Congo oil auction: Perenco is interested, local
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The Anglo-French oil company Perenco has filed expressions of interest in two of the Coastal Basin blocks on offer in the giant oil auction the Democratic Republic of Congo (DRC) launched last July. Oil Minister Didier
The DRC government is auctioning off 30 oil and gas blocks in the Cuvette-Centrale Peatlands in the Congo Basin forest — the world’s largest tropical peatland. Peatland soils are known as ‘carbon sinks’ because packed
Congo cancels an auction for 27 sites earmarked for oil
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The 27 oil blocks canceled auction hold an estimated 22 billion barrels. Congo, a mineral-rich nation in central Africa, is thought to have significant oil reserves but drilling has
The Democratic Republic of Congo is putting 16 oil exploration blocks up for auction, including nine in the peatlands of the Cuvette Centrale. Environmentalists warn that
Virunga Park: Oil drilling rights to be auctioned
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Despite growing pleas from climate change activists, the Democratic Republic of Congo says it is moving forward with its plans to auction off a vast majority of oil and gas drilling blocks
Currently, Congolese oil production is limited to the Coastal Basin, yielding 25,000 barrels per day of offshore production, all of which is exported. Along with recently
Chevron starts sale process of oil assets
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US energy giant Chevron has commenced the sale process for its oil assets in the Democratic Republic of the Congo, reported Reuters, citing sources. Two sources aware of the development said the assets up for sale
The government of the Democratic Republic of Congo (DRC) has approved a plan to auction 16 oil blocks, nine of which fall in the sensitive ecosystem of Cuvette Centrale
As Congo seeks to expand drilling, some
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Congo, a mineral-rich nation in central Africa, is thought to have significant oil reserves, too. Drilling has so far been confined to a small territory on the Atlantic Ocean and offshore, but that’s expected to change if the
The Democratic Republic of the Congo's patent regime is favourable for those that want to protect their inventions. Applicants have a range of options when it comes to filing, including obtaining a patent with improvements rather than the primary patent or filing a patent granted in another country despite the loss of priorities granted by the
- Will Congo auction off oil & gas drilling blocks?
- CNN’s Angela Dewan and Nimi Princewill contributed to this report. Despite growing pleas from climate change activists, the Democratic Republic of Congo says it is moving forward with its plans to auction off a vast majority of oil and gas drilling blocks located in the country’s rainforest and peatland.
- Are oil exploration blocks a threat to Congo's environment?
- The Democratic Republic of Congo is putting 16 oil exploration blocks up for auction, including nine in the peatlands of the Cuvette Centrale. Environmentalists warn that oil exploration and infrastructure for production could release huge amounts of carbon stored in the peatland and threaten the rights of local communities.
- Where is oil drilling auctioned in Congo?
- Children sit inside a fishing boat outside a mangrove in Kimpozia village, one of the areas auctioned for oil drilling, in Moanda, Democratic Republic of the Congo, Monday, Dec. 25, 2023. Its government is auctioning off 30 oil and gas blocks around the country. (AP Photo/Mosa’ab Elshamy)
- Why is Congo letting energy firms bid for oil & gas?
- The Congolese government is letting energy firms bid for access to its vast oil and gas reserves, raising concerns about the potential climate consequences. The Democratic Republic of Congo (DRC) is auctioning the licensing rights for dozens of oil and gas blocks, opening up parts of the world’s second-largest rain forest to exploitation.