Petrobras and BTG Pactual have entered into a US$1.53bn binding agreement to establish a 50-50 joint venture (JV) for oil and gas exploration and production (E&P) in Africa

Kenya and Uganda have announced that they plan to build a 350km oil pipeline from the Port of Mombasa to Uganda and that they are looking for investors

Samsung Heavy Industries has announced that it has clinched a US$3bn deal to build an offshore oil storage facility for a Nigerian firm

Russian oil company Lukoil has acquired 65 per cent stake of Block CI-504 offshore Côte d’Ivoire in West Africa

Sudan has said that Iraq will provide the cash-strapped African nation with oil while deferring payment