The International Monetary Fund said it will support sub-Saharan Africa’s oil exporters to survive at a time of falling crude prices and growing fiscal pressures as Nigeria and Angola turn to the World Bank for financial assistance
Exploration
Africa Oil receives US$427mn from Maersk Oil
Tullow Oil partner Africa Oil Corporation has sold half of its stake in three exploration blocks situated in the Lokichar basin for US$427mn to Maersk Oil & Gas of Denmark
Sudan provides OVL three more oil and gas blocks for exploration
The Sudanese government has provided Indian-based ONGC Videsh (OVL) three more oil and gas blocks for exploration and production
Chevron to sell 75 per cent of South African business
US-based Chevron has announced plans that it may sell 75 per cent of its South African business
Tullow Oil to pump crude in West Africa
Tullow has announced its 340-metre long production vessel will set sail this weekend to Ghana to pump crude oil for the next 20 years
More Articles …
