Tag Archives: oil production
- EPSA contract signed today in Juba for South Sudan acreage.
- Oranto Petroleum is the 90% shareholder and operator of large Block B3, plans to invest $500 million for exploration and development.
- Government looks to new entrants to boost oil production.
Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the block today in Juba.
YAOUNDE, Cameroon, May 15, 2013/African Press Organization (APO)/ – An International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy, visited Cameroon during April 29–May 14, 2013 to conduct the 2013 Article IV Consultation. The mission met with Prime Minister Philémon Yang, Minister Secretary General at the Presidency Ferdinand Ngoh Ngoh, Minister of Finance Alamine Ousmane Mey, Minister of Economy, Planning, and Territorial Development Emmanuel Nganou Djoumessi, several other ministers, the Vice Governor and the National Director of the Bank of Central African States (BEAC), other senior officials, and representatives of the private sector, labor unions, civil society organizations, and development partners. The discussions focused on recent economic and financial developments, the 2013 budget, and the economic outlook for 2013 and beyond. At the end of the mission, Mr. de Zamaróczy issued the following statement:
ACCRA, Ghana, April 15, 2013/African Press Organization (APO)/ – A mission from the International Monetary Fund (IMF), led by Christina Daseking, visited Accra during April 2-12, 2013, to conduct discussions for the 2013 Article IV consultations. The mission met with President Mahama, Vice-President Amissah-Arthur, Finance Minister Terkper, Bank of Ghana Governor Wampah, other senior officials, members of parliament, and representatives of the private sector, think tanks, trade unions, and civil society.
ADDIS ABABA, Ethiopia, April 12, 2013/African Press Organization (APO)/ – The Chairperson of the Commission of the African Union, Dr. Nkosazana Dlamini Zuma, welcomes the news of the resumption of oil production by South Sudan, and its transit and export through Sudan’s oil pipeline. She notes that this marks another major step in the normalization of relations between Sudan and South Sudan, as well as a turning point in the economic fortunes of both countries, which have suffered greatly since oil production was halted in 2012. She welcomes the clear commitment and political will of the two countries to ‘reboot’ their relations, and encourages them to remain steadfast on this path.
World Bank Group financing for power generation, transmission and distribution, and energy policy and regulatory reform has helped expand access to millions of households in over 60 countries. Bank Group financing, combined with advisory and analytical services, knowledge products, as well as policy support, has also helped launch and scale up renewable energy generation and energy efficiency at national, sub-national and municipal levels. During 2002-11, the Bank supported projects for the construction and rehabilitation of about 115,000 kilometers of transmission and distribution lines and about 19,000 megawatts of generation capacity to improve access to reliable energy.
More than 1.2 billion people—about 17 percent of the world’s population—are without access to electricity, most of them concentrated in about a dozen countries in Africa and Asia. Another 2.8 billion rely on wood, charcoal, dung and coal for cooking and heating, which results in over four million premature deaths a year due to indoor air pollution. Shortages in power supplies, and their unreliable and poor quality, due to underinvestment, are also major challenges facing developing countries.
Top 10 Emerging Oil and Gas Exploration and Production Markets and Market Developments in Unconventional Oil
FARMINGTON, Conn., Jan. 10, 2013 /PRNewswire-iReach/ — The top 10 emerging oil and gas exploration and production markets include: the US Gulf of Mexico, Eagle Ford shale, Canada, the Santos basin in Brazil’s offshore region, Venezuela, Colombia, Poland and France in Europe, the western Siberian basin, Angola and Ghana in West Africa, and Mozambique and Tanzania in East Africa.
More than 25,000 Americans Work in Equatorial Guinea Today