Saipem wins Alen pipeline work
Equatorial Guinea has approved a $90-100 million gas pipeline contract with Saipem.
Despite loss, Vaalco tips better times ahead
Vaalco Energy has posted a loss for the third quarter, with realised oil prices slipping and production down.
US eyes exports of coal, LNG to Africa
The US is eager to export LNG and coal to African states, US Assistant Secretary for Fossil Energy Steven Winberg told the Africa Oil Week conference.
Senegal launches licence round
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
KN puts wheels in motion on FSRU purchase plan
Klaipedos Nafta (KN) intends to buy a floating storage and regasification unit (FSRU) by the end of 2024.
Sound sets the stage for Moroccan sale
Sound Energy has reached a preliminary agreement on the sale of a major stake in its eastern Moroccan assets for $112.8 million.
Cyprus signs off on Aphrodite exploitation plan
Cyprus has issued an exploitation licence to three companies to develop the Aphrodite field, with gas to be exported to Egypt for liquefaction.
Sovcomflot lines up cash for Arctic LNG 2 carriers
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
Low demand, US supply squeeze OPEC
Oil demand will reach 101 million barrels per day in 2020, OPEC’s World Oil Outlook (WOO) has said.
Crew members snatched off Benin and Togo
Four crew members have been kidnapped from a Greek oil tanker off Togo, following the seizing of nine sailors from a vessel carrying gypsum on November 2 off Benin.
LNG comes through for Shell and Total
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Kosmos scores in Equatorial Guinea
Kosmos Energy notched up $16 million in net income for the third quarter, while also celebrating a discovery offshore Equatorial Guinea.
Africa Oil goes it alone in Nigeria deal
Africa Oil will go it alone in the acquisition of stakes in major fields offshore Nigeria after its partners, Delonex Energy and Vitol Investment Partnership, both withdrew.
Waiting time in Tunisia
Tunisia has recently elected a new president, demonstrating the strength of its democratic institutions. The country’s hydrocarbons industry continues to struggle, though.
South Sudan plans licence round
South Sudan plans to offer 13 blocks under a licence round to be launched in the first quarter of 2020, moving away from the previous preference for direct negotiations.
Ghana challenges slow Pecan development for Aker
Aker Energy has changed its plans to develop the Pecan field in Ghana in the face of regulatory complexity.
Save the world, shrink the majors, new report says
The seven majors must cut production by 35% by 2040, and emissions by 40%, if the world is to warm by only 1.6 degrees Celsius, according to a new report from Carbon Tracker Initiative.
Nigeria’s royalty move to choke off supply, group warns
A new bill increasing taxation on Nigeria’s oil industry would drive a decline in deepwater production of around 20% by 2023, industry group Oil Producer Trade Section (OPTS) has said.
Gabon dishes out exploration work
Gabon has signed a number of new exploration licences, while also extending production licences.
BW doubles up Gabonese production plans
BW Offshore plans to double production from the first phase of the Ruche development to 30,000 barrels per day.
Sound lines up Moroccan gas sales plan with ONEE
Sound Energy has struck a preliminary deal on the sale of its gas production from Morocco’s Tendrara concession with the state power company, Office National de l'Electricité et de l'Eau Potable (ONEE).
Upfront costs rise on Senegal’s SNE
Developing the SNE field will require capital expenditure of around $4.2 billion, a presentation by Australia’s FAR has said, versus the previous projection of $3bn.
Delfin LNG eyes FID for 2020
Delfin Midstream is moving ahead with front-end engineering and design (FEED) work on its Delfin LNG scheme.
Bourbon commits to cost cuts for Total in Angola
Bourbon has signed a three-year agreement with Total on cost cuts, through technological innovation, for operations offshore Angola.
Thi Vai work begins in Vietnam
Construction has begun at the Thi Vai regasification terminal in Vietnam.