SPA launch paves way for Somali round
Somalia’s cabinet has approved the members of the Somali Petroleum Authority (SPA).
Somalia’s cabinet has approved the members of the Somali Petroleum Authority (SPA).
Sasol has struck an exclusive negotiations agreement on the sale of its 16 air separation units to Air Liquide.
Algeria’s Sonatrach has continued its habit of signing memorandums of understanding (MoUs), adding OMV and Cepsa to its list.
Total Gabon has struck a deal to sell stakes in seven mature offshore fields to Perenco, for $290-350 million.
Despite challenges thrown up by the coronavirus outbreak, BP’s production in Africa was largely unchanged, although exploration and development has been pushed back.
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 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 Oil produced 77,700 barrels per day in the first half of the year, while the realised oil price was $52 per barrel.
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.
The Netherlands’ FMO development bank has set out new funding for solar power company Lumos for expansion in Cote d’Ivoire.
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.
Gulf Marine Services (GMS) has used its cantilever workover system for the first time, on a live well, reducing the time required for vessel moves.
Mammoet has delivered a heavy lift terminal crane to the Lagos Deep Offshore Logistic (LADOL) base, in Nigeria.
Abu Dhabi has approved the transfer of rights, from China National Petroleum Corp. (CNPC) to Cnooc Ltd, in the Lower Zakum and Umm Shaif and Nasr offshore concessions.
Victoria Oil & Gas has cut reserves at its Cameroon gas field as a result of a major customer defaulting but the country is opening up again, raising the prospect of demand returning.
Russia’s independent Lukoil has struck a deal to pay $300 million to Cairn Energy for a 40% stake in a licence offshore Senegal.
Unemployment lies at the heart of Nigeria’s economic crisis, BFA Foundation’s founder and CEO Olu Verheijen has said, and developing the country’s gas resources will be a valuable step in industrialising.
The Government of National Accord’s (GNA) push into Sirte risks triggering a broader conflict, as Egypt warns the city is off limits to the Tripoli administration.
Chevron has struck a deal to buy Noble Energy for $5 billion, which will be paid in an all-stock transaction.
Dubai’s GP Global has launched a financial restructuring process in response to the “global economic meltdown”.
Petropars has signed a contract to develop the South Azadegan oil field, with Petroleum Engineering and Development Co. (PEDEC).
Nigeria’s federal government launched its long-awaited marginal field bid round on June 1, a welcome development but one that faces serious challenges, writes Mariah Lucciano-Gabriel, the head of commercial and business development at Asharami Energy.
Ethiopia has been forced to deny that it has begun filling the Grand Ethiopian Renaissance Dam (GERD) as a dispute with its Nile neighbours Sudan and Egypt simmers on.
Belgium’s marine construction specialist Besix, working with Mota-Engil, will build the marine facilities for the Mozambique LNG project.
Nigeria LNG (NLNG) has denied reports that top officials illegally withdrew $1.05 billion from its dividend account with its majority shareholder, Nigerian National Petroleum Corp. (NNPC).