CGGVeritas has announced that it is set to resume land seismic acquisition operations in Algeria·after being awarded a 3D vibroseis survey in the country by Groupement Timimoun (GTIM)
Exploration
South Africa warns oil firms to increase black ownership
A number of oil firms risk losing their licence to operate in South Africa after a government audit revealed their failure to adhere to state-mandated black ownership regulations
Lion Petroleum announces Kenya farm-in deal with NewAge
Taipan takeover target, Lion Petroleum, has agreed a farm-in deal with NewAge (African Global Energy) Ltd for Block 2B onshore Kenya
Africa Oil finds additional oil in Kenya
Canadian oil and gas company, Africa Oil, has announced its discovery of further oil in Kenya, the company’s third such discovery
Oil companies ‘invest US$2.4 billion’ exploring Ethiopia
The Ethiopian Ministry of Mines has announced that nine foreign companies are currently exploring Ethiopia for oil, investing a total of US$2.4 billion in the process
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