Weekly news roundup 26/04


Anglo African Reschedules Tilapia Well Report Over New Oil Findings, ExxonMobil adds to its Namibia offshore exploration acreage and more top news

Anglo African Reschedules Tilapia Well Report Over New Oil Findings. Anglo African Oil & Gas PLC said on Thursday it has requested new information to be included in the TLP-103C well's competent persons report, following the confirmation of new oil moving to the surface. Read more

ExxonMobil adds to its Namibia offshore exploration acreage. ExxonMobil is expanding its exploration acreage in Namibia with, adding around 7 million net acres (28,000 square kilometers). Read more

Eni’s Descalzi pens gas MoU with Sonatrach’s new CEO. Italian oil and gas firm Eni has signed a memorandum of understanding on gas supplies with Algeria’s state company Sonatrach which this week got its new CEO. Read more

 ‘South Sudan is open for exploration’. South Sudan inherited 75 per cent of proven oil reserves from Sudan at the time of independence in 2011, making it the third largest oil reserve in sub-Saharan Africa. Read more

Stable oil price drives investment in burgeoning African oil, gas sector. Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above $60/bl, coupled with the continent’s rapidly expanding population, lure oil producers to one of the last remaining energy investment frontiers, Standard Banks affirms. Read more

The time is right for Namibian oil exploration. Stabilising crude oil prices above $60 per barrel will support investment in African oil and gas over the next five years, according to a note from Standard Bank on 24 April. That improved outlook could finally prompt a breakthrough in Namibian exploration. Read more
 

 
 
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