Ghana extracts better terms from Cenit
Ghana has reached an amended deal with Cenit Energy, which should save the country more than $200 million.
Africa
Upland seeks to firm up rank exploration
Upland Resources is closing in on the reprocessing of seismic on what could be an area of interest in Tunisia.
Siemens wins NLNG compression train work
Nigeria LNG (NLNG) has awarded Siemens Energy a contract to provide a boil-off gas (BOG) compression train at Bonny Island.
San Leon celebrates dividends, eyes pipeline losses
San Leon Energy continued its theme of paying out dividends, while projecting better times ahead as pipeline losses are expected to fall dramatically.
Seplat swings into action over water well problems
Seplat Petroleum has investigated reports of hydrocarbons in some Delta State water wells and is providing assistance to locals.
Acoustic Data chalks up North African win
Private equity-backed Acoustic Data has won work with one of the big four service companies at a gas field in North Africa.
Sonangol income halves in 2019
Sonangol posted net income of $125 million for 2019, while EBITDA reached $4.78 billion up 10% year on year.
NOC lifts force majeure at Zueitina
The National Oil Corp. (NOC) has lifted force majeure at the port of Zueitina and the associated oilfields, operated by Zueitina Oil Co. (ZOC).
ReconAfrica denies frack plans for Namibia
Reconnaissance Africa has defended its drilling plans in northern Namibia, denying that it will carry out operations in environmentally sensitive areas.
East Med gas deal signed
A number of states have signed an agreement formalising the East Mediterranean Gas Forum (EMGF).
New onshore study launched ahead of Angola round
Trois Consulting and DDMS have announced the offering of a fully integrated geological and geophysical study for onshore exploration in Angola.
Chad asks to suspend payments on Glencore oil-backed loan
Chad asked Glencore to suspend payments on its oil-for-cash loan this year, a move that could prove a precedent for private creditors worried about being dragged into a global debt-relief push for poor countries.
PetroNor reaches Gambian deal
PetroNor E&P has reached an agreement with The Gambia, relinquishing its claim to one block while cementing its hold on another.
ReconAfrica under fire over Namibia drill plans
Reconnaissance Energy Africa has come under fire in the Southern African press over its plans for drilling in Namibia, close to the border with Botswana.
Mozambique, South Africa see pandemic delays
COVID-19 has delayed South Africa’s plans for a new upstream bill and exploration drilling in Mozambique.
Sapura wins Cote d’Ivoire drilling
Sapura Energy will drill offshore Cote d’Ivoire in the first quarter of 2022 for Foxtrot International.
DOF Subsea wins Angola vessel work
DOF Subsea has won an integrated field support vessel (FSV) contract from an unnamed IOC in Angola.
Waltersmith refinery ready for October start
Waltersmith Petroman’s modular refinery has been completed and will begin operations on October 14, the Nigerian Content Development and Monitoring Board (NCDMB) has said.
Eni scores major gas find with Nooros extension
Eni and BP have made a new gas find in the Great Nooros area, in the Abu Madi West lease offshore Egypt.
Sasol pledges to safeguard seas from plastics
Sasol has signed up to Operation Clean Sweep (OCS), intended to prevent plastic waste from entering the sea.
South Sudan fails to pay workers as oil plunge fuels crisis
South Sudan is running short of foreign-cash reserves and is struggling to pay public-servants’ wages as Africa’s newest country battles weak oil prices and violence that’s straining a peace agreement.
Innovation is imperative for Africa’s renewable energy
In Africa there is an unacceptable gap between electricity supply and demand, where 600 million people still lack access to reliable energy.
Eskom calls for more emergency power
Eskom and the Department of Mineral Resources and Energy (DMRE) have come out in support of the National Energy Regulator of South Africa’s (Nersa) plans to secure new power generation.
Uganda signs Total, Tanzania deals
Uganda has signed a host government agreement (HGA) with Total on the East Africa Crude Oil Pipeline (EACOP), followed by new declarations with Tanzania on the link.
Africa Oil, the exception
Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.