Shareholder vote turns against FAR plans
Shareholders in MSGBC Basin-focused FAR have rejected the company’s remuneration report, although backing various corporate measures.
Shareholders in MSGBC Basin-focused FAR have rejected the company’s remuneration report, although backing various corporate measures.
Sonatrach has shut down its Skikda LNG complex following a gas turbine problem.
Saudi Aramco has closed the $12.4 billion sale of a 49% stake in its pipelines unit, to a group led by EIG.
Congo Kinshasa has cancelled two permits held by billionaire Dan Gertler’s Oil of DRCongo.
Predator Oil & Gas Holdings has spudded the MOU-1 well, in Morocco.
An Eni delegation visited Ghana this week to hold talks on expanding its Sankofa hub, although with no comments on unitisation with the Afina find.
Frontier is preparing to host global clean tech, infrastructure and finance luminaries taking on climate change next week for the Innovation & Investment in Energy Summit. The event is proudly sponsored by Kongsberg Digital and ERC Evolution.
There are “too many rigs and too many players” in the drilling industry, Maersk Drilling CEO Jørn Madsen has said.
Suriname has named Chevron, TotalEnergies and Qatar Petroleum (QP) as submitting the best bids for blocks under the 2020-21 bid round.
If energy demand is shifting away from fossil fuels, the most economically rational move for governments is to maximise development of resources now.
Gabon will conclude its licensing roadshow in France or Switzerland on June 28, following an event in Texas on June 23.
If the energy industry is serious about reaching net zero, companies must do a better job of communicating with staff as well as tracking emissions as they occur.
Ghana’s Energy Ministry has sacked the two top executives at Tema Oil Refinery, bringing in new officials.
Vaalco Energy has signed a contract with Borr Drilling for a jack-up for work on the Etame Marin block.
Companies working in Africa must do more to bolster local industry and participation, or risk continued challenges around security and legitimacy.
FAR has booked a Stena Drilling rig for an exploration well in The Gambia at the end of the year.
Saipem has won a $510 million contract from Adnoc for work to expand the existing Shah gas plant.
Italy’s Ministry of Justice has launched an administrative investigation of the trial of Eni over alleged corruption in Nigeria.
Groupe Filatex is a Madagascan company that has plans to be a leading light in Africa’s renewable energy sector.
Sonangol has launched a sales process for eight blocks in line with its exploration and production strategy.
Nigeria LNG has held a ceremony to mark the start of construction at Train 7, increasing capacity by around 35%.
Total E&P Uganda has signed conditional letters of award for surface facilities and drilling packages under its Tilenga project, in western Uganda.
Sound Energy is buying out partner Schlumberger from its position in shared eastern Moroccan acreage.
Reconnaissance Energy Africa has signed a joint operating agreement (JOA) with Namcor.
Groups opposing TotalEnergies’ plan for an East African pipeline have called on insurance and reinsurance brokers to steer clear.