Tanzania and Algeria are set to establish a JV company as part of an energy cooperation agreement signed between the two. The previously signed agreement revolved around joint exploration in Tanzania. According to Algeria’s official news agency APS, the JV between Tanzania’s electricity supply company Tanesco and Algeria’s electricity and gas company Sonelgaz is expected […]

Mart Resources, Inc. and its partners on the Umusadege field in Nigeria, Midwestern Oil and Gas Co.(operator) and SunTrust Oil Co. Ltd. saw June production average 6,793 bpd of oil from the field. Aggregate Umusadege field downtime during June 2014 was approximately 11.3 days due to a shutdown of the Nigerian Agip Oil Company Ltd. […]

The government of South Africa is reconsidering its new oil and gas laws. The laws have caused some consternation with investors who were afraid they would not be able to make a profit on their assets under the new regime. Parliament passed the law in March, giving the state a 20% free stake in new […]