Angola’s state-owned oil and gas company, Sonangol, has added to its business portfolio by entering the banking sector in Angola. The firm gave local bank Banco Economico, SA (BESA) a cash injection of over $250 million. “The oil company is expected to provide a significant part of the capital injection that Banco Económico SA will […]

The interpretation of 2D seismic over Block 11A in Kenya has revealed the presence of several viable leads according to one of the block’s partners, ERHC Energy Inc. The company said some of the leads contain closures of up to 20 sq km. BGP was contracted by ERHC and the block’s operator, Cepsa, to acquire […]

Shell has petitioned the government of South Africa to give a yeah or nay on its almost four-year old application to explore for shale in the Karoo Basin. The major E&P firm submitted its application in early 2011, however due to protests from local residents and environmentalists the South African government issued a moratorium on […]