Lower oil prices cut into Seplat Petroleum’s revenues for the first nine months of the year, to $388 million down from $494.9mn for the same period of 2019.
Total’s Luiperd gas condensate discovery has been sufficient to end drilling in South Africa’s Block 11B/12B, leaving some exploration options tantalisingly undrilled.
Libya has launched Sarir Oil Operations as a joint operating company to operate Contract Areas 91 and 107, previously held by Wintershall.
The East African Crude Oil Pipeline (EACOP) has signed a host government agreement (HGA) with Tanzania, as plans for the Ugandan oil development near the finish line.
Poor gas demand may restrain Eastern Mediterranean production until 2023, GlobalData has warned.
Nigeria’s Lekoil has struck a strategic alliance agreement to find producing assets with Namibia’s state-owned Namcor.
The Host Communities of Nigeria (Hoscon) has called for the government to do more to help out the people in oil and gas producing areas, warning that it has stopped supporting a ceasefire agreement.
Total has made a second discovery offshore South Africa in the Outeniqua Basin, following the Brulpadda discovery of 2019.
Total will face accusations of human rights violations over its activities in Uganda on October 28, in the Versailles Court of Appeal.
Dana Gas has struck a deal to sell its Egyptian assets to IPR Wastani Petroleum for up to $236 million, including contingent payments.
The National Oil Corp. (NOC) has lifted force majeure from the El Feel field, following high-level agreements on a ceasefire in Libya.
Maurel et Prom’s production fell in the first nine months of 2020, although its acquisition of Angolan assets helped avoid too great a reduction.
Aminex has completed its farm out of the Ruvuma licence to ARA Petroleum Tanzania, completing a process that began in mid-2018.
Namibia continues to expect hydrocarbons to be discovered offshore, but in the meantime is working on energy transition plans.
Sonatrach has brought a fire at the El Merk processing plant under control.
Tullow Oil has reached a binding tax agreement with Uganda, which should allow it to close a sale to Total shortly.
South Africa has approved Afro Energy to produce gas from its ER56 and ER38 licences for two years.
A Nigerian protest movement calling for changes to policing has received support from a group of Niger Delta militants, while coming under fire in Lagos.
Total has chosen a Maersk Drilling vessel for a three-well campaign in Angola's block 17, handing the Danish firm a $30 million deal.
ADM Energy has signed a co-operation agreement with Dubai Bridge Investments to work together on upstream investments in sub-Saharan Africa.
Friends of the Earth France and Survie have accused Total of human rights violations in Uganda and Tanzania.
Total Exploration and Production Nigeria has issued a tender for onshore land rig services at OML 58.
Dana Gas has signed up a $90 million corporate facility from Mashreq Bank, allowing it to redeem its sukuk when it falls due at the end of the month.
Somalia has announced the appointment of six independent directors to the board of the Somali Petroleum Authority (SPA).
Total remains committed to developing hydrocarbon resources, but the cost must be sufficiently low to survive in a world of lower prices, the company’s chairman and CEO Patrick Pouyanné has said.