Tullow completes sale to Total, exits Uganda
Tullow Oil has completed the sale of its Ugandan assets to Total, receiving $500 million.
Tullow Oil has completed the sale of its Ugandan assets to Total, receiving $500 million.
Ghana has ordered Eni and Springfield Exploration and Production to unitise the Afina and Sankofa fields, after the two companies failed to make progress on their own.
Qatar Petroleum (QP) has launched a dedicated LNG trading arm, announcing a deal to supply gas to Singapore.
Intercontinental Exchange (ICE) plans to launch ICE Futures Abu Dhabi (IFAD) and the world’s first futures contracts based on Murban crude oil on March 29, 2021.
There are brighter days ahead for the oil industry, but companies must be agile and cut costs, Adnoc’s CEO Sultan Al Jaber said in opening remarks to the Adipec conference.
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.
Libya is producing more than 1 million barrels per day, the National Oil Corp. (NOC) has announced, in a remarkable recovery.
As an up-and-coming area for decommissioning, Africa is following developments in more mature areas, such as the North Sea.
Libya’s revenues in October roughly doubled from September, following the lifting of force majeure at two ports.
Transcorp has bought the Afam power plant in Rivers State, with capacity of 966 MW.
Germany’s planned Wilhelmshaven regasification terminal is reconsidering import plans and may opt to shift to hydrogen.
Turkey’s TPAO has begun drilling the Türkali-1 well, the first deepwater exploration in the country’s waters.
Fire has engulfed a tank farm owned by Oando, the Lagos State Emergency Management Agency (Lasema) has reported.
Tanzania-focused Helium One aims to land on London’s AIM on December 3 via a reverse takeover of cash shell Attis Oil and Gas.
Hydrogen will play a key role in our transition to clean energy over the coming decades as it takes a priority position in the oil and gas industry’s decarbonisation efforts. In 2020, we have seen slower industry activity and a reduced oil price, but net-zero carbon targets and broad societal support for them remain.
Mozambique’s $7 billion floating LNG (FLNG) project is on course for starting up production in 2022, Eni has said.
Shell is entering Impact Oil and Gas’ Transkei and Algoa exploration right offshore South Africa, shortly after the exit of ExxonMobil and Equinor.
France’s Engie has pulled out of a proposed agreement to secure LNG from NextDecade’s Rio Grande LNG project, over concerns about shale gas development.
Seplat Petroleum has reported another accident at its OML 40, in the Niger Delta.
Saudi Aramco’s pre-tax income fell 44% in the third quarter, to $24.7 billion from $44.07bn.
Tanzania-focused Solo Oil has become Scirocco Energy, and with the change of name a newfound focus on the energy transition in the European market.
David Constable, the former head of Sasol, will become Fluor’s CEO as of January 1, 2021.
Nigerian National Petroleum Corp. (NNPC) and First E&P have reached first oil at OMLs 83 and 85.
BW Energy has acquired two jack-up rigs and hatched a new plan for the development of the Hibiscus/Ruche field, offshore Gabon.
Impact Oil and Gas has farmed in to Area 2, offshore South Africa, under a deal with Silver Wave Energy.