SDX strikes oil in Egypt
SDX Energy has made a heavy oil discovery at its Rabul-3 well in Egypt, with plans to bring this into production later this month.
Petronas joins Exxon in seeking exit from Chad project
Petronas is considering selling its stake in a joint project in Chad with ExxonMobil, according to people familiar with the matter.
Eni, Sonatrach sign gas deal
Sonatrach and Eni Algeria Production have signed an agreement on the marketing of dry gas from the Zemoul El Kbar licence, until 2042.
Supply booms, demand languishes: all are punished
Oil price falls below $40 per barrel spell problems throughout the industry, with companies and countries alike facing tough times.
Shelf Drilling extends jack-up work off Egypt
Dubai-based Shelf Drilling has signed a one-year extension for its Trident 16 jack-up in Egypt.
Pirates attack again offshore Benin
The Minerva Virgo product tanker has been attacked offshore Benin, with one seaman believed to have been kidnapped.
Equatorial Guinea postpones investment conference
Equatorial Guinea has taken the decision to postpone its Africa Oil & Investment Forum (AOIF) and exhibition, which had been due to take place on June 1, in light of the coronavirus outbreak.
PEPA denies environmental risks, considers legal action
Petroleum Exploration and Production Africa (PEPA) has defended its work in Congo Brazzaville, following a condemnatory report from Global Witness and others.
Success in Morocco, failure in Egypt for SDX
SDX Energy has extended its gas discoveries in Morocco, through the play-opening BMK-1 well, although a well in Egypt has disappointed.
TechnipFMC wins FEED work on Etinde
TechnipFMC has won lead front-end engineering design (FEED) work on the development of the IM gas condensate field, offshore Cameroon, Bowleven has reported.
Shell, Exxon on road to Somalia re-entry
Somalia has reached an “initial roadmap” with a Shell and ExxonMobil joint venture on offshore exploration.
Tullow workers crash land in Kenya
A flight in Kenya carrying Tullow Oil workers has made an emergency landing following an engine failure.
Eni takes Agogo to 1 billion barrels
Further success at Angola’s Agogo field by Eni has seen the estimated oil in place figure rise to 1 billion barrels.
Naturgy exit allows Damietta LNG restart
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.
MENA’s chance at hydrogen exports
The falling cost of renewables offers an opportunity for Middle East and North African states to shift to capitalise on the energy transition – and even export “green molecules” to the world.
Decline slows for Libyan oil losses
Libya’s production has fallen to 122,430 barrels per day as of February 23, the country’s National Oil Corp. (NOC) has said.
Africa Energy signs farm-out in South Africa
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.
Lekela sees lift off in Senegal, Egypt
Lekela has launched a 158.7 MW wind farm in Senegal and broken ground in Egypt at a 250 MW wind plant.
Kosmos to pay out dividend, plans energy transition shift
Kosmos Energy has reported a net loss of $36 million for the fourth quarter of 2019, although free cash flow reached $139mn for the period.
AFC steps up to support Djibouti’s first renewable project
Africa Finance Corp. (AFC) will invest $63 million in a 63 MW wind project in Djibouti’s Ghoubet area, which should begin commercial operations in 2021.
At London’s oil week, clues about demand will be all around
Oil traders are gathering in London for what’s normally a week of lavish parties, dealmaking and market chatter. China’s coronavirus means this year’s events will be more subdued – and fewer in number – than usual. The talk will be about absent friends and uncertain demand.
Sasol’s Lake Charles pain continues
Scrapping its dividend, Sasol laid out a tough set of results with earnings down 72% at 4.5 billion rand ($297 million) with its Lake Charles project in the US continuing to drag the South African company down.
ADM lines up increased stake in OML 113
ADM Energy has struck a deal to buy a 2.25% stake in Nigeria’s OML 113 from EER for $3 million in shares and cash.
LNG cargoes cancelled as virus compounds US export glut
A buyer of LNG has cancelled two cargoes from Cheniere Energy, the biggest US exporter, as a global glut pummels prices for the fuel and threatens to shut a key outlet for shale production.
Pompeo talks energy and corruption in Africa
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.