PetroNor returns to arbitration in Senegal dispute
PetroNor’s bid to avoid arbitration over a licence dispute with Senegal has failed.
Africa
Libya’s oil sector must “hope for the best” on security
Libya has entered a “rare period of political stability” but it faces two major challenges, according to a recent Verisk Maplecroft report.
Angola plans delayed roadshow
Angola will hold a roadshow session for its 2020 bid round on April 12, pushed back from April 6.
Shell signs MoU with Sonatrach
Shell signed a memorandum of understanding (MoU) with Sonatrach last week, looking at potential trading opportunities.
Total notes African delays, drilling plans
Total expects to start up its Ikike field, offshore Nigeria, by the end of 2021 and will drill a number of exploration wells across its African portfolio.
Libyan government signals budget support for NOC
Libya’s National Oil Corp. (NOC) held a meeting with the new government on March 31 to discuss the importance of funding the company.
Hoax alleges Galp withdrawal from Mozambique
A hoax statement claims Galp is abandoning its involvement in northern Mozambique in order to pursue a “100% renewable future”.
Lukoil drops FAR offer, Woodside in pole position
Lukoil has pulled its non-binding bid for FAR, clearing the way for Woodside Energy to increase its stake in the Sangomar project.
SAS arrives in northern Mozambique
Foreign military support is growing in Mozambique’s northern Cabo Delgado Province following the attack on Palma but it is clear that the LNG plans have suffered a major setback.
Tanzania’s new president suspends ports head
Tanzanian President Samia Suluhu Hassan has suspended the head of the Tanzania Ports Authority (TPA) in connection to missing cash.
Ever Given freed, Suez ships resume transit
The Ever Given has reached the Great Bitter Lake, allowing the Suez Canal traffic jam to begin easing.
Pharos cuts breakeven at El Fayum
Pharos Energy has secured improved fiscal terms on its El Fayum concession, in Egypt’s Western Desert.
Etinde FID delayed once more
A final investment decision for the Etinde project in Cameroon has slipped once more, with Bowleven now tipping 2022.
Ever Given on the move
The MT Ever Given has been partially re-floated, although there are conflicting reports about whether more work will be needed to free the container ship.
Expats killed in Mozambique attack
The terrorist attack on Palma on March 24 has led to the deaths of a number of people and expatriate workers.
Oil prices, memes rise as Suez jam continues
The MT Ever Given remains stuck across the Suez Canal, driving up oil prices – and jokes on social media.
NNPC loses $340mn per month on PMS sales
The gap between what Nigeria pays to import fuel and what it is sold at is unsustainable and must change, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
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.
Penspen wins Feruka-Harare pipeline work
Petrozim Line has awarded a 10-month engineering contract to Penspen, on the Feruka-Harare pipeline in Zimbabwe.
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.
Mozambique attack undermines Total return plans
Just hours after Total announced its proposed plans to restart work at Mozambique LNG, insurgents have attacked the nearby town of Palma.
Blocked Suez Canal halts key oil and LNG trade flows
The fallout from one of the world's largest container ships getting stuck in Egypt’s Suez Canal is disrupting oil and LNG shipments. Crude prices are already rising as the crucial world shipping choke point is set to be cut off for at least another two days.
Total restarts Mozambique LNG work under new security deal
Total intends to resume work at the Mozambique LNG site after the government has provided assurances of improved security.
Traffic jammed at Suez as carrier runs aground
The MT Ever Given container ship has become wedged into the wall of the Suez Canal, blocking the waterway.