Savannah Energy has set out cost and capital expenditure cuts, while also revising a gas sales agreement in Nigeria with Lafarge Africa.
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
Equatorial Guinea expects foreign direct investment in 2021 could reach $1.11 billion, according to the energy ministry, while production is expected to increase.
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
FAR has received a non-binding proposal for its potential acquisition by Remus Horizons PCC that may derail its Senegal sale.
Sasol Petroleum Mozambique is seeking expressions of interest for work on its PSA licence in Mozambique.
Lekoil has received a warning that unless it pays its bills at OPL 310 its stake may be sold off, while also facing shareholder demands for board change.
Eni has struck a new deal for work in Algeria, with a focus on the Berkine Basin, under the new oil law.
The Versailles Court of Appeal has found in favour of Total on its actions in Uganda, where the company is working on an oil production and pipeline plan.
National Oil Corp. (NOC) and KPMG Tunisia have reached a deal on new financial and administration systems.
As with the global industry, African exploration and production plans hit the COVID-19 and oil price-crash roadblock.
Total has tested the Luiperd-1X well at a maximum rate of 9,820 barrels of oil equivalent per day, limited by surface equipment.
Tullow Oil and partners in Kenya have won more time to work out how to produce the South Lokichar oil.
Africa Finance Corp. (AFC) is turning to opportunities in the downstream in an attempt to tackle the continent’s import problem.
Woodside Energy has opted to pre-empt the sale of FAR’s stake in a licence offshore Senegal, which will increase the buyer’s stake to 82% in the Sangomar field.
Kuwait Energy has signed up a drilling rig for work on the Abu Sennan concession and is making progress on the ASH-2 pipeline.
The African Petroleum Producers’ Organisation (APPO) may be moving its headquarters to Congo Brazzaville but the African Energy Investment Corp. (AEICORP) will be based in Nigeria’s capital, Abuja.
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.
Mohamed Mounes Shahat will take the role of Egypt managing director for Neptune Energy, starting in December.
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.
ARA Petroleum Tanzania (APT) has set out a path to first gas at Tanzania’s Ruvuma production-sharing agreement (PSA).
Camco Oilfield Services has signed a strategic services agreement with Weatherford, under which it aims to increase its market share in Libya.
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 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 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.