Final negotiations for the financing and construction of Uganda’s US$4bn domestic refinery began this month after Alpha MBM Investments from the United Arab Emirates was chosen by the government of Uganda as preferred bidder
Exploration
APPO, African Energy Chamber sign MoU to drive local content
The African Energy Chamber signed a memorandum of understanding (MoU) with the African Petroleum Producers Organisation (APPO) in Brazzaville
Panoro Energy gives update on infill drilling campaign offshore Equatorial Guinea
Panoro Energy ASA provides the following update on operations offshore Equatorial Guinea
South Africa approves transfer of interest in Orange Basin to Africa Oil from Eco
Africa Oil Corp has received the final approval from the Government of the Republic of South Africa for the transfer of a 6.25% interest in Block 3B/4B in the Orange Basin from Azinam Limited, a wholly owned subsidiary of Eco (Atlantic) Oil & Gas Ltd, to the Company as announced on 11 July 2023
What's in store for the oil market in 2024?
This year may see a broadly balanced oil market, reflecting slackening demand in advanced economies (impacted by monetary tightening), OPEC+ alliance cuts, plus a slowdown in non-OPEC supply, says economist Moin Siddiqi