At the beginning of the week, Brent Crude is trading at $ 71.45, WTI at $66.43 and natural gas at $2.75 per million BTU (at 11:37, 16 April 2018, South Africa). SDX Energy: Gas Discovery in EgyptNorth Africa focused E&P company SDX Energy has made its second gas discovery at its Ibn Yunus-1X exploration well at South Disouq in Egypt. SDX Energy has a 55 percent working interest in the discovery well and will act as operator in the development. US$4bn Oil Refinery for UgandaUganda has signed agreements to build a $4 billion oil refinery in the Holma district. Kenya: National Oil and Schlumberger Sign Field Development AgreementThe National Oil Company of Kenya (NOCK) and oilfield services company Schlumberger have signed a memorandum of understanding to finalize a field development plan to explore new oil blocks in Kenya.

Source: The North Africa Journal April 16, 2018 10:06 UTC