Tinubu backs Kyari at NNPC, despite turbulence
"On a domestic political level, however, the reappointment is savvy: Tinubu knew he needed to hand big jobs to northern officials, and it doesn’t get bigger than leadership of NNPC.”
Africa
oil and gas Africa - Top Stories
Shell to face Ogale, Bille spill claims in High Court
For Shell or its local Shell Petroleum Development Co. (SPDC) to be held liable, “the court must be satisfied that there were no other significant causes which contributed to the claimants’ alleged losses such as spills by other operators or pollution as a result of illegal refining or sabotage”, the spokesperson said.
Nigeria threatens to revoke marginal fields, new round approved
“Marginal fields would [henceforth] be prioritised in terms of their location to those who have modular refineries, so that they will be able to produce,” he said.
Cross-Med links could save Europe from Russia
The report called for an 18 GW link from Saudi Arabia to Sudan, a 15 GW link from Tunisia into Malta and then Italy and a 14 GW link from Algeria to Spain.
PetroSA lines up sanctioned Gazprom unit for Mossel Bay
Under the tender, the winning bidder would invest around $200 million in the GTL plant and will also provide gas condensate supplies.
Shell strikes find offshore Egypt with Stena Forth
It bolsters “our growth aspirations and ongoing commitment as a key partner in Egypt’s energy landscape. Successful delivery of our current exploration campaign is part of Shell Egypt’s growth strategy.”
All Africa Posts
Tinubu backs Kyari at NNPC, despite turbulence
"On a domestic political level, however, the reappointment is savvy: Tinubu knew he needed to hand big jobs to northern officials, and it doesn’t get bigger than leadership of NNPC.”
Angola says it plans to remain in OPEC as quota spat emerges
Angola, Africa’s second biggest crude producer, has no plans to leave OPEC+, an official said, following a broader dispute over output quotas that delayed the group’s meeting.
Shell to face Ogale, Bille spill claims in High Court
For Shell or its local Shell Petroleum Development Co. (SPDC) to be held liable, “the court must be satisfied that there were no other significant causes which contributed to the claimants’ alleged losses such as spills by other operators or pollution as a result of illegal refining or sabotage”, the spokesperson said.
Nigeria threatens to revoke marginal fields, new round approved
“Marginal fields would [henceforth] be prioritised in terms of their location to those who have modular refineries, so that they will be able to produce,” he said.
PetroSA lines up sanctioned Gazprom unit for Mossel Bay
Under the tender, the winning bidder would invest around $200 million in the GTL plant and will also provide gas condensate supplies.
Shell strikes find offshore Egypt with Stena Forth
It bolsters “our growth aspirations and ongoing commitment as a key partner in Egypt’s energy landscape. Successful delivery of our current exploration campaign is part of Shell Egypt’s growth strategy.”
Invictus declares discovery, but faces drilling rough ride
The need to sidetrack is “disappointing”, he said. “It would have been fantastic to get this all in one go. It’s still only the second well in the basin and it’s the first time we’ve drilled into the Lower Angwa,” Macmillan said. “We are going to get some surprises, good and bad.”
EACOP stresses high-tech approach, as Kampala protestors arrested
Demonstrators have declared today a “global day of action” to stop EACOP, which will run from west Uganda to a port in Tanzania.
Golar’s Gimi FLNG sets sail for BP project
The journey should take 60 days, Golar reported, with refuelling stops in Mauritius and Namibia.
Turmoil at Sasol as AGM cancelled, new CEO appointed
While the company attempted to continue, executives eventually abandoned their efforts and ended the AGM.
Nigeria withdraws $1bn claim against Eni on oil field deal
Operations at the Nigerian oil block have been halted for more than a decade by a series of trials and competing legal claims.
Apex boosts acquired Western Desert volumes
In September, Apex started producing gas at the Faramid project, in IEOC’s East Obaiyed. Apex has a 25% stake in the project, which is producing 24.4 million cubic feet per day of gas.
Capricorn receives tax notice on Senegal exit
Capricorn will “vigorously defend” its position, it said. This may include “exercising rights under the sales agreement”, it said.
Tullow cuts production hopes, boosts bond buybacks
“The wider refinancing continues, and while the overall cost of the debt has increased, the maturity of the debt has been extended, which takes pressure off the balance sheet in the near term,” Kelty said.
Africa Oil rides expectations with drilling in Namibia, Nigeria
FEED work “could facilitate” a final investment decision (FID) on Preowei, Africa Oil, said.
Ice signs up former Total block offshore Cote d’Ivoire
A domestic Ivoirian company, Ice Oil & Gas, has signed a licence to explore a block offshore, previously held by TotalEnergies.
Diamond Offshore to drill Guinea Bissau in 2024
Apus Energy has not responded to a request for confirmation that it has contracted the rig from Diamond Offshore. The company has committed to drilling in 2024.
Glencore provides Tullow financing, at a price
Dhir said the Glencore debt and Tullow’s cash, in addition to $800mn of free cash flow from 2023 to 2025, would “allow us to fully address all outstanding 2025 notes”.
Perenco deal at risk, Bowleven’s top shareholder warns
The problem is that the rate at which Bowleven is using cash will see it run out “most likely before summer 2024”.
Chevron lines up drill plans in Orange Basin
The block is to the north of Block 2913B, where TotalEnergies has made discoveries including Venus.
NNPC, Aiteo launch new low-carbon crude
As such, the crude is a good fit for major buyers in Europe, NNPC said, and commands a premium to Brent. The crude has an API of 29 degrees.
Sonatrach, OMV plan out Libya exploration return
OMV had held its licence under force majeure until September this year. It declared the contractual stoppage in 2014.
APPO sets timetable to launch African Energy Bank
“Without energy, there is no life. Today, we are doing everything we can to ensure that the African Energy Bank becomes a reality by June 30, 2024,” the Benin minister said.
BW Energy scores Gabon find, plans production in 2024
“We look forward to rapidly bringing these high-value barrels into production. The result also confirms the significant potential of the Dussafu licence where we have multiple additional future prospects.”
Rhino files for Orange Basin exploration plan
The company holds Block 2914B, next to Shell’s Block 2914A. Galp is to the north, at PEL 83, where it intends to begin drilling on the Mopane complex this month.
