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.
E&P
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.
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.
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.
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.
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.
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.
Sonatrach calls for compliance with COVID-19 measures
Rising COVID-19 numbers in Algeria have driven Sonatrach boss Toufik Hakkar to call for employees to increase their vigilance.
Victoria ends royalty spat with former chair Foo
Victoria Oil & Gas has reached a deal to settle its dispute with Cameroon Holdings Ltd (CHL), ending the legal action and cancelling a royalty agreement.
Rosgeo completes first phase in Rio Muni
Russia’s state-owned Rosgeo has completed its first phase of work in Equatorial Guinea’s Rio Muni region.
Sasol sets out carbon path amid social pressure
Sasol has set out steps to cut carbon emissions in a 10-year pivot away from coal and towards alternative energy sources.
FAR strikes bittersweet Sangomar sale with ONGC
Australia’s FAR Ltd has struck a deal to sell its Senegal interests to India’s ONGC for $45 million plus some costs.
Nigeria protests target Shell in UK, Netherlands
Activists have mounted demonstrations at Shell’s headquarters in London and The Hague, in protest over the killings of the Ogoni 9 in Nigeria, 25 years ago.
Tullow completes sale to Total, exits Uganda
Tullow Oil has completed the sale of its Ugandan assets to Total, receiving $500 million.
Ghana orders Eni, Springfield to unitise
Ghana has ordered Eni and Springfield Exploration and Production to unitise the Afina and Sankofa fields, after the two companies failed to make progress on their own.
Kosmos scraps Mauritania, Senegal sale plans
Kosmos Energy has dropped plans to sell down its stake in an LNG project offshore Mauritania and Senegal, instead opting to seek financing for its plans.