Vitol reaches debt deal with fire-ravaged Cameroon refiner
Cameroon has renegotiated its refinery debt with trader Vitol, bringing it into line with an agreement reached last year with domestic banks.
Africa
oil and gas Africa - Top Stories
Energean bumps up Abu Qir output
Energean has started up a new well on its Abu Qir concession, in Egypt. Abuqir Petroleum, a joint venture of Egyptian General Petroleum Corp. (EGPC) and Energean, has completed a new sidetrack, the NA/Q-PII#6 ST.
Namcor to swap licence stake for ReconAfrica equity
Reconnaissance Energy Africa has struck a definitive deal with Namcor to swap increase its ownership in the Kavango Basin licence.
Starsight, SolarAfrica to merge and expand
Starsight Energy and SolarAfrica have set out a plan to merge and expand into new areas, particularly Francophone West Africa.
SDX teases new vision amid management shuffle
Chairman of SDX Energy Michael Doyle has stepped down with the company taking the first steps with support from a new major shareholder, Aleph Commodities.
Stena wins CNOOC drilling off Gabon
Stena Drilling has signed a contract to provide its Stena IceMax to CNOOC Africa for two wells next year.
All Africa Posts
Energean bumps up Abu Qir output
Energean has started up a new well on its Abu Qir concession, in Egypt. Abuqir Petroleum, a joint venture of Egyptian General Petroleum Corp. (EGPC) and Energean, has completed a new sidetrack, the NA/Q-PII#6 ST.
Vitol reaches debt deal with fire-ravaged Cameroon refiner
Cameroon has renegotiated its refinery debt with trader Vitol, bringing it into line with an agreement reached last year with domestic banks.
Ethiopia tosses out Poly-GCL on lack of gas progress
Ethiopia has terminated the Poly-GCL licence given a lack of progress in developing the Calub and Hilala gas fields.
Namcor to swap licence stake for ReconAfrica equity
Reconnaissance Energy Africa has struck a definitive deal with Namcor to swap increase its ownership in the Kavango Basin licence.
Zenith makes Benin redevelopment offer
Zenith Energy has made an offer to take over Block 1 offshore Benin, which holds the Sèmè oilfield.
“Lower risk, higher potential” in Vaalco tie up for TransGlobe
In this day and age, there is no space for a small cap oil company, according to TransGlobe Energy CEO and president Randy Neely, making the case for a tie up with Vaalco Energy.
McDermott wins Begonia work off Angola
TotalEnergies has awarded a contract to McDermott International for work on the Begonia project, offshore Angola.
SDX teases new vision amid management shuffle
Chairman of SDX Energy Michael Doyle has stepped down with the company taking the first steps with support from a new major shareholder, Aleph Commodities.
Ramaphosa cuts trip short in face of Eskom outages
South African President Cyril Ramaphosa has cut short his foreign travels and hurried home as the load shedding crisis mounts.
Typhoon tears BP FPSO from Chinese dock
A typhoon has ripped a BP FPSO away from its moorings at a Chinese yard, throwing up another challenge to plans for LNG production off Senegal and Mauritania.
Zafiro halts production as water enters FPU
Zafiro has halted production after water entered the floating production unit (FPU), with the operator evacuating non-essential workers.
Stena wins CNOOC drilling off Gabon
Stena Drilling has signed a contract to provide its Stena IceMax to CNOOC Africa for two wells next year.
Uganda accuses EU of “economic racism” on oil opposition
Ugandan parliamentarians have snapped back at a resolution condemning the country’s oil plans from the European Parliament.
Nigeria, Morocco double down on mega pipeline project
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
TransGlobe faces up to opposition on Vaalco deal
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
European Parliament slates EACOP, Lake Albert plans
The European Parliament has criticised a proposed East African pipeline, calling for TotalEnergies to consider an alternative route.
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
Tullow sticks to its guns on Capricorn merger, amid Ghana drilling success
Tullow Oil remains committed to its merger with Egypt-focused Capricorn Energy, which has faced mounting headwinds.
South Africa energy group comes out against carbon price increase
Industrial groups in South Africa have voiced their commitment to an equitable transition, while calling for increased carbon prices to be pushed back to after 2035.
Sierra Leone pushes back bid round close
Sierra Leone has extended the closing of its bid round until January 27, 2023, saying it had taken the decision to handle the increased interest.
Tullow to face local content complaint in court
Tullow Oil has come under fire in Ghana over alleged failure to abide by local content regulations – charges the company denies.
Nigeria’s Seplat spent $450mn with firms tied to founders
One of Nigeria’s largest independent oil and gas producers spent more than $450 million on goods and services provided by companies linked to its two founders over 12 years, most of it after the firm publicly listed in London and Lagos in 2014.
Tullow moves to delist in Dublin
Tullow Oil has applied to cancel the listing of its ordinary shares on the Dublin market, saying the move would simplify compliance requirements.
Adnoc, Eni talk up acceleration of Ghasha plan
Adnoc and Eni have held high-level talks on accelerating development at the Ghasha sour gas project, in a bid to increase global supply.
Nigeria falls behind as output slips under 1mn bpd
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
