TotalEnergies plans out new Angola hub for 2023
TotalEnergies plans to continue pressing ahead with short-cycle projects in Angola but also add a new hub on the Cameia-Golfhino finds.
Saudi oil driller’s IPO covered within hours in bearish market
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Nigeria launches upstream probe to tackle production problems
Nigeria’s upstream regulator is launching an investigation into the country’s production woes, saying there is more than just oil theft to blame.
Saipem wins major Baleine contracts, targeting 2023 start
Eni and Petroci have awarded two contracts for work in Cote d’Ivoire to Saipem, worth around 1 billion euros ($956 million).
Uganda warns off “insufferable” Europe, plans licence round
Uganda’s government struck a defiant tone at an oil conference in Kampala, warning Europe to focus on its own problems and setting out plans for a new licensing round.
Yara jumps on HyPilot hydrogen plan
Yara Clean Ammonia has joined up with the HyPilot project, alongside Hystar, Equinor and Gassco.
Nord Stream springs leaks amid talk of sabotage
Nord Stream 1 and 2 have sprung a number of leaks simultaneously, releasing gas into the environment.
Greenpeace names and shames oil companies for FSO Safer involvement
Greenpeace International has named ExxonMobil, OMV and TotalEnergies as companies involved in storing crude on the FSO Safer, the ailing ship offshore Yemen.
OQ emissions rise, but with aims for change at Block 60
Oman’s OQ has set out a number of stratagems for the energy transition, but for 2021 emissions increased.
Adnoc Drilling adds two more jack-ups
Adnoc Drilling has signed a sale and purchase agreement to buy two more premium jack-up rigs, for $140 million.
Standard Bank sees Tanzania-Uganda pipeline as ‘positive’
A proposed natural gas pipeline running from Tanzania to Uganda may have a positive environmental impact in a region where the majority of households still cook using charcoal or wood, according to Patrick Mweheire, Standard Bank Group’s regional chief executive officer for East Africa.
In Scholz’s UAE lighthouse talks, RWE scores a first LNG cargo
German Chancellor Olaf Scholz has signed agreements on securing new energy supplies during a visit to United Arab Emirates President Sheikh Mohamed bin Zayed.
Equatorial Guinea approves Vaalco’s Venus plan
Equatorial Guinea has approved the Venus plan of development hatched by Vaalco Energy, targeting first oil in 2026.
Invictus begins drilling major prospect in Zimbabwe
Australia’s Invictus Energy has begun drilling the Mukuyu-1 exploration well in Zimbabwe.
Rystad: LNG to balance European demand in absence of Russia
Europe can rebalance its gas supply and replace Russian gas imports before 2030, but will have to take some tough decisions on LNG.
Total takes stake in next Qatari LNG expansion
TotalEnergies has signed up to take a 9.375% stake in Qatar’s next phase of LNG expansion, North Field South (NFS).
Energean bumps up Abu Qir output
Energean has started up a new well on its Abu Qir concession, in Egypt. Abuqir Petroleum, a joint venture of Egyptian General Petroleum Corp. (EGPC) and Energean, has completed a new sidetrack, the NA/Q-PII#6 ST.
Vitol reaches debt deal with fire-ravaged Cameroon refiner
Cameroon has renegotiated its refinery debt with trader Vitol, bringing it into line with an agreement reached last year with domestic banks.
Starsight, SolarAfrica to merge and expand
Starsight Energy and SolarAfrica have set out a plan to merge and expand into new areas, particularly Francophone West Africa.
Ethiopia tosses out Poly-GCL on lack of gas progress
Ethiopia has terminated the Poly-GCL licence given a lack of progress in developing the Calub and Hilala gas fields.
Namcor to swap licence stake for ReconAfrica equity
Reconnaissance Energy Africa has struck a definitive deal with Namcor to swap increase its ownership in the Kavango Basin licence.
Zenith makes Benin redevelopment offer
Zenith Energy has made an offer to take over Block 1 offshore Benin, which holds the Sèmè oilfield.
“Lower risk, higher potential” in Vaalco tie up for TransGlobe
In this day and age, there is no space for a small cap oil company, according to TransGlobe Energy CEO and president Randy Neely, making the case for a tie up with Vaalco Energy.
McDermott wins Begonia work off Angola
TotalEnergies has awarded a contract to McDermott International for work on the Begonia project, offshore Angola.
SDX teases new vision amid management shuffle
Chairman of SDX Energy Michael Doyle has stepped down with the company taking the first steps with support from a new major shareholder, Aleph Commodities.