Indutec 2017

AFRICA'S LEADING INDUSTRIAL TECHNOLOGY AND SUPPLY EXPO
 
 
 
 

INDUSTRY NEWS

Why South Africa could be the next oil discovery hot spot

'There could be a giant future discovery off South Africa's coast in the Outeniqua Basin'

South Africa's waters may be hiding future giant oil and gas discoveries potentially capable of changing the country's power generation mix by reducing its use of coal, says Tsvetana Paraskova writing for seekingalpha.comThe potential giant discoveries could help South Africa boost its gas-to-power ...
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Total ups investment in Uganda oil

French oil giant to acquire another $900m in Lake Albert oil project

French oil giant Total has entered into an agreement with Tullow to acquire an extra 21.57 per cent interest in the Uganda Lake Albert oil project.Total will pay Tullow $900 million in instalments as the project develops, with an initial payment of $100m.“Following the agreement on the Tanzanian ...
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Oil sector in Africa set for 2017 upturn

An industry accustomed to new low oil prices reflects optimism that Africa is ripe for a comeback.

Chariot Oil & Gas plans to drill its first well in at least three years in 2017 off Morocco as African oil as the closing months of 2016 optimism in the industry turn into new projects.Offshore drilling on the continent matched an all-time low in September, with just nine active rigs, according to ...
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