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Africa Oil Royalties News is an EIN News Service for oil and gas industry professionals. Constantly updated news and information about Africa Oil & Gas.
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Latest Africa Oil Royalties News

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  • FG Earns U.S.$37 Billion From Shell Operations 5 Dec 2009 02:55 GMT
    ... a minimum of $37 billion from Shell Petroleum Development Company, SPDC oil exploration and production in the country since ... ranging from the sales of oil, taxes, royalties and shares. Shell's Regional Executive Vice- President ...

  • Mart Resources Announces Third Quarter 2009 Financial Results 1 Dec 2009 15:10 GMT
    ... Canadian dollars unless noted): - Total crude oil sales revenue for the quarter increased by ... 2008 2009 2008 Crude oil revenue after royalties 23,670,890 18,820,765 53,614,621 30,410,985 Cash flow from ... Mart Resources, Inc. is an independent, international petroleum company focused on drilling, developing and producing ...

  • Mart Resources Announces Third Quarter 2009 Financial Results (CCN) 1 Dec 2009 15:10 GMT
    ... - Crude oil production from the Umusadege Field increased by ... 2008 2009 2008 Crude oil revenue after royalties 23,670,890 18,820,765 53,614,621 30,410,985 Cash flow from ... the medium term." is an independent, international petroleum company focused on drilling, developing and producing ...

  • Zambia: Riches to rags 4 Dec 2009 18:03 GMT
    ... declining in the early 1970s following the oil crisis of 1973 and the slump in global ... revenues, derived chiefly from taxes such as royalties (mineral taxes) and corporate taxes, were significantly ... hosting one of the planet’s greatest wildlife reserves, is jeopardised via the pollution emitted in ...

  • Canoro Resources Ltd. Announces Its Results for the Quarter Ended September 30, 2009 30 Nov 2009 23:30 GMT
    ... 2,629 2,310 3,810 (39) 2,483 3,771 (34) Oil and Condensate (bbl/d) 172 129 288 (55) 151 ... 25.79 27.09 47.23 (43) 26.39 49.12 (46) Royalties ($/boe) 2.79 4.29 4.50 (5) 3.48 4.77 ... arrive in Kolkata by mid-December; and - drilling operations on Block AA-ONN-2003/2 (Canoro 15% interest) ...

  • The real problem with the South African economy 3 Dec 2009 23:35 GMT
    ... Home > Politicsweb > RESOURCES > PARTY The ... by not using the proceeds from the royalties legislation to fund new entrants". Again, he ... Exploration Mining and Finance Corporation, the IDC, PetroSA, the PIC, Eskom and Transnet. But to ...

  • Business Combination of Kristina Capital and Black Marlin Energy Limited and Subscription Receipt Financing 2 Dec 2009 01:30 GMT
    ... Black Marlin's exploration and production interests; Upstream Petroleum Services Limited ("UPSL") is the seismic survey ... grew further with a farm-in to Africa Oil Corporation's Block 10A in Kenya (20%). The ... out of 60% of the production. Oil royalty rates range from 7.5% for the first ...

  • Business Combination of Kristina Capital and Black Marlin Energy Limited and Subscription Receipt Fi 2 Dec 2009 12:37 GMT
    ... Black Marlin's exploration and production interests; Upstream Petroleum Services Limited ("UPSL") is the seismic survey ... grew further with a farm-in to Africa Oil Corporation's Block 10A in Kenya (20%). Principal ... out of 60% of the production. Oil royalty rates range from 7.5% for the first ...

  • Business Combination of Kristina Capital and Black Marlin Energy Limited and Subscription Receipt Financing (CCN) 2 Dec 2009 01:30 GMT
    ... thereafter. Black Marlin's principal business activities are petroleum and natural gas exploration, development and production ... prepared by in relation to the crude oil and natural gas resources of Black Marlin ... out of 60% of the production. Oil royalty rates range from 7.5% for the first ...

  • TSX Venture Exchange Daily Bulletins for December 3, 2009 3 Dec 2009 22:17 GMT
    ... the maximum permitted term. TSX-X GALE FORCE PETROLEUM INC. ("GFP") BULLETIN TYPE: Shares for Debt ... The Optionors shall retain a 2% NSR Royalty, of which 1% can be purchased by ... release dated November 24, 2009. TSX-X NORDIC OIL AND GAS LTD. ("NOG") BULLETIN TYPE: Private ...

  • Priming State's Revenue Pump 3 Dec 2009 18:33 GMT
    ... gas pump, when price bumps up. Big Oil says a hurricane threatens Gulf of Mexico production, ... so we charge a “severance” tax, and royalties, on it to get our share of ... complaining about “tougher” regulations on their messy drilling practices. The compliant Albuquerque Journal bought the ...

  • www.standoutstocks.com: Stocks That Stand Out For Dec. 4th, 2009 Are VKNG, LDSR, EGMI, JAZZ 4 Dec 2009 17:44 GMT
    ... market in approximately one year and is exploring sources of financing in this connection. * ... and gas. With the technologies of Nippon Oil Corporation at its core, Hubei Chuguan Industry Co. ... receive an initial license fee and licensing royalty percentage on product sold over the term of ...

  • Pump It Up: The Development of Iraq's Oil Reserves 27 Nov 2009 18:34 GMT
    ... grab by Western companies for Iraq's vast oil reserves. Nearly seven years on - and ... partnership between Britain's BP and China National Petroleum Corp. (CNPC) for production rights to southern ... leasing the fields to operators and receiving royalties for every barrel of oil sold, Iraq ...

  • A social plan for mining 27 Nov 2009 05:11 GMT
    ... the Mining Charter and the Mineral and Petroleum Resources Development Act, 2002, constitute a real ... In response to Nigeria’s unhappy experience with oil extraction in the Niger Delta, the Minerals ... must, in addition to their fiscal and royalty obligations, spend a minimum of 0.1% of ...

  • Mined out 27 Nov 2009 09:52 GMT
    ... A recent report suggested South Africa’s gold reserves are substantially lower than previously calculated and ... electricity price hike and the introduction of royalties could reduce the viability of many marginal ... balance of payments because the country imports oil. South Africa’s gold exports are nearly equal to ...


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