Fitch Ratings has cut Saudi Aramco’s rating to A from A+, following its downgrade of Saudi Arabia.
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).
Nakilat has bought the outstanding 49.9% stake in a joint venture it had with International Seaways for $123 million in cash.
Equatorial Guinea is pioneering developments in gas trading around West Africa with plans for a first regasification facility and political initiatives.
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.
Revenues from Libya’s oil are falling, the National Oil Corp. (NOC) has said, and may fall “precipitously” if the government does not cover the agreed budget.
The US Department of Justice (DoJ) has ended its investigation of Eni over the OPL 245 affair and Algeria, the Italian company has said, without taking any further action.
Plans are afoot for an initial public offering (IPO) of South Africa’s Engen, which might provide a rare bright spot in the country’s institutional outlook.
Nigerian President Muhammadu Buhari has said the country will soon pass the Petroleum Industry Bill (PIB), various versions of which have been in the offing for more than 10 years.
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.
Petronas has chartered an LNG bunkering vessel in Malaysia, under a deal with Avenir LNG.
The Carlyle Group is backing a new sub-Saharan Africa focused company through a partnership with Aidan Heavy and Tom Hickey.
Oil prices spiked as a result of the mid-September attack on Saudi Arabia’s production facilities but have since fallen back.
The Rivers State government claims to have bought Shell Petroleum Development Co.’s (SPDC) 45% stake in OML 11, part of the Ogoniland, in execution of a legal ruling.
Losses and downtime from Nigeria’s OML 18 have reached 32% of production, San Leon Energy has reported in its half-year results.
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
A collection of supercars that had been owned by Equatoguinean Vice President Teodorin Nguema Obiang has been sold at auction in Geneva.
Total has closed its purchase of Anadarko Petroleum’s 26.5% stake in the Mozambique LNG project.
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.
Eni’s CEO Claudio Descalzi is under investigation over a potential conflict of interest in Congo Brazzaville.
Uganda and Tanzania are pushing ahead with their plans for the East African Crude Oil Pipeline (EACOP) despite Total’s decision to put work on hold, following the breakdown of talks on the sale of Tullow Oil’s Ugandan stakes.
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
Ghana has set out a proposal on how to develop potential cross-border resources with its neighbour, Cote d’Ivoire.
Algeria’s state-owned Sonatrach has held talks with Chevron this week, with technical workshops held in order to consider joint opportunities.