Production News for East & South Africa


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IEA: Surge In Global Oil Supply May Overtake Demand In 2018
Tuesday, February 13, 2018 The rise in global oil production, led by the US, is likely to outpace growth in demand this year, IEA says.

ExxonMobil's Reserves Jump 19% On Growth In US Shale, UAE
Friday, February 09, 2018 ExxonMobil says its oil and gas reserves surged 19% last year, thanks to growth in US shale, the United Arab Emirates and Guyana.

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.

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.

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.

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.

Italy's Eni Signs LNG Deal In Mozambique, Raising Hopes Of Gas Boom
Thursday, June 01, 2017 Eni signs an $8 billion deal to develop a gas field off the coast of Mozambique.

Eni To Sign Off On Mozambique Gas Project This Week
Tuesday, May 30, 2017 Eni will complete its long-awaited final investment decision on a large liquefied natural gas (LNG) project offshore Mozambique this week.

Aminex Confirms Production Testing at Ntorya 2 Well Onshore Tanzania
Tuesday, February 28, 2017 Africa-focused oil and gas company Aminex plc confirms that production testing on the recently drilled Ntorya 2 appraisal well, located in the onshore Ruvuma Basin of Tanzania, commenced Feb. 25.

Sasol Sees First Ever Oil From Mozambique In 2-3 Years
Monday, February 27, 2017 South Africa's Sasol will produce oil from Mozambican wells in 2-3 years, the first crude output from the southeast African country, joint chief executive Stephen Cornell says.