Sudan’s Foreign Ministry said on Thursday it has summoned Egypt’s ambassador to Khartoum, Hossam Issa, over Egypt offering oil and gas exploration blocks “in Red Sea areas subject to Sudanese sovereignty”.
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Angola’s National Oil and Gas Agency (ANPG) is expected to auction 55 onshore and offshore oil blocks this year, the minister of Mineral Resources and Oil announced on Friday in Luanda.
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Egypt held a tender for oil and gas exploration, and Royal Dutch Shell (NYSE: RDS.A) won the most (three for oil and two for gas). ExxonMobil (NYSE: XOM) made its debut in Egypt.
Read MorePan-African explorer Oranto Petroleum is farming into two exploration blocks located onshore Zambia. Blocks 17 and 27 represent Oranto’s first investment in the country.
Read MoreAngolan state oil company Sonangol is expected to hold auctions for new oil blocks at the end of 2018, or beginning of 2019, and the number of onshore and offshore blocks to be made available to interested parties has yet to be determined, according to an official document.
Read MoreInvestor interest is peaking in the West African oil sector, just as Gambia’s government fears getting bogged down in lengthy and costly arbitration processes; it may seek a negotiated solution to speed up development.
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