OIL Archives - Page 4 of 6 - AfricaBusiness.com

7Nov

By Africa BusinessNo Comments

African News

Orange Business Services appoints new General Manager in Middle East & Africa

Orange Business Services appoints new General Manager (.pdf Acrobat Reader) priority on banking & finance, oil & gas and smart cities sectors Orange Business Services, the business services arm of France Telecom-Orange and one of the Middle East’s major ICT employers, has appointed Jean-Luc Lasnier as the new General Manager for the Middle East & Africa (MEA) region. His new mandate is to build on the recent momentum in the region, with a specific focus on strategic markets, including the United Arab Emirates (UAE) and Saudi Arabia in the Gulf Cooperation Council (GCC), alongside Morocco, Sub Saharan Africa and Turkey in the wider region. The key sectors for Orange in MEA include banking & finance, oil & gas and smart cities. “Strong...

6Nov

By Africa BusinessNo Comments

African News

Lubricant Demand Growth Stalls in Mature Markets, Strong Growth on the Horizon for New Emerging Markets, Sees Kline

PARSIPPANY, N.J., Nov., 2012 /PRNewswire/ -- Despite the challenges of a precarious economic environment, the 2011 global lubricant market grew a resilient 2%, with global lubricant demand estimated at 38.6 million tonnes. This growth was largely fuelled by the BRIC countries' resurgent industrial activity and expansion in the commercial and passenger vehicles sales, according to the recent Global Lubricants: Market Analysis and Assessment report by international consulting and research firm Kline & Company. The United States remains the largest lubricant market, but its near 22% global share continues to decrease. China and India are the next biggest markets with a combined total of over 26%, with Russia's consumption expected to surpass Japan's and consequently be the fourth...

6Nov

By The African Press OrganizationNo Comments

African News, Equatorial Guinea

American Businessman Talks About Investment In Equatorial Guinea

More than 25,000 Americans Work in Equatorial Guinea Today MALABO, Equatorial Guinea, Nov., 2012 /PRNewswire-USNewswire/ — Investing in Equatorial Guinea is a flexible and friendly process, according to American businessman John James. In a recent interview with Focus Washington, John James, founder and chairman of JD James & Company, an advisory firm serving governments, government sponsored enterprises and the global private sector in West and Central Africa, said that Equatorial Guinea offers more flexibility to establish a business than other African countries because the government has deeply focused on the country’s development. James has lived and worked in Africa for more than ten years. James said that Equatorial Guinea is one of the most dynamic stories in Afric...

5Nov

By Africa BusinessNo Comments

African News, Kenya News

Deforestation Costing Kenyan Economy Millions of Dollars Each Year and Increasing Water Shortage Risk, UNEP and Kenya Forest Service Report Finds / Services from Kenya’s Water Towers Underpin Many Sectors of Economy

NAIROBI, Kenya, November 5, 2012/African Press Organization (APO)/ – Deforestation deprived Kenya’s economy of 5.8 billion shillings ($US 68 million) in 2010 and 6.6 billion shillings in 2009, far outstripping the roughly 1.3 billion shillings injected from forestry and logging each year, according to a joint Kenya Forest Service (KFS) and UN Environment Programme (UNEP) report. The ongoing work of the KFS, together with the Kenya National Bureau of Statistics (KNBS) and international partners, says that the contribution of forests is undervalued by 2.5 per cent, putting the estimate of its annual contribution to Gross Domestic Product (GDP) at around 3.6 per cent. Hon. Dr. Noah Wekesa, Kenya’s Minister of Forestry and Wildlife, said the report – entitled ‘The ...

5Nov

By Africa BusinessNo Comments

African News

PanAtlantic Exploration Company Adopts Paradigm’s Subsurface Software Suite for International Deepwater Exploration and Production Projects

Paradigm solutions to improve cycle times and enhance subsurface reliability. [05-November-2012] LAS VEGAS, Nov. 5, 2012 /PRNewswire/ — Paradigm™ (www.pdgm.com) announced today that PanAtlantic Exploration Company has adopted Paradigm geophysical and petrophysical applications for all of its exploration and production work in the deepwater environments of Brazil and Africa. PanAtlantic will use the Paradigm solutions for every step in the upstream workflow, from seismic processing and imaging through interpretation and modeling, reservoir characterization, reservoir engineering, and well planning and drilling engineering. The announcement was made at the 2012 SEG International Exposition and 82nd Annual Meeting, Las Vegas. (Logo: http://photos.prnewswire.co...

23Oct

By Africa BusinessNo Comments

African News

CAMAC Energy Inc. to Present at 19th Africa Oil Week

HOUSTON, Oct., 2012 /PRNewswire/ -- CAMAC Energy Inc. (NYSE MKT: CAK) ("the Company") announced that Dr. Kase Lawal, Chairman and Chief Executive Officer, will present at the Corporate Strategies in Africa session at the 19th Africa Oil Week in Cape Town, South Africa on Friday, November 2 at 9:10 a.m. South Africa Standard time (2:10 a.m. Central time). About CAMAC Energy Inc. CAMAC Energy Inc. (NYSE MKT: CAK) is a U.S.-based energy company engaged in the exploration, development and production of oil and gas. The Company's principal assets include interests in OML 120 and OML 121, offshore oil and gas leases in deep water Nigeria which include the currently producing Oyo Oilfield, and six recently acquired exploration blocks in Kenya and Gambia. The Company is currently purs...

23Oct

By Africa BusinessNo Comments

Kenya News, Mozambique News, South Sudan, Tanzania News

Oil and Gas industry leaders sign up to join the Energy Ministers of Kenya, South Sudan, Tanzania and Mozambique at the Official East Africa Oil and Gas Summit co-hosted by the Ministry of Energy Kenya 13-14 November, Nairobi

EAOGS October (MS word) Momentum is building towards the East Africa Oil and Gas Summit as market drivers TULLOW, NOC KENYA, PETROBRAS, HALLIBURTON, EXXON, ANADARKO, WEATHERFORD, FUGRO, TOTAL SA, AFREN, CHASE, BERTLING, ECO BANK, CCC, IMARA ENERGY, SIMBA, NILEPET, OPHIR and YOKAGAWA all signed up as delegates this week to attend the Ministers' Official East Africa Oil and Gas Summit (EAOGS) joining more than 100 companies who have already booked for the official annual event for the Oil & Gas industry in East Africa taking place in Nairobi 13-14 November at the Intercon Nairobi. As the Ministers’ initiative for the East Africa region EAOGS led by Hon Prof SospeterMuhongo, Minister of Energy & Minerals, Tanzania; Hon. Stephen DhieuDau, Minister for Petroleum, Energy and Mi...

20Oct

By Africa BusinessNo Comments

African News, Angola News

AIOGACE 2013: 2nd Angola International Oil and Gas Conference and Exhibition

AIOGACE (Microsoft Word) “On behalf of the Ministry of Petroleum, Republic of Angola and AME Trade, we are pleased to invite you take part in the second edition of the Angola International Oil and Gas Conference and Exhibition ( AIOGACE ) The first edition was a major success and attracted a total of 43 speakers, 40 Exhibitors, 450 delegates emanating from 20 countries. AIGOACE will aim to promote the development of the Oil and Gas Industry in Angola and showcase the enormous opportunities available to existing and potential investors. AIOGACE 2013 will create the perfect platform for companies who currently work in Angola to further demonstrate their commitment to Angola's Oil and Gas sector while giving potential investors unparallel access to hard core information about A...

20Oct

By Africa BusinessNo Comments

African News, Energy, Green Energy, Uganda News

UMEC 2013: 1st Uganda, Mining, Energy & Oil & Gas Conference and Exhibition

UMEC 2013 (Microsoft Word format) UMEC 2013 is a turnkey event focusing on the Republic of Uganda’s mining, energy and petroleum potential and their sustainable development. UMEC will feature two days of conference sessions, a trade exhibition, round table discussions, seminars as well as touristic trips and technical visits. The event will be organized by the Ministry of Energy & Mineral Development, Republic of Uganda, in association with AME Trade Ltd. The inaugural UMEC will gather international investors, industry experts, Ugandan decision makers, development partners and donors, as well as other key actors and partners in Uganda’s extractive industries. The main theme of UMEC 2013 is “Development through Sustainable Management of Uganda’s Energy & Mineral Resourc...

16Oct

By Africa BusinessNo Comments

African News

Oando Energy Resources Announces Spudding of Ebendo-5 Well

CALGARY, Alberta, October 16, 2012 /PRNewswire/ – Oando Energy Resources Inc. (“OER” or the “Company”) (TSX:OER), a company focused on oil exploration and production in Nigeria, today announced the spudding of the EB-5 well in the Ebendo Field (OML 56), located onshore Nigeria. OER commenced drilling operations on October 12, 2012 and has reached a depth of 4,000 ft. EB-5 is an appraisal well, targeted at evaluating the medium sands encountered during the recently-concluded EB-4 well drilling program. EB-5 is expected to reach a target depth of 10,000 ft and will enable the appraisal of any reserves that may be present in the five hydrocarbon bearing sands that were encountered while drilling the EB-4 well. The sands’ fluid contents were not conclusively determined during the...