Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.
Qatar Petroleum (QP) has bought into three blocks offshore Mexico, in the Campeche Basin, under an agreement with Total.
Aminex has agreed to secure a loan to pay its capital gains tax in Tanzania in order to move its farm-out plans ahead.
Senegal and Oslo-listed PetroNor have reached an agreement to suspend arbitration for six months in a dispute focused on two offshore blocks.
Norway’s DNO has tested and appraised its Baeshiqa-2 exploration well in Kurdistan and is moving to spud an exploration well on a separate prospect on the same licence.
Nigerian President Muhammadu Buhari’s decision to extend the executive of the Niger Delta Development Commission (NDDC), until the end of the year, has been met with varying responses.
A fund owned by African Infrastructure Investment Managers (AIIM) has sold stakes in two South African renewables projects to another AIIM fund.
Algeria’s Sonatrach has signed a memorandum of understanding (MoU) with Russia’s Lukoil, following a number of similar agreements.
Rivers State Governor Nyesom Wike has declared a total lockdown on Port Harcourt and the Obio and Akpor local government areas, in a bid to tackle the spread of coronavirus.
Delek Group’s reliance on restructuring its debt and selling its assets in order to cover its liabilities has led it to note some concerns that it would able to continue as a going concern in its annual report.
Equatorial Guinea has granted oil and gas companies a two-year extension for exploration work, the Ministry of Mines and Hydrocarbons has said.
Additional drilling at Gabon’s Dussafu Marin licence has been deferred because of coronavirus, BW Energy has said, blaming international travel restrictions.
Gulf Marine Services (GMS) has formally rejected a “wholly opportunistic” bid for the company from its largest shareholder, Seafox International.
Foxtrot International and its partners in the CI-27 licence have reached a deal to invest in the area to keep gas flowing to power plants.
Coronavirus looks set to have a continued impact on energy demand beyond the near term and supply chains must become more adaptable in order to navigate the uncertain future, writes Andy Laven, COO of Sahara Energy Resources DMCC
Nigeria and Angola face particular pressures as a result of the oil price crash, a new report from Verisk Maplecroft has warned.
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
IGI Poseidon has invited companies to submit plans for the offshore parts of the proposed EastMed gas pipeline, which will run from the southeast Mediterranean into Europe via Greece and Cyprus.
Sierra Leone has provisionally awarded licences to Cluff Energy Africa and Innoson Oil and Gas, following the conclusion of its fourth licensing round.
Australia’s FAR has been unable to secure financing for its stake in the Sangomar field development and so has begun a process to sell all, or a part, of its stake in the Senegalese project.
Dubai Electric and Water Authority (DEWA) has awarded the fifth phase of a solar park project to a consortium led by ACWA Power claiming a new record price.
Seafox International has expressed interest in acquiring Gulf Marine Services (GMS) and is now required to make a firm offer – or declare otherwise – by May 28.
Renergen’s Virginia project in South Africa has some of the hallmarks of a classic small-scale gas production plan, but with the added wrinkle of a shift to helium.
The Nigerian Electricity Regulatory Commission (NERC) is attempting to broker a peace deal between the Transmission Company of Nigeria (TCN) and the Abuja Electricity Distribution Company (AEDC).
Seplat Petroleum’s revenue fell to $130 million in the first quarter, down 18%, with the company blaming an under lift of oil and lower prices.