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Regional News: East & South Africa

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S. African Anti-Fracking Group Threatens Legal Challenge
Tuesday, July 22, 2014 A South African anti-fracking group threatens a legal challenge to government plans to grant shale gas exploration licenses in the Karoo semi-desert.

Mubadala Inks Agreement To Help Further Develop Somalia's Petroleum Sector
Friday, July 18, 2014 Mubadala Petroleum inks cooperation agreement with Somalia's Ministry of Petroleum and Mineral Resources to explore ways to further develop the country's petroleum sector.

Eco Atlantic to Farm-out Stake in Block 2012A Off Nambibia to Tullow Kudu
Friday, July 18, 2014 Eco Atlantic signs agreement with Tullow Oil's subsidiary Tullow Kudu to farm-out up to 40 percent stake in Block 2012A in the Walvis Basin, offshore Namibia.

Tullow To Challenge Ugandan Court Order To Pay $407M Tax Bill
Wednesday, July 16, 2014 Tullow Oil says it planned to challenge a Ugandan tax tribunal decision ordering it to pay a $407 million tax bill in relation to a 2012 sale of oil field stakes.

Mines Minister: S. Africa Ready to Re-Evaluate New Oil And Gas Law
Tuesday, July 15, 2014 South Africa may reconsider a new oil and gas law to ensure that investors can be make profits while securing a place for the state in the sector, Mineral Resources Minister Ngoako Ramatlhodi says.

Woodside Agrees to Acquire 70% Interest in Lake Tanganyika South Block
Monday, July 14, 2014 Woodside agrees to acquire a 70 percent interest in Lake Tanganyika South Block in western Tanzania.

ONGC Videsh Raises $2.2B to Refinance its Rovuma Area 1 Acquisitions
Wednesday, July 09, 2014 ONGC Videsh raises $2.2 billion in international capital markets, with the funds intended for use to refinance its acquisitions of 16 percent interest in Rovuma Area 1, offshore Mozambique.

South Africa Edges Closer to Karoo Shale Gas Development
Tuesday, July 08, 2014 A handful of international oil and gas companies are hoping that South Africa finally gets around to awarding shale gas exploration permits in the country's Karoo basin this year.

Algeria, Tanzania Close to Deal on Oil, Gas Exploration
Monday, July 07, 2014 OPEC member and gas exporter Algeria is in advanced talks for a first deal to start oil and gas exploration in Tanzania, boosting its ambitions to expand in east Africa, Algerian and Tanzanian energy ministers said.