Gulf Oil and Gas accountACCOUNT

Zambia Cancels Five Oil Exploration Licences

Source: Reuters 2/9/2017, Location: Africa

Share |
Zambia revoked five oil exploration licences after the companies failed to comply with the rules, mining minister Christopher Yaluma said, without naming the firms.

"We had given out 17 license and defaulted a few because of non-compliance and not responding to the licence conditions, so now we have 12 left," Yaluma said on the sidelines of a mining conference in Cape Town. "If they donít come at pace with the program we have scheduled for them we will revoke the licences," he said referring to the 12 remaining firms.

Acquisitions and Divestitures News in Zambia >>

United States >>  8/15/2017 - Whiting Petroleum Corporation has an agreement to sell its Fort Berthold Indian Reservation area assets located in Dunn and McLean Counties, North Dak...
Canada >>  8/9/2017 - Recurrent Energy, a wholly owned subsidiary of Canadian Solar Inc. ("Canadian Solar") (CSIQ), announced that Sempra Renewables LLC, a unit of Sempra E...

United Kingdom >>  8/9/2017 - Parkmead, the UK and Netherlands focused independent oil and gas group, has completed the previously announced acquisition of a 50% interest in the UK...
Tunisia >>  8/2/2017 - OMV, the international integrated oil and gas company based in Vienna, closed the sale of its 50% stake in the Ashtart oil field, an offshore field in...

United States >>  7/31/2017 - RigNet, Inc. has completed the acquisition of substantially all assets of Energy Satellite Services (ESS) in a cash transaction valued at US$22.2 mill...
United States >>  7/31/2017 - ConocoPhillips completed its previously announced transaction with an affiliate of Hilcorp Energy Company to sell its San Juan Basin assets for up to ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Zambia Oil & Gas 1 >> 

More News

 

Oil & Gas Companies in Zambia >>


Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.