EAIF steps in to support Tema LNG
The Emerging Africa Infrastructure Fund (EAIF) is lending $31 million to Access LNG to support floating regasification plans in Ghana’s Tema port.
Africa
Caverton expands helicopter fleet with S-92
The Milestone Aviation Group has delivered a Sikorsky S-92 helicopter to Nigeria’s Caverton Helicopters.
Tullow focuses on West African delivery
Tullow Oil is moving away from its focus on asset sales and has set out a long-term vision, under which it will generate $7 billion over the next 10 years.
Taleveras secures USA LPG term deal
Taleveras has become the first African independent gas trading company to secure a term deal with a Mont Belvieu-based LPG facility for the export of liquefied petroleum gas starting in the first quarter of 2021.
Buhari inaugurates Waltersmith refinery
Nigerian President Muhammadu Buhari has welcomed the launch of the Waltersmith modular refinery, in Ibigwe, Imo State, and the groundbreaking for the second phase.
Neptune appoints new Egypt head
Mohamed Mounes Shahat will take the role of Egypt managing director for Neptune Energy, starting in December.
Armed gang escalates NOC, CBL revenue dispute
The National Oil Corp. (NOC) and Central Bank of Libya (CBL) have fallen out over allegedly inaccurate data, while the oil company has also fended off an armed attack on its headquarters.
Smooth transition at GMS hits rocks over severance
Gulf Marine Services (GMS) has suspended its CEO Tim Summers over a severance agreement as the company’s new board flexes its muscles.
APT plans seismic, drilling in Tanzania
ARA Petroleum Tanzania (APT) has set out a path to first gas at Tanzania’s Ruvuma production-sharing agreement (PSA).
Camco signs up with Weatherford for Libya logging
Camco Oilfield Services has signed a strategic services agreement with Weatherford, under which it aims to increase its market share in Libya.
Nigeria eyes product pipe from Niger refinery
Nigeria has signed a deal with neighbouring Niger on petroleum products transportation and storage.
PetroNor lines up Guinea Bissau move
PetroNor E&P has struck a deal to acquire Svenska Petroleum’s assets in Guinea Bissau, with the hope of drilling in 2021-22.
Total in talks on Libya work
Total has held talks with the National Oil Corp. (NOC) on increasing production and expanding in Libya, against a background where security appears to be improving.
Oil industry ‘ripe’ for new decommissioning models but some won’t survive, says BCG
The offshore oil and gas sector is “ripe” for emerging new decommissioning models, however analysts BCG said they “strongly doubt” some will survive.
Neptune falls to third-quarter loss but North Sea projects brighten outlook
Neptune Energy fell to a loss in the third-quarter as its figures came under pressure from lower oil and gas prices and “operational issues” in Norway and Algeria.
Vaalco doubles down at Etame Marin
Vaalco Energy has struck a deal to buy out its partner, Sasol, from shared operations offshore Gabon.
Committee seeks forensic reports from PetroSA
South Africa’s parliamentary committee for energy has backed plans for PetroSA to overhaul its gas-to-liquids (GTL) refinery, at Mossel Bay, while also seeking insight into how problems emerged.
Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Energean’s Karish project 85% complete
Energean expects its Karish gas project in Israel to reach first gas in the fourth quarter of 2021 and the Edison E&P deal to close this December.
Sapura wins Qatari, Congolese work from Total
Sapura Energy has won a number of contracts, including pipeline works for Qatar’s Al-Khalij field, from Total E&P Golfe.
TransGlobe output declines amid company freeze
TransGlobe Energy has hunkered down to survive the crisis but remains on the lookout for expansion opportunities.
Sasol starts up last piece of Lake Charles
Sasol’s low-density polyethylene (LDPE) unit in Louisiana has reached beneficial operation, the last part of the Lake Charles Chemicals Project (LCCP) to start up.
Eni calls for Afina proof on unitisation push
Eni has called for more clarification on Ghana’s order for unitisation of the Sankofa field with Springfield Exploration and Production’s Afina field.
Total Gabon sales price doubles
Higher oil prices in the third quarter boosted Total Gabon’s revenues by 28%, to $95 million.
Nigeria sets the pace for case against JP Morgan
Nigeria has won a pre-trial battle against JP Morgan, as the state tries to prove that the bank paid out the proceeds of a signature bonus improperly.