A flight in Kenya carrying Tullow Oil workers has made an emergency landing following an engine failure.
Further success at Angola’s Agogo field by Eni has seen the estimated oil in place figure rise to 1 billion barrels.
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.
Libya’s production has fallen to 122,430 barrels per day as of February 23, the country’s National Oil Corp. (NOC) has said.
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.
Kosmos Energy has reported a net loss of $36 million for the fourth quarter of 2019, although free cash flow reached $139mn for the period.
Africa Finance Corp. (AFC) will invest $63 million in a 63 MW wind project in Djibouti’s Ghoubet area, which should begin commercial operations in 2021.
Scrapping its dividend, Sasol laid out a tough set of results with earnings down 72% at 4.5 billion rand ($297 million) with its Lake Charles project in the US continuing to drag the South African company down.
ADM Energy has struck a deal to buy a 2.25% stake in Nigeria’s OML 113 from EER for $3 million in shares and cash.
US Secretary of State Mike Pompeo has wrapped up a trip to three African states this week, where he noted the importance of deepening trade ties and the struggle against corruption.
Without additional investment, South Sudan’s oil production will fall and become heavier, dominated by its Nile Blend crude.
Aker Energy has signed a letter of intent (LoI) on a floating production, storage and offloading (FPSO) with Yinson Holdings Berhad.
Worley has won two master service agreements (MSAs) from Total for work on the Mozambique LNG project.
The Alpine Penelope tanker has been attacked offshore Benin with a number of crew kidnapped, Dryad Global reported.
TGS has completed its SN-UDO-19 survey in northern Senegal and has begun a second shoot in the same region, OUP-NORD-20.
US-based Vaalco Energy has found oil at its South East Etame 4P appraisal well, on Gabon’s Etame Marin permit.
The port of Tripoli was struck by projectiles on February 18, Libya’s National Oil Corp. (NOC) has said, which nearly hit an LPG tanker.
Galp will focus on major upstream projects, company executives said today, but these must be able to compete in a world where demand may be constrained.
Nigeria’s Department of Petroleum Resources (DPR) has held a bidders’ conference for those interested in tackling gas flaring in the country.
Glencore’s core business of marketing held up well in 2019 but the trader took a $2.8 billion impairment charge, driven in part by the loss of its oil exploration licences in Chad.
Panoro Energy will drill a production well in Tunisia in May, while three workovers are under way and should be on line by the end of March.
Enageed Resource has issued tenders for the installation of oil tanks and an early production facility on its Oki-Oziengbe area.
Perenco Exploration has signed three contracts for blocks in Gabon, the Ministry of Mines, Petroleum, Hydrocarbons and Gas announced.
Sound Energy’s talks with a potential purchaser of its eastern Moroccan holdings have ground to a halt, with the company opting instead to pursue a micro LNG plan, ahead of more grandiose pipeline development works.
Plans for an IPO for marginal field-developer BW Energy have been pushed back – and pricing scaled back – in light of financial volatility, blamed on the coronavirus in China.