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Central Africa Oil & Gas News. Service for global professionals. Constantly updated news and information about Central Africa Oil & Gas.
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Latest Central Africa Oil & Gas News

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  • Obama in China, China in Africa 23 Nov 2009 05:53 GMT
    ... from Egypt, where a two-day forum on China-Africa Cooperation was held. China has agreed to increase ... last year China invested $9 billion in Congolese infrastructure, and got control of mining deposits ... China adds control of some of Nigeria’s, Cameroon’s and Gabon’s oil reserve in exchange for ...

  • Heritage Oil Pulls Out of the Country 23 Nov 2009 12:51 GMT
    ... Heritage Oil Pulls Out of the Country Kampala, Nov ... Country Kampala, Nov 23, 2009 (New Vision/All Africa Global Media via COMTEX News Network) -- British ... $50b. Tullow is also negotiating with the Congolese government to get the concession for the other ...

  • UPDATE 3-Heritage sells fields to Eni, ends Genel talks 23 Nov 2009 12:14 GMT
    ... Nov 23 (Reuters) - UK explorer Heritage Oil has agreed to sell its Ugandan interests ... was targeting companies and field stakes in Africa and the Middle East. Analysts said the deal ... explorer Maurel&Prom's interest in the M'Boundi in Congo field in 2007. Heritage's 50 percent interests in block 1 ...

  • Heritage Oil Enters Into a Letter of Intent to Sell Its Ugandan Interests for Up to US$1.5 Billion 23 Nov 2009 07:42 GMT
    ... FOR DISSEMINATION IN THE UNITED STATES Heritage Oil Plc (TSX:HOC)(LSE:HOIL), an independent upstream exploration and ... and 2 in the Democratic Republic of Congo, which are currently awaiting presidential decree - Discussions with Genel ... and gas in its core areas of Africa, the Middle East and Russia. - Heritage has ...

  • FACTBOX-Uganda's oil industry 23 Nov 2009 13:24 GMT
    ... to buy a stake in two large oil exploration blocks in Uganda for up to ... of deals likely to make the east African country an oil producer soon. Following are some ... western border with the Democratic Republic of Congo and south to Lake George. The area runs over 500 ...

  • Eni To Buy Stakes In Ugandan Oil Fields 23 Nov 2009 05:57 GMT
    ... Eni To Buy Stakes In Ugandan Oil Fields (RTTNews) - Energy company Eni SpA ... as one of the active competitors in Africa. Eni already has interests in the Republic of Congo, Nigeria and Ghana. Reportedly, Eni and Heritage both declined ...

  • Eni Buys Uganda Oil Exploration Blocks From Heritage Oil for $1.5 Billion 23 Nov 2009 13:33 GMT
    ... biggest energy company, agreed to buy Ugandan oil assets from , the U.K. explorer that ... seeking to expand reserves with fields in Africa, central Asia and the Gulf of Mexico after ... strategic agreement with the Democratic Republic of Congo. “Eni’s extensive experience in West Africa should help ...

  • Firms to get 'too much profit' from Uganda oil 23 Nov 2009 10:31 GMT
    ... Foreign oil explorers are set to reap "excessive" profit ... an advocacy group said on Monday. East Africa's third largest economy hopes to join the ... Graben region bordering the Democratic Republic of Congo. Kampala says initial, small production would start soon. Neither ...

  • Heritage Oil to sell Ugandan fields to Italy's Eni 23 Nov 2009 10:18 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale recognized "the very large multibillion ...

  • ENI buys Heritage fields in Uganda 23 Nov 2009 10:56 GMT
    ... one of the biggest sedimentary bowls in Africa, and contained over one billion barrels of oil ... The company has operations in Angola, Ghana, Gabon, Mozambique, Nigeria and Congo. It produces about 450,000 barrels of oil ...

  • Britain's Heritage Oil PLC agrees to sell Ugandan fields to Italy's Eni, drops bid for Genel 23 Nov 2009 11:50 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale recognized "the very large multibillion ...

  • HeritageOil to sell Ugandan fields to Italy's Eni 23 Nov 2009 14:10 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale recognized "the very large multibillion ...

  • Britain's Heritage Oil PLC agrees to sell Ugandan fields to Italy's Eni, drops bid for Genel 23 Nov 2009 10:09 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale recognized "the very large multibillion ...

  • Heritage Oil to sell Ugandan fields to Italy's Eni 23 Nov 2009 10:56 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief executive Tony Buckingham said the agreed sale recognized "the very large multibillion ...

  • Britain''s Heritage Oil PLC agrees to sell Ugandan fields to Italy''s Eni, drops bid for Genel (EU-Britain-Heritage-E) 23 Nov 2009 13:27 GMT
    ... oil field. Eni said the acquisition was part of an its expansion in sub-Saharan Africa. It also has interests in Angola, Nigeria, Gabon, Mozambique and the Republic of Congo. Heritage chief utive Tony Buckingham said the agreed sale recognized "the very large multibillion ...


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