BP Egypt and Eni have announced another important gas discovery in the Baltim South Development Lease in the East Nile Delta, offshore Egypt
Exploration
Nigeria to reduce environmental impact of oil exploration
The Nigerian National Petroleum Corporation (NNPC) has committed to reduce the impact of its oil industry on the environment as a means of preserving and conserving wildlife resources
SacOil granted 8 month licence extension for Malawi oil block
SacOil has announced it has been allowed an eight month extension of the current licence term of onshore licence, Block 1 – situated in the northern part of Malawi
Actemium wins BP Angola’s FPSO contract
Actemium has announced a new multi-million dollar contract with BP Angola for maintenance of two floating production storage and offloading units (FPSOs) offshore Angola
Oil price prediction from Africa Independents Forum
By the end of June 2016, oil prices could be up to US$57 a barrel and US$73 by 31 December 2016