East & South Africa News


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Wentworth Appoints New CEO
Monday, January 15, 2018 East Africa-focused oil and gas company, Wentworth Resources Limited, appoints Eskil Jersing as its new CEO.

Oil, Gas Majors to Boost Renewable Spend
Friday, January 12, 2018 Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018.

Oil Crosses $70 Threshold in London as Worldwide Glut Dwindles
Thursday, January 11, 2018 Oil briefly topped $70 a barrel in London for the first time in three years.

OPEC's Cheer Over 2018 Oil Rally Tinged By Shale Worries
Tuesday, January 09, 2018 Oil's price rally this year to its highest since May 2015 may seem a source of glee for OPEC.

OPEC's Oil Cuts Claim a Victim as Supertanker Earnings Crash
Tuesday, January 09, 2018 OPEC's strategy to end a worldwide crude glut is causing havoc for a vital link in the oil industry's supply chain.

Investors Sense Opportunities In Big Oil - But Mind The Gap
Friday, January 05, 2018 Investors are gaining confidence - up to a point - that 2018 will be the year of oil stocks.

Natural Gas Will Help Kenya Achieve 'Ambitious' Power Generation Goals
Friday, January 05, 2018 The introduction of natural gas for power generation, and the potential expansion of domestic gas production, will help Kenya achieve its 'ambitious' goals to increase power generation capacity.

Global Exploration Sector May Soon Return to Profit
Thursday, January 04, 2018 There are early signs that the global exploration sector may soon return to profit.

Why I Returned to the Oilfield...
Thursday, January 04, 2018 Oil and gas workers detail their journeys exiting - and coming back - to the industry.

Rig Trends: Offshore Rig Fleet Poised for Comeback, but More Time is Needed
Thursday, January 04, 2018 Most of the 2018 indicators are positive, and should they shake out as predicted, the second-half of next year could finally be the start of a true recovery.

Oil, Gas Outlook: M&A, Asset Development Key to Future Growth
Wednesday, January 03, 2018 Argo Consulting's Alan Free discusses where the silver lining may be for oil and gas in 2018.

Moody's Sees Oil Prices At $40-$60 Per Barrel This Year
Tuesday, January 02, 2018 Moody's Investors Service expects oil prices in the range of $40 to $60 per barrel in 2018.

2018 Outlook: Survey Reveals Industry's Outlook on Oil Prices, Jobs
Tuesday, January 02, 2018 Rigzone readers share their outlooks on some of the most pertinent issues affecting the oil and gas industry.

What to Watch for in the Downstream in 2018
Tuesday, January 02, 2018 Expert panel offers 2018 outlook for refining, petchems, LNG and more.

Top 5 Articles by Rigzone Staff in 2017
Friday, December 29, 2017 Rigzone reveals some of its most-read articles written by staff in 2017.

Top Rigzone-Staff Picks for 2017
Thursday, December 28, 2017 Rigzone's editors highlight articles they've particularly enjoyed writing in 2017.

The 2017 Downstream Countdown: 10 to 6
Thursday, December 28, 2017 Find out which countries were vying for the top LNG exporter spot in 2017.

Five Oil Signals to Watch as 2018 Pits OPEC Against Shale
Thursday, December 28, 2017 Oil traders are going to have their work cut out for them in 2018.

The 2017 Downstream Countdown: 15 to 11
Wednesday, December 27, 2017 Here's a recap of the top downstream articles on Rigzone in 2017, starting with numbers 15 through 11.

What Has Made 2017 Memorable in the Downstream?
Friday, December 22, 2017 They're not stand-up comics, but these folks know a thing or two about downstream highlights.

Global Conventional Discoveries Hit Record Low
Friday, December 22, 2017 Global conventional discoveries hit a record low in 2017, coming in at less than seven billion barrels of oil equivalent.

GMG Launches New Oil & Gas Services Business Unit
Friday, December 22, 2017 Engineering services company Global Marine Group launches Global Offshore, a new business unit that will deliver trenching and power cable laying services to the oil and gas sector.

BLOG: Wrapping Up a Year of Oil Price Predictions
Thursday, December 21, 2017 Volatility is the name of the game for oil prices, and in this end-of-year wrap-up, Rigzone shows the ups and downs that were present in this year’s predictions.

Rigzone Survey Finds Downstream Hiring Hot Spots for 2017, 2018
Thursday, December 21, 2017 Survey participants also reveal where jobs should be most plentiful in the downstream next year.

The 2017 Downstream Countdown: The Final Five
Thursday, December 21, 2017 Presenting, Rigzone's top five downstream articles for the past year.

Oil Deal May Win Back Sudan Some Influence Over Former Enemy
Friday, December 15, 2017 Sudan lost three-quarters of its oil reserves when the south seceded in 2011. A four-year civil war in Africa's youngest nation may be letting it reassert control.

Mozambique President Sacks Energy And Foreign Ministers
Wednesday, December 13, 2017 Mozambican President Filipe Nyusi has sacked 4 ministers, including those with the foreign affairs and energy portfolios, his office said in a statement late on Tuesday.

ExxonMobil to Lead Construction, Ops of Mozambique LNG Facilities
Wednesday, December 13, 2017 ExxonMobil assumes responsibility for midstream ops in deepwater Mozambique block.

Seismic Survey Offshore Mozambique Commences
Friday, December 08, 2017 Seismic imaging specialist Spectrum announces the commencement of a 2D seismic survey offshore Mozambique on behalf of the Institute of National Petroleum.

Nigeria Refining Push Prompts $3.6 Billion Petrolex Plan
Wednesday, December 06, 2017 Nigeria is set to get another new oil refinery as a government push to end fuel imports attracts investors to the industry.

Official: South Sudan Owes Sudan $1.3B From 2012 Oil Deal
Tuesday, December 05, 2017 South Sudan still owes neighbouring Sudan $1.3 billion from a 2012 deal that ended a dispute over oil payments.

India's ONGC Buys 15% Stake In Namibia Offshore Block From Tullow
Tuesday, November 21, 2017 India's ONGC Videsh Ltd (OVL) acquires a 15% stake in Namibia's offshore Block 2012A from Tullow Oil.

South Africa Eyes BRICS Partners To Build New $10 Billion Refinery
Tuesday, November 21, 2017 South Africa wants the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery.

Djibouti Signs Preliminary Deal With China's POLY-GCL For $4B Gas Project
Thursday, November 16, 2017 China's POLY-GCL Petroleum Group Holdings Ltd signs an MoU to invest $4B in a natural gas project in Djibouti.

Kenya Offers Bigger Share Of Oil Revenue To Local Communities
Friday, November 10, 2017 Kenya's government has proposed in a draft bill to give 30% of prospective oil revenue to the community where the resource was discovered.

Perry Says Fossil Fuels Could Help Prevent Sexual Assaults In Africa
Thursday, November 02, 2017 US Energy Secretary Rick Perry suggests that the expansion of fossil fuel use in Africa would help protect people there from sexual assault.

Eco Gains Key Clearance Ahead of Potential Drilling Offshore Namibia
Thursday, November 02, 2017 Eco (Atlantic) Oil & Gas Ltd receives a key clearance ahead of potential drilling in the offshore Cooper block (PEL30) in the Walvis Oil Basin in North Central Namibia.

Nigeria's Oranto Petroleum Signs Uganda Oil Exploration Deal
Tuesday, October 10, 2017 Nigeria's Oranto Petroleum has signed two production sharing agreements with Uganda to explore for oil and gas around Lake Albert.

Mozambique Moves Closer to LNG Development, but Hurdles Remain
Tuesday, September 26, 2017 Mozambique has signed framework agreements for two LNG terminals, but market and contractual risks as well as potential above-ground problems present difficulties.

Uganda Signs Oil Exploration Deal With Australia's Armour Energy
Thursday, September 14, 2017 Uganda signs an oil exploration deal with Australia's Armour Energy Limited.

Sasol Tempers Return Expectations for $11 Billion Project
Monday, August 21, 2017 Sasol lowered estimated returns at its $11 billion Lake Charles chemicals project in the US and said it's disputing a revised tax bill in South Africa.

Nigeria State Oil Firm Says Its Production Costs Cut To $23 A Barrel
Wednesday, August 16, 2017 Nigeria's production cost per barrel of crude oil is down to $23, the state oil company says.

Standard Bank Seeks to Raise $3 Billion for Ugandan Oil Pipeline
Tuesday, August 15, 2017 Standard Bank Group Ltd.'s Ugandan unit plans to raise $3 billion for a crude pipeline by the second half of next year.

Britain's Tullow Launches Oil, Gas Exploration In Zambia
Friday, August 11, 2017 Tullow Oil starts exploring for oil and gas in Zambia.

Uganda Picks GE for Group to Develop Oil Refinery Project
Monday, August 07, 2017 Uganda chose a group including General Electric Co. to build and operate a 60,000-barrel-a-day refinery that will process crude from fields being developed by Total SA and Tullow Oil Plc.

Natref Refinery To Reach Full Output This Weekend After Disruption
Friday, August 04, 2017 South Africa's 108,000 barrel-a-day Natref refinery, operated by Sasol and Total will reach full output this weekend.

IMF Sees Oil Making Up As Much As 4% Of Battered Uganda Economy
Tuesday, July 25, 2017 Uganda's new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the IMF says.

Diplomat: Russia's Rosneft Plans To Open Mozambique Office
Thursday, July 13, 2017 Rosneft is preparing to open an office in Mozambique, a senior Mozambican diplomat says.

Tlou Energy Looking to Progress Botswana CBM Project
Tuesday, July 04, 2017 Tlou Energy Limited lodges a mining license application for the Lesedi coal bed methane project.

Kenya Says Major Wind Power Line to be Ready in Three Months
Thursday, June 29, 2017 A power line linking a 310 megawatt (MW) wind power plant to Kenya's national grid, delayed by landowners' compensation demands among other issues, is expected to be ready in the next three months, the energy minister said.

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