South Africans must embrace the entrepreneurial culture because the old days of jobs waiting for them after graduation are long gone. The country’s economic future depends instead on the quality of its entrepreneurs, in whose hands most future jobs – and income generation – will lie. That was the warning sounded by UnathiNjokweni-Magida, Engen’s head […]

Indian firm ONGC Videsh has expanded its recently acquired position in Namibia with the purchase of a stake in Block 2012A. The firm picked up a 15% stake in the offshore block from Tullow Oil. OVL executed the deal through its subsidiary ONGC VideshVankorneft, the company said in a statement. Eco Oil & Gas Namibia […]

Rumor has it that BP is interested in expanding its position in Senegal through a new acquisition. The company is already partnered with Kosmos Energy in Senegal on the Saint-Louis Profond and CayarProfond, where a significant amount of resources have been discovered to date. According to the rumors, the UK-based company is courting Cairn Energy […]