Regional News: East & South Africa

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Bowleven Plans to Acquire KNDL, Ruvuma PSA Stakes
Thursday, November 19, 2015 Bowleven plans to acquire a 25% interest in the Kiliwani North Development License (KNDL) and a 50% interest in the Ruvuma PSA, in Tanzania.

Tullow Comes Up Dry with Kenya Well
Tuesday, November 17, 2015 Tullow reports that its Emesek-1 well in northern Kenya has failed to find commercial hydrocarbons.

Tullow, Ophir Cut CAPEX amid Continued Low Oil Price
Wednesday, November 11, 2015 Africa-focused oil and gas companies, Tullow Oil and Ophir, cut their capital expenditure for 2016 following a continued low oil price.

Maersk Oil to Acquire 50% of Africa Oil's Interests in Kenya, Ethiopia
Monday, November 09, 2015 Maersk Oil & Gas will acquire 50% of Africa Oil's interests in blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo blocks in Ethiopia.

Eni Discovers Gas Offshore Congo
Thursday, November 05, 2015 Eni discovers gas and condensates offshore Congo in the exploration prospect of Nkala Marine, located in Marine XII block.


Wentworth: First Payment Received for Tanzania Gas Delivery
Wednesday, November 04, 2015 Wentworth Resources Limited announces that the first payment has been received for gas delivery from the Mnazi Bay concession in southern Tanzania to the country's new transnational pipeline.

Sonangol, Total Deepwater Project To Add 30,000 Bpd To Angola Oil Output
Monday, November 02, 2015 Sonangol and a unit of Total will break ground on a new deepwater oil pumping project that will add over 30,000 barrels a day to Angola's oil production.

Chevron Brings Lianzi Field Online
Monday, November 02, 2015 Chevron Overseas (Congo) Limited commences oil and gas production from the Lianzi Field, located in a unitized offshore zone between the Republic of Congo and the Republic of Angola.

Eni to Decide on Mozambique LNG Project Investment by Year-End
Friday, October 30, 2015 ENI says it will make a final investment decision for the Coral LNG project by year-end.

Orca Closes $60M Loan Deal with IFC to Fund Songo Songo Gas Project
Friday, October 30, 2015 Orca closes $60 million loan deal with International Finance Corp., with proceeds used partly to fund Songo Songo field development program offshore Tanzania.

Statoil Acquires Stake in South Africa's Tugela South
Thursday, October 29, 2015 Statoil completes a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited to acquire a 35% interest in the ER 12/3/154 Tugela South Exploration Right, offshore South Africa.

Mozambique to Hold Next Oil, Gas Bidding Rounds in 2017
Thursday, October 29, 2015 Mozambique will hold its next bidding rounds to explore new fossil fuel blocks in 2017, according to a senior official.

Total to Resume South African Offshore Drilling Next Year
Wednesday, October 28, 2015 French oil major Total expects to resume drilling offshore South Africa during the second half of 2016.

WoodMac: Tax Rethink Needed in Sub-Saharan Africa
Wednesday, October 28, 2015 Wood Mackenzie says that revisions to how oil and gas companies are taxed may be needed to unlock sub-Saharan Africa's 48 billion barrels of discovered oil if the current period of low energy prices persists.

Mozambique Awards Exxon, Eni Licenses for Exploration
Wednesday, October 28, 2015 Mozambique's government awards six licenses to search for oil and gas.

Nigeria Launches Televised Oil Contracts Bids, To Slash Number Of Deals
Tuesday, October 27, 2015 NNPC began auctioning annual crude term contracts on live television and said it would cut the number of contract holders by almost two thirds.