All posts by Dominion


Ghana’s Insurers to dip into the Gravy

Ghana’s Petroleum Commission has empowered the country’s home grown insurance companies to gain a significant share of the upstream petroleum business.

After several rounds of conversation involving oil companies,

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Senegal Applies To Join The Elite Oil Producers’ Club

29metres Net, no water contact, 500metre column, but the number of reservoirs remains undisclosed

London listed Cairn Energy has given notice that Senegal is about to join the oil club. On October 7, 2014, the Scottish independent announced an oil discovery offshore the Northwestern country, one of the least explored territories on the continent.

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SacOil Now Almost an Oil Producer

By Fred Akanni

South African founded, JSE listed independent SacOil has entered into a sale and purchase agreement that may transform it into an oil producer, albeit a small one, in the next 15 months.

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Egypt to Reduce Debt on the Back of New Project

Revenue will reduce company’s outstanding receivables of $280Million to nominal levels by 2018

Dana Gas Egypt has concluded a Gas Production Enhancement Agreement (GPEA) with the Egyptian Natural Gas Holding Company (EGAS) and the Egyptian General Petroleum Company (EGPC).

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Mozambique Starts Piping Natural Gas to Homes, Hospitals

By Sully Manope

Mozambique has commissioned the landmark Gas Distribution Project of Maputo and Marracuene (PDGM), expected to supply natural gas to households and businesses in those two cities in the south of the country.

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Statoil Wins Shale Gas Tract in Algeria

‘Opportunity aligns with Statoil’s exploration strategy of early access at scale and deepening core positions’.

By Mohammed Jetutu, North Africa correspondent

Algeria has opened the way for detailed technical investigation of its shale gas resources, estimated at 707 Trillion Cubic Feet (Tcf) by the Energy Information Administration (EIA).

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Fadahunsi to Speak At NAPE Benin Chapter

Seye Fadahunsi is to deliver a special Nigerian independence anniversary petroleum geoscience presentation at an October 2014 edition of the technical meeting of the Nigeria Association of Petroleum Explorationists (NAPE).

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JEMMTEK Resources to Commission Chemicals Factory in October

Jemmtek Resources has concluded arrangement to commission a chemical production plant in Port-Harcourt, Rivers State, Nigeria.

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Trachsel Leaves SAPETRO

The company may adopt the family driven Moni Pulo management model

By Sully Manope

Martin Trachsel will be leaving SAPETRO, the Nigerian independent, at the end of September 2014.

He will be briefly succeeded by Dan Oguche, who retired from the company in 2013, but is currently a consultant in the system. Mr. Oguche is designated “Acting Managing Director”.

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Zenith Bank Joins the Fray

Top Nigerian lender grants credit to struggling local independent

By Fred Akanni

Zenith Bank stepped out of its comfort zone in September 2014, finalizing a $100 Million credit facility to Camac Energy for development of the Nigerian deep-water Oyo field.

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