Oil Review Africa weekly digest - 15th - 19th May

pixabay jp26jp for ORA 307Here is a brief overview of the week's new on Oil Review Africa, from 15 - 19 May 2017

Solo Oil announces helium acquisition in Tanzania and Ruvuma gas progress 

Solo Oil has acquired a 10 per cent interest in Helium One Limited and announced plans to progress further with the Ruvuma gas field, increasing its presence in Tanzania. Click here to read the full story.  

Africa Oil announce oil discovery in northern Kenya

Canadian firm Africa Oil announced on 17 May that the Emekuya-1 well in Block 13T, Northern Kenya has encountered approximately 75 m of net oil pay in two zones. Click here to read the full story.  

Ecobank signs agreement with OiLibya for distribution of financial services 

Ecobank Transnational Incorporated, the parent company of Ecobank, has signed an agreement with OiLibya for the distribution of digital financial services. Click here to read the full story.  

Lake Malawi ownership dispute escalates 

The ownership of Lake Malawi, which has enormous oil and gas potential, remains in dispute with the government of Malawi announcing plans to take Tanzania to the International Court of Justice in The Hague. Click here to read the full story

IEA: Nigeria and Libya mixed output news but optimism remains high

Libya and Nigeria, exempt from OPEC cuts, have yet to challenge the supply pact with a substantial increase in output, according to the Oil Market Report released by the International Energy Agency (IEA). Click here to read the full story

Total expands exploration activities in Mauritania with a new deep offshore license 

Total and Mauritania have signed an exploration and production contract to perform exploration works on Block C7, which covers an area of 7,300 sq km. Click here to read the full story.  

Industry leaders upbeat about Senegalese oil and gas development 

Leaders from the oil and gas industry in Senegal are positive about hydrocarbons prospects for the west African country. Click here to read the full story.  

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