Libya output dwindles as blockade bites
Libya’s oil production has fallen to just over 260,000 barrels per day as a result of the blockade, imposed by the Libyan National Army (LNA).
Marathon talks the talk in Equatorial Guinea
Marathon Oil has stepped up its plans for Equatorial Guinea, targeting the delivery of first gas from the Alen backfill project by the end of 2020.
Orca opts for dividend over sale
Tanzanian gas producer Orca Exploration has said it intends to continue on its own, following a failed bid by Swala Energy, and will return cash to shareholders in line with its new strategy.
Libya’s well-timed oil blockade
The Libyan National Army’s (LNA) decision to halt exports from a number of ports brings more pressure to bear on the Tripoli-based Government of National Accord (GNA) but does little to upset the international oil market.
IOC signs on to support Ghana’s LPG push
Indian Oil Corp. (IOC) has signed a memorandum of understanding (MoU) with Ghana’s National Petroleum Authority (NPA) on the implementation of an LPG policy.
New man takes on PetroSA’s challenges
PetroSA has appointed Pragasen Naidoo to serve as the company’s CEO, a position that has been held on a temporary basis since 2014.
Tullow, Total start sale of partial stakes in Kenya oil fields
Tullow Oil and Total have started the process to sell part of their stakes in oil discoveries in Kenya, said people familiar with the matter.
Total signs on for Nigerian LNG
Total Gas & Power has signed a sales and purchase agreement (SPA) with Nigeria LNG (NLNG) for 1.5 million tonnes per year.
ADM plans intermediary role
ADM Energy has set out plans to secure deals in Nigeria and Africa, matching under-developed assets with new sources of financing, including oil traders.
Glencore lines up to take FAR’s Sangomar crude
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
ASH success underscores United’s Egypt move
United Oil & Gas’ purchase of Rockhopper Exploration’s stake in Egypt’s Abu Sennan licence has been pushed back, but the results from a recent well make clear the rationale behind the deal.
Vaalco output rises on continued Gabonese success
Texas-based Vaalco Energy’s production in Gabon is more than 6,000 barrels per day of oil, up 73% from its 2019 average.
Egypt to Reduce LNG Cargoes for Sale as Gas Prices Plummet
Egypt is planning to reduce the number of spot liquefied natural gas cargoes it offers and to negotiate long-term sales deals with customers instead, because of plummeting prices.
SDX drills ahead in Egypt, Morocco
SDX Energy is set for a year of growth, although there are some concerns about impairments that might see it relinquish one of its longest-term producing assets.
Insurance out of step with African piracy risk
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
Egypt signs off on exploration commitments
Egypt has signed deals with four companies for exploration in the Western Desert and Mediterranean Sea.
Lekoil wins time following QIA scam
Lekoil has won some breathing space at OPL 310 where it had been due to stump up some cash in February that it could ill afford following a botched financing deal.
Oil investing in a carbon-averse world
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
BP lines up additional Angolan exploration
The Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has signed two deals with BP, on the sidelines of the UK-Africa Investment Summit in London.
Noroil signs up for Sudanese work
Norway’s Noroil has signed up to work on Block 17, in West Kordofan, according to the Sudanese Ministry of Energy and Mining.
Lagos pipeline explosion blamed on thieves
An explosion in a Lagos neighbourhood has been extinguished, but it has left five dead, according to local reports.
Angolan leaks put Isabel dos Santos in the crosshairs
The disclosure of a cache of company information has brought further scrutiny to Isabel dos Santos, who is already under investigation in Angola.
Equatorial Guinea plans modular refinery move
Equatorial Guinea has expressed interest in emulating Nigeria’s modular refinery initiative, led by Waltersmith Petroleum.
Libyan output reduced to near zero
As world powers met in Berlin to hash out a way forward in Libya, local pressures in the North African state took virtually all of its oil production offline.
Eni fires up Agogo fast track off Angola
Eni’s Agogo field has begun producing, a statement from Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has said.