Algeria is counting on earning between $13-16 billion annually from oil and gas exports over the next four years, basing the estimate on a price of over $18 per barrel. Sonatrach's forecast depends on world markets holding up strongly until [.
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Charter rates for offshore drilling rigs are continuing to climb sharply in West Africa. Jack-up dayrates are particularly buoyant and [...]
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The relative shortage of drilling rigs and rise in charter prices (see above) have helped to boost demand for turnkey [...]
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The state-owned Portuguese firm Petrogal, which is currently being privatized, has had a good stroke of fortune in Mozambique. It [...]
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Jean-Francois Gavalda, managing director of Elf Gabon since May, 1994, was officially appointed Africa director of Elf Aquitaine's Exploration and [...]
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The drillship Discoverer 511 that Ghana National Petroleum Corporation (GNPC) bought three years ago from Houston-based Transocean Offshore has just [...]
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According to an informed Moroccan source, the energy ministry's move on Dec. 30 to temper the media's enthusiasm over the [...]
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Agip Congo has laid down a new drilling plan in Congo that could change the amount of exploration it carries [...]
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Elf doesn't believe that its pharmaceutical and cosmetics unit Sanofi [...]
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Mobil has exercised the first of two six-month options extending [...]
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Texaco has exercised the second of two extension options to [...]
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Soekor managing director Joggie Heuser confirmed to the Reuters news [...]
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In late December Elf Aquitaine announced the sell-off of financial [...]
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The Spanish group Repsol celebrated New Year's by buying a [...]
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Agip is preparing to launch production on the small offshore [...]
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The Algerian government announced in December that a memorandum of [...]
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Tarpon, which obtained Block 2 in Benin's offshore in October [...]
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Guinea Bissau's minister for industry, energy and natural resources held talks in Paris in the third week of December with [...]
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A forthcoming meeting of North African electricity ministers in Tunisia in March will provide an occasion for the countries to [...]
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According to some city authorities in Casablanca, the Confederation Generale [...]
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The U.S. Trade and Development Agency signed an agreement with [...]
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While all the talk in Kinshasa was about counter-attacks, rebels from the Alliance des Forces Democratiques du Congo-Zaire (AFDL) were [...]
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According to latest figures from Zaire's Comptoir National d'Expertise (CNE) for the first 10 months of 1996, the Sediza trading [...]
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UNITA sources are certain that president Jose Eduardo Dos Santos is thinking of promoting two deputy mines minister ministers, Antonio [...]
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Mozambique's government appears persuaded that Gencor's project for an aluminium smelter in the Maputo corridor will get off the ground [...]
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The U.K. company Reunion Mining plans to put its Dunrobin gold mine where preparatory work began last July into production [...]
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Australian explorer Tanganyika Gold NL has struck significant gold mineralization [...]
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