Genel takes losses but posts dividend
Genel Energy reported an operating loss of $340 million for the first half of the year, but still generated $6.5mn of free cash flow.
US backs Libyan oil flows
The US has called for “all responsible parties” to allow the National Oil Corp. to go about its business.
South Sudan sets scene for recovery
Air Products wins Qatargas expansion work
Qatargas has chosen Air Products to supply process units to the major LNG expansion programme, which will become operational in 2025.
Eskom moves to claw back cash from Guptas
Eskom has launched an attempt to recover cash lost to alleged corruption, which took place in 2015-16.
Adnoc, Wanhua form LPG shipping venture
Adnoc Logistics & Shipping has launched a joint venture with Wanhua Chemical Group focused on the transportation of LPG and products.
Avuru out, Brown in at Seplat
Austin Avuru has retired from his position as CEO of Seplat Petroleum, paving the way for Roger Brown, current CFO, to take the top spot.
US oil company strikes deal with SDF for Syria work
The Syrian Ministry of Foreign Affairs and Expatriates has condemned “in the strongest terms” a reported deal between a US oil company and the Syrian Democratic Forces (SDF).
San Leon takes export link stake
Nigeria-focused San Leon Energy will stump up $15 million as a loan to secure the completion of the Alternative Crude Oil Evacuation System (ACOES), for exports from its OML 18.
Sasol seeks solar power at Secunda, Sasolburg
Sasol has invited bidders to participate in developing two 10 MW solar photovoltaic (PV) facilities in South Africa.
Kosmos sales slide despite hedges
Kosmos Energy reported a net loss of $199 million for the second quarter of the year, with an adjusted net loss of $95mn.
SFO confiscates millions from ex-Afren execs
The Serious Fraud Office (SFO) has won orders confiscating £5.45 million from former Afren executives.
Chad remains offline for Glencore
Glencore produced more oil in the first half of the year, despite shutting down its Chadian assets.
Gas cash flows for Savannah
Last year was a “pivotal year” for Savannah Energy, the company has said announcing its 2019 preliminary results, as revenues flowed from its Nigerian portfolio.
SPA launch paves way for Somali round
Somalia’s cabinet has approved the members of the Somali Petroleum Authority (SPA).
Air Liquide plans Sasol separator purchase
Sasol has struck an exclusive negotiations agreement on the sale of its 16 air separation units to Air Liquide.
Sonatrach signs MoUs with OMV, Cepsa
Algeria’s Sonatrach has continued its habit of signing memorandums of understanding (MoUs), adding OMV and Cepsa to its list.
Total sells mature Gabon assets to Perenco
Total Gabon has struck a deal to sell stakes in seven mature offshore fields to Perenco, for $290-350 million.
BP backs away from frontier exploration
Despite challenges thrown up by the coronavirus outbreak, BP’s production in Africa was largely unchanged, although exploration and development has been pushed back.
Guns and oil do not mix, Libya’s NOC warns
Libya’s National Oil Corp. (NOC) has expressed concerns about increasing military presence at its facilities and the seizure of jet fuel at Zueitina.
Seplat feels pinch as prices fall
Seplat fell to a loss in the first half of the year as oil prices roughly halved, from $65.16 per barrel in the first half of 2019 to $35.94.
Tullow sharpens West Africa focus, eyes impairments
Tullow Oil produced 77,700 barrels per day in the first half of the year, while the realised oil price was $52 per barrel.
UK to review fossil fuel lending
The UK government is reconsidering its support for financing foreign oil and gas projects, following UK Export Finance’s (UKEF) commitment to the Total-led Mozambique LNG project.
FMO backs Lumos expansion in Cote d’Ivoire
The Netherlands’ FMO development bank has set out new funding for solar power company Lumos for expansion in Cote d’Ivoire.
Total celebrates Bashrush flow
A well drilled offshore Egypt may be able to flow at up to 100 million cubic feet (2.83 million cubic metres) per day of gas, Total has reported.