Oil & Gas
African downstream oil businesses agreement
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Shell recently announced it has agreed to divest the majority of its shareholding in most of its downstream businesses in Africa to Vitol and Helios Investment Partners for a total consideration of some $1bn.
Equatorial Guinea diversifies to LNG
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Equatorial Guinea was again one of SSA's largest exporters of crude oil in 2009. But hopes for the future rest just as equally on natural gas, the shrewdly marketed product whose earnings are much easier to predict
A study of Ethiopian oil
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Africa Oil Corp. recently signed a definitive agreement with the Government of Ethiopia to study the Rift Valley Block, which is located north of the Africa Oil's's South Omo Block and encompasses the remainder of the Tertiary age East Africa Rift Trend in Ethiopia.
Oil concession evaluation offshore Republic of Guinea
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Hyperdynamics Corporation recently announced the results of a resource evaluation conducted by Netherland Sewell and Associates Inc. (NSAI) of the company's oil and gas concession offshore Republic of Guinea.
Pioneering the use of Nigeria-made pipes for oil
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ExxonMobil has pioneered the use of made in Nigeria pipes in the oil and gas industry. And the company is set to deploy Helical Submerged Arc Welded (HSAW) pipes fabricated locally by SCC Pipe Mills for its Usari-Idoho pipeline replacement project in Akwa Ibom State.
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