eco Oil & Gas has announced that it has received final approval from Namibia’s Ministry of Mines and Energy for the inclusion of all oil and gas rights on its Skeleton Coast License#31
Genel Energy acquires stake in oil block onshore Ethiopia
Independent oil explorer Genel Energy has announced that it has acquired a 40 per cent interest in the Adigala Block onshore Ethiopia