Wintershall reaches Libya deal
Wintershall’s local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libya’s National Oil Corp. (NOC) after compromising on licence terms.
Africa
Presidential win for Algerian political insider spurs new unrest
A veteran Algerian politician won a presidential election spurned by most voters, giving fresh impetus to protests demanding a complete revamp of the OPEC member’s political system.
Gas supply agreements struck for Nigeria LNG
Nigeria LNG (NLNG) has signed gas supply agreements (GSAs) to supply three of its existing trains – plus the seventh, which is yet to reach a final investment decision (FID).
Sudan pushes for US sanctions relief
Pressure is mounting on the US to reconsider sanctions on Sudan, where the former president was driven from office in April.
Gravity survey planned for Egypt in 2020
TGS and AustinBridgeporth will begin acquiring an airborne gravity survey in Egypt in the first quarter of 2020.
Vitol signs up for Nigerian LNG supplies
Vitol has signed a sale and purchase agreement (SPA) with Nigeria LNG (NLNG), for some production from Trains 1, 2 and 3.
FAR sets out Sangomar financing plan
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
Algeria goes to the polls
Algeria goes to the polls today in a widely disputed election that aims to move the country on from its political quagmire, although this seems unlikely.
Springfield makes billion-barrel find off Ghana
Ghana’s Springfield Exploration and Production has found oil in two areas at its Afina-1 well on its West Cape Three Points (WCTP) Block 2, offshore Ghana.
United nears Abu Sennan deal
United Oil & Gas has returned to trading on London’s Alternative Investment Market (AIM) and is nearing completion of its acquisition of a stake in Egypt’s Abu Sennan licence.
Savannah sets out Nigeria plans for 2020
Savannah Petroleum expects to generate free cash flow of around $130 million per year from its recently acquired Nigerian assets, based on calculations from CGG Services.
Total resolves Waha woes with Libya’s NOC
Total has reached an agreement with Libya’s National Oil Corp. (NOC) on the French company’s acquisition of a stake in the Waha concessions.
Aker Energy CEO out
CEO Jan Arve Haugen of Ghana-focused Aker Energy has resigned, replaced in the interim by Svein Jakob Liknes, who was the company’s head of operations. Changes are also being made to the company’s board.
Ocean Infinity lines up seismic work in Angola
Ocean Infinity has won 2D high-resolution seismic work from Total in Angola.
Tatneft kicks off seismic in Libya
Russia’s Tatneft has restarted its acquisition of seismic in Libya, the National Oil Corp. (NOC) has announced, picking up where it left off in 2014.
Liberia lines up 2020 licence round
Liberia has set out plans for a licensing round in 2020, via the Liberia Petroleum Regulatory Authority (LPRA).
Predator plans 2020 drilling in Morocco
Predator Oil & Gas Holdings has signed a rig option agreement with Star Valley Drilling for work on Morocco’s Moulouya-1 prospect.
Akufo-Addo celebrates gas conversion for Karpowership
Ghanaian President Nana Addo Akufo-Addo has ceremonially launched the generation of electricity, using gas from the Sankofa field.
Profits jump as Exceed injects impetus into overseas expansion
Well management firm Exceed Energy has enjoyed at jump in profits after injecting fresh impetus to its overseas expansion ambitions.
Tullow chief exec and exploration boss exit, shares nosedive
Tullow Oil chief executive Paul McDade and exploration director Angus McCoss have resigned with immediate effect as production expectations for 2020 and beyond have been slashed.
Petrobras sharpens deepwater focus in quest for value
Petrobras is in a state of transformation, company officials said at a press conference in London, with an eye on selling down assets and tackling debt – in tandem with major expansion plans.
Nigeria fires off fresh P&ID challenge
Nigeria has filed a new challenge to the case brought against it by Process and Industrial Developments (P&ID), over a failed gas project in Calabar.
AFC backs mini refining plan in Guinea
Africa Finance Corp. (AFC) has agreed to act as a co-developer of a small refining project in Guinea, via a joint development agreement with Brahms Oil Refineries.
Shell wins ruling blocking enforcement of Nigerian spill case
Royal Dutch Shell Plc won a ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages caused by an oil spill almost five decades ago.
Nigeria yet to make contact with pirates holding oil tanker crew
Nigerian security forces have mounted an intensive search for pirates who raided an oil super tanker off it’s coast and seized 19 crew members but have so far not made any contact with the hostage takers, the West African country’s maritime agency said.