Gemcorp takes FID on Cabinda refinery
Gemcorp has taken a final investment decision (FID) on the 60,000 barrel per day Cabinda refinery, which will be built in the Angolan exclave.
Gemcorp has taken a final investment decision (FID) on the 60,000 barrel per day Cabinda refinery, which will be built in the Angolan exclave.
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
Lower oil prices cut into Seplat Petroleum’s revenues for the first nine months of the year, to $388 million down from $494.9mn for the same period of 2019.
Total has reported adjusted net income of $848 million, with an organic cash breakeven below $25 per barrel.
Total’s Luiperd gas condensate discovery has been sufficient to end drilling in South Africa’s Block 11B/12B, leaving some exploration options tantalisingly undrilled.
Libya has launched Sarir Oil Operations as a joint operating company to operate Contract Areas 91 and 107, previously held by Wintershall.
The East African Crude Oil Pipeline (EACOP) has signed a host government agreement (HGA) with Tanzania, as plans for the Ugandan oil development near the finish line.
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
Nigeria’s Lekoil has struck a strategic alliance agreement to find producing assets with Namibia’s state-owned Namcor.
The Host Communities of Nigeria (Hoscon) has called for the government to do more to help out the people in oil and gas producing areas, warning that it has stopped supporting a ceasefire agreement.
Sasol has invited experienced companies to work with it on developing carbon offsets, in South Africa and the SADC region.
South Africa has approved Impact Oil and Gas to take over the Transkei and Algoa exploration right, and Tugela South exploration right, offshore South Africa.
Africa Finance Corp. (AFC) has signed up to support Chariot Oil & Gas’ Anchois gas project, offshore Morocco.
Total has made a second discovery offshore South Africa in the Outeniqua Basin, following the Brulpadda discovery of 2019.
The energy industry has a reputation for being slow to support new technologies, but one exception to this generalisation is the rise of autonomous offshore vehicles.
TechnipFMC’s independent engineering consultancy Genesis Oil and Gas Consultants is expanding and dividing its business, separating its oil and gas business from its energy transition and diversified services.
In order to limit global temperature rises to 1.5 degrees Celsius, companies must invest in technologies to remove emissions.
The US Department of the Treasury has imposed new financial sanctions on Iran’s oil industry.
Total will face accusations of human rights violations over its activities in Uganda on October 28, in the Versailles Court of Appeal.
Adnoc has awarded $324 million worth of contracts to optimise field operations and enhance efficiency.
Restructuring for offshore drillers will accelerate, Rystad Energy has predicted, and as much as one quarter of the global floater fleet could be scrapped.
BP has begun production at the Qattameya gas field offshore Egypt, in the North Damietta concession.
Dana Gas has struck a deal to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million, including contingent payments.
The National Oil Corp. (NOC) has lifted force majeure from the El Feel field, following high-level agreements on a ceasefire in Libya.
Following a day during which the Nave Andromeda product tanker was held by stowaways, UK special forces have retaken the ship offshore the Isle of Wight.