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Southern Africa Oil & Gas News. Service for global professionals. Constantly updated news and information about Southern Africa Oil & Gas.
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  • IMF formally approves US$1.4b for Angola 24 Nov 2009 00:12 GMT
    ... a loan of US$1.4 billion to help Angola cope with the drop in global oil ... country's 27-year civil war. Officials in the African nation had said the finance would help the oil-rich southern African country to alleviate its liquidity pressures caused ...

  • Adira Energy's parent company, AMG Oil Ltd., announces nomination of new directors 23 Nov 2009 15:44 GMT
    ... AORLB8; OTCBB: AMGOF VANCOUVER (CNW) - AMG OIL LTD. (OTCBB: AMGOF; FRANKFURT: AORLB8) AMG Oil ... Mr. Kinley worked as President of a Botswana based Coal Bed Methane exploration and development ... the central Kalahari Desert in sub Saharan Africa. Prior thereto, Mr. Kinley spent 26 years ...

  • 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 ...

  • 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 ...

  • Heritage Oil to sell Ugandan fields to Italy's Eni 23 Nov 2009 13:23 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 ...

  • Adira Energy's parent company, AMG Oil Ltd., announces nomination of new directors 23 Nov 2009 15:13 GMT
    ... 2009 (Canada NewsWire via COMTEX) -- AMG OIL LTD. (OTCBB: AMGOF; FRANKFURT: AORLB8) AMG Oil ... Mr. Kinley worked as President of a Botswana based Coal Bed Methane exploration and development ... the central Kalahari Desert in sub Saharan Africa. Prior thereto, Mr. Kinley spent 26 years ...

  • Angola FX reserves drop despite firm oil prices 23 Nov 2009 12:31 GMT
    ... Angola's foreign exchange reserves fell for the first ... in September, despite a sharp recovery in oil prices, the central bank said on Monday. ... and Portuguese construction companies operating in the African nation, which may have also weighed on its foreign ...

  • Angola's kwanza weakens further against dollar 23 Nov 2009 10:54 GMT
    ... LUANDA, Nov 23 (Reuters) - Angola's kwanza extended its losses against the U.S. ... of its value this year on lower oil revenues and a government decision to loosen ... dollar in Luanda. Angola rivals Nigeria as Africa's biggest oil producer and depends on oil exports ...

  • South African Markets - Factors to watch on Nov 23 23 Nov 2009 06:30 GMT
    ... moves and political events may affect South African markets on Monday. - - - - ... relatively safer assets, while supply concerns boosted oil and copper. Asian stocks also rose, led ... weeks years, an official said on Wednesday. ZIMBABWE Zimbabwe's parliament on Wednesday unanimously approved a ...

  • ONE ON ONE: African Development Bank seeks capital infusion 23 Nov 2009 18:13 GMT
    ... It’s not rare for the words Africa and development to be heard in the ... countries have access to both windows: Nigeria, Zimbabwe and Cape Verde. So why would the ... financial. Last year’s unprecedented rise in crude oil prices benefited some of Africa’s oil producers, ...

  • African Markets - Factors to watch on Nov 23 23 Nov 2009 06:10 GMT
    ... market moves and political events may affect African markets on Monday. - - - - ... seek relatively safer assets. Supply concerns boosted oil and copper while Asian stocks rose on ... it comes into effect in July 2010. ZIMBABWE POLITICS President Robert Mugabe and Prime Minister ...

  • Chrometco: Profit down as new rights acquired 23 Nov 2009 05:16 GMT
    ... rights in terms of the Minerals and Petroleum Resources Development Act and the acquisition of ... acquisition of new mineral rights in South Africa and the Southern African Development Community. - Asha Speckman ...

  • 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 equivalent. ... the 1960s. The company has operations in Angola, Ghana, Gabon, Mozambique, Nigeria and Congo. It produces about 450,000 ...

  • 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 ...

  • Senator Lugar Hails New Chapter in U.S.-Angolan Relations 19 Nov 2009 20:35 GMT
    ... "robust relationship" between the United States and Angola, noting that "our relations have come a ... the United States, primarily because of its oil and gas. He said Angola has now ... the largest oil and gas producer in Africa. "Angola has demonstrated the vitality of its petroleum industries, ...


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