AfDB stumps up cash for Mozambique LNG
The African Development Bank (AfDB) has approved a $400 million long-term senior loan to support the Total-led Mozambique LNG project.
Africa
Equatorial Guinea dishes out licences
Equatorial Guinea has preliminarily awarded nine blocks in its EGRonda 2019 licence round, announcing the results at the Gas Exporting Countries Forum (GECF) under way this week in Malabo.
Technology and tribulations in Sudan
Sudan has undergone a tumultuous 10 years, from the loss of much of its oil production with the breaking away of South Sudan, to the recent and dramatic change of government.
EBRD backs Egyptian refinery upgrade work
The European Bank for Reconstruction and Development (EBRD) is providing a $50 million to upgrade an oil refinery held by Suez Oil Processing Co. (SOPC).
US backs Israeli gas flows to Egypt
Egypt and Israel have signed a natural gas supply deal at the Investment for Africa Forum, with the US government stepping in to provide insurance on the agreement.
Tough prices hit SDX despite production increase
SDX Energy is making strong operational progress in North Africa but lower realised prices for production have dragged down revenues in the first nine months of the year.
TGS kicks off Senegal survey
TGS has launched a new 3D seismic survey in the MSGBC Basin, covering 5,100 square km, in partnership with GeoPartners.
Nigeria’s ex-attorney general arrested in Dubai over OPL 245
Nigeria’s former attorney general Mohammed Adoke has been arrested in Dubai, according to his lawyer Mike Ozekhome in comments to Reuters.
Libya’s NOC sets out big plans in international pitch
Libya expects to raise more than $20 billion in revenue in 2019, with production running at around 1.25 million barrels per day, the company’s chairman Mustafa Sanalla said at a conference in Tunis.
Hawks arrest ANC MP over Eskom probe allegations
South Africa’s Hawks police squad has arrested a former minister Bongani Bongo, and MP from the ruling African National Congress (ANC) party, over alleged improprieties at the Eskom power utility.
Aberdeen’s Zenith Energy in £1m Moroccan job
Well engineering and project management firm Zenith Energy, of Aberdeen, has started work on a £1 million, six-month contract in Morocco.
Trafigura scrutinised over South Sudan arms-for-cash link
Trafigura’s work in South Sudan involved connections with an Israeli middleman who went on to be sanctioned by the US for aiding the conflict, a Swiss NGO has claimed in a new report.
On the up in Tanzania for Wentworth and Orca
Tanzania has struggled to pay its debts to local gas producers but there are signs this is changing, with Wentworth Resources and Orca Exploration posting strong quarterly results on improved collections and higher gas demand.
Springfield celebrates one for one in Ghana
Springfield Exploration and Production has discovered 50 metres of light net oil pay at its Afina-1 well, with gross thickness of 65 metres, offshore Ghana.
Sonatrach swaps out head
Sonatrach’s new head was installed on November 17, with Kamel Eddine Chikhi replacing Rachid Hachichi at the top of the Algerian energy company.
Savannah completes Nigerian entry with Seven Energy
It has been a long time coming, but Savannah Petroleum has completed its acquisition of Seven Energy, broadening its focus from Nigerien exploration to including Nigerian production.
Gas field in Tunisia’s ‘Star Wars’ region to start production
Tunisia’s biggest energy project -- a long-delayed, $1.2 billion joint venture with Vienna-based OMV AG -- will start producing natural gas by the end of the year, the country’s industry minister said.
IEA: Gas and renewables to power Africa
The struggle to provide Africa with energy will become increasingly important, particularly in terms of balancing power with carbon emissions, a new report from the International Energy Agency (IEA) has said.
Action needed on Nigerian oil theft
Nigeria loses 138,400 barrels per day of crude, around 7% of its total production, to theft, spills or shut-in production, according to a report from the Nigerian Extractive Industries Transparency Initiative (NEITI).
Saipem wins Alen pipeline work
Equatorial Guinea has approved a $90-100 million gas pipeline contract with Saipem.
Despite loss, Vaalco tips better times ahead
Vaalco Energy has posted a loss for the third quarter, with realised oil prices slipping and production down.
West African decommissioning regime still to be tested
Nigeria and Angola are coming to terms with the regulatory and legal demands of decommissioning, with scope for knowledge transfer from more mature regions.
US eyes exports of coal, LNG to Africa
The US is eager to export LNG and coal to African states, US Assistant Secretary for Fossil Energy Steven Winberg told the Africa Oil Week conference.
Senegal launches licence round
Senegal has launched its licence round the Africa Oil Week conference in South Africa, although it faces criticism from one company for offering a disputed block.
Sound sets the stage for Moroccan sale
Sound Energy has reached a preliminary agreement on the sale of a major stake in its eastern Moroccan assets for $112.8 million.