Eni to relaunch Berkine work in Algeria deal
Eni has signed a number of agreements, including on relaunching exploration and development, with Algeria’s Sonatrach.
E&P
Eni settles Congo charges
An Italian judge has approved a settlement with Eni over alleged corruption in Congo Brazzaville.
Invictus raises cash for Zimbabwe seismic, drilling
Australia’s Invictus Energy has completed a capital raise of A$8 million ($6.1mn), which it will use to progress work on its Zimbabwean hopes.
Chariot expands into green power for mines
Chariot Oil and Gas is diversifying into renewable energy for mines, under a deal to acquire Africa Energy Management Platform (AEMP).
ADM lines up Barracuda buy
ADM Energy has set out a plan to acquire a stake in the Barracuda field, in Nigeria’s OML 141.
iMbokodo to rock South Africa’s upstream
iMbokodo Exploration and Production is a South African company with a difference, it is led by women and has the cash to back up its aspirations.
Milan court clears Eni, Shell of OPL 245 wrongdoing
A Milan court has acquitted Shell and Eni, and their executives, of allegations of wrongdoing around Nigeria’s OPL 245 licence.
Sterling installs ex-Tullow execs as CEO, COO
Sterling Energy has appointed two ex-Tullow Oil executives to its board as executive directors.
Zenith adds more Tunisian production with Candax deal
Zenith Energy has struck a deal to acquire a 45% stake in Tunisia’s Ezzaouia concession, under a deal with Candax Energy.
Drilling in April to turnaround Tullow’s tough times
Tullow Oil has reported a post-tax loss of $1.22 billion for 2020, with production to continue sliding in 2020.
Shell sells Western Desert assets to Cairn, Cheiron
Shell has signed an agreement to sell onshore Egyptian assets to Cheiron Petroleum and Cairn Energy for $646 million.
Saudi Arabia wealth fund to buy ADES
Innovative Energy has made an all-cash $12.5 per share offer to take ADES International into Saudi Arabian hands.
Total launches transparency push in Uganda
Total has published reviews and plans relating to its Tilenga and East African Crude Oil Pipeline (EACOP) projects in Uganda and Tanzania.
Chariot wins Moroccan support for gas supplies
Chariot Oil & Gas has signed a memorandum of understanding (MoU) with the Moroccan industry minister to position the company’s Anchois project as a local gas provider.
Sasol completes Gabon sale to Vaalco
Sasol has completed the sale of its 27.75% stake in a Gabonese licence to Vaalco.
Botswana stresses environment in talks on ReconAfrica
Botswana has stressed the importance of permitting and environmental regulations in comments around Reconnaissance Africa’s plans – and a prohibition on hydraulic fracturing.
Oxy makes Abu Dhabi find
Occidental Petroleum has made another discovery in Abu Dhabi’s Block 3, the company revealed during a quarterly results conference call.
Kuwait Energy adds up ASH-3 at Abu Sennan
Kuwait Energy has tested the ASH-3 well in Egypt at 6,379 barrels per day of oil and 6.7 million cubic feet per day of gas.
Kosmos plans spending boost in 2021
Kosmos Energy expects its capital expenditure to reach $575-625 million this year, driven largely by its work with BP offshore Mauritania and Senegal.
Sasol approves Mozambique scheme, cuts debt
South Africa’s Sasol has made progress in righting its progress, putting it on the right direction for a greener, cleaner future.
Scirocco picks up momentum
Scirocco Energy is making progress in its transformation, from Tanzanian gas explorer to low-carbon asset owner, and is picking up “real momentum”, CEO Tom Reynolds has said.
Nigerian court orders Shell bank cash freeze
Shell faces another legal battle stemming from Nigeria, with a court ordering banks to freeze company assets.
Egypt launches round with Schlumberger digital platform
Egypt has launched its first bid round of 2021 and a new digital platform collaboration, with Schlumberger.
Energean awards TechnipFMC subsea work
TechnipFMC has won subsea tie-back work on the NEA/NI project offshore Egypt.
Lukoil throws hat into FAR ring
Russia’s Lukoil has emerged as another suitor to buy MSGBC Basin-focused FAR, for A$220 million ($170mn).