As Afcon heats up, Cameroon power demand rises
The Africa Cup of Nations has tested the footballing mettle of 24 African states – and also Cameroon’s ability to cover the resulting increased power demand.
The Africa Cup of Nations has tested the footballing mettle of 24 African states – and also Cameroon’s ability to cover the resulting increased power demand.
TotalEnergies and CNOOC Ltd have taken the final investment decision (FID) on Uganda’s Lake Albert development, finally triggering the start of work on the 240,000 barrel per day project.
TotalEnergies has signed a memorandum of understanding (MoU) in Rwanda ahead of a final investment decision (FID) in Uganda tomorrow.
Samuel Terry Asset Management has set out a plan to buy Australian-listed FAR through a cash offer of A$0.45 ($0.31) per share.
Trafigura has agreed to provide up to $200 million to Sirius Petroleum to fund its plans in Nigeria, at OML 65.
Kuwait Energy Egypt has begun drilling on the Abu Sennan licence in Egypt, United Oil & Gas has reported, marking the start of a four-well programme.
Tullow Oil’s shift to a more conservative stance is paying off, it seems, with debt down and cash flow on the rise.
Shell’s Graff-1 well has made a “significant” discovery offshore Namibia, Reuters has reported citing three industry sources.
Concerns about the impact of seismic surveys on local marine wildlife are “poppycock”, one of the companies involved has said.
If you were one of the winners of Nigeria’s marginal field bid round but have not paid the signature bonus, too bad, your time is up.
ADM Energy’s board has seen off a shareholder activist attempt at revolution, while a legal challenge over an oilfield in Nigeria has been pushed back.
TotalEnergies and Inpex are selling out of Angola’s offshore Block 14, transferring their interests to locally owned Somoil.
Eni has spudded the Mlima-1 exploration well, offshore Kenya, in the deepwaters of the Lamu Basin.
Pharos Energy is shuffling its executive team, moving Jann Brown to the post of CEO and with Ed Storey shifting to focus on Vietnam, as the company nears completion of its Egyptian farm-out deal.
Poor maintenance at export facilities has driven Libya to shut in exports from the Es Sider terminal, compounding weather-related woes.
Oil workers, and others, have gone on strike in Gabon in protest at COVID-19 measures.
Eco (Atlantic) Oil & Gas is buying South Africa and Namibia-focused Azinam, with CEO Gil Holzman talking of building a major exploration focused independent.
Chariot has made a “significant” discovery at its Anchois-2 well off Morocco. This paves the way for the company to pursue its gas development plans.
Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in Nigeria.
Invictus Energy has secured long-lead items for its planned two-well programme and launched a capital raising programme, as it targets drilling in the first half of the year.
Former Seplat Energy executive Austin Avuru appears to be clashing with his old company in the pursuit of ExxonMobil’s mature onshore Nigerian assets.
Australian minnow FAR (ASX:FAR) is likely to be breathing a sigh of relief on the notice that Allan Gray is no longer a substantial holder, although there remain questions for the future.
United Oil and Gas has made another commercial discovery on its Abu Sennan licence, in Egypt.
Sound Energy has hit all the targets it required to make its LNG gas sales agreement unconditional.
The APA-Sinopec joint venture have reached a new production-sharing contract (PSC) in Egypt, which will see more drilling carried out – and more cash returned to the companies.