African Petroleum has announced that the exclusivity granted to PetroChina to purchase a stake in exploration blocks in a variety of African countries has now expired
Exploration
Shell Nigeria sells OML stake to Elcrest
Shell Petroleum Development Company of Nigeria (SPDC), a subsidiary of Royal Dutch Shell (Shell), has completed the US$102mn sale of its 30 per cent interest in Oil Mining Lease (OML) 40 in the Niger Delta to Elcrest Exploration and Production Nigeria
Total push Ugandan oil production back to 2017
Repeated failures to achieve Ugandan oil production targets has meant that the East Africa nation will have to wait five more years before it can reap the benefits of its much treasured oil resources
Gasol inks AfGen Option Agreement
Africa-focussed oil firm Gasol will purchase the entire issued share capital of African Power Generation Ltd (AfGen) from African Development Corporation Ltd after entering an Option Agreement
Toyota Tsusho grants US$5 billion to Lamu-Juba pipeline project
Toyota Tsusho Corp has confirmed it will stump up US$5bn towards the cost of construction of the multi-billion Lamu-Juba oil pipeline, which will connect Kenya, Uganda, Ethiopia and South Sudan
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