Tanzania said it has finalised a land acquisition for the site of a planned LNG plant.
Nigeria’s government is set to carry the burden of boosting the economy as the central bank signaled it won’t ease currency controls that are hurting businesses. President Muhammadu Buhari is seeking to compensate for plunging oil revenue and the slowest growth in 16 years by boosting spending by a fifth to 6.1 trillion naira ($30.6 billion) this year. With Governor Godwin Emefiele on Tuesday resisting pressure to ease foreign-exchange restrictions and devalue the naira, fiscal stimulus may need to take the lead in sparking a rebound.
Kosmos Energy said it has made a significant gas discovery offshore Senegal.
Oil major Chevron said the Angola LNG export project has started recommissioning.
Sound Energy said it has acquired a further 50% operating interest in three onshore gas permits in Morocco. The company has reached heads of agreement with PetroMaroc after previously announcing an initial 25% interest in the Sidi Moktar licences from Maghreb Petroleum Exploration.
Oil major Chevron said it plans to sell 75% of its South African business unit.
Libya’s chairman of the NOC (National Oil Corporation) has claimed more than $53billion of lost revenue from the energy industry has been caused by the country’s Petroleum Facilities Guard (PFG). Figures show the country, which is battling between two different factions for power, has lost more than $68billion since 2013.
Seplat Petroleum has seen its working interest production for last year boosted by more than 40%. The Nigeria and London Stock exchanged firm said its current daily production interest was sitting at around 55,000boepd (barrels of oil equivalent per day) with both its oil and gas rates strong.
MX Oil is considering an offer for Nigerian investment, it confirmed today.
Nigeria plans to sell as much as $1 billion of Eurobonds to help fund a record budget deficit this year, Finance Minister Kemi Adeosun said. Officials from Africa’s biggest oil producer plan to hold non-deal roadshows to meet investors and explain the government’s policies to revive economic growth, Adeosun said Friday in an interview at the World Economic Forum in Davos, Switzerland.
Groups including Greenpeace and London Zoo have called on the Ugandan government to abandon plans to search for oil beneath Lake Edward.
MX Oil is looking to pool £2million to fund its Nigeria asset through to production.
ISIS (Islamic State) has attacked installations close to Libya’s Ras Lanuf terminal as it threatened of more attacks in coming days. According to reports from the region, at least two storage tanks from the Harogue Oil Operations company were set on fire near to the country's leading oil terminal.
Cameroon-based gas supplier Victoria Oil & Gas said there had been minimal impact from weak oil prices or customers changing back to oil..
Chariot Oil & Gas has launched its 3D seismic survey offshore Nambia.
Solo Oil has confirmed that Kiliwani North operator Animex has now executed the gas sales agreement for the Kiliwani North-1 well with the Tanzania Petroleum Development Corporation on behalf of their joint venture partnership.
Aminex today confirmed it had struck a deal with the Tanzanian government ahead first production form its Kiliwani North gas field.
Bowleven said it has now wrapped up an extended flow testing programme at Moambe and Zingana. The Africa focused oil and gas explorer said the results continue to support plans for around five to six mmscfd of gas for power generation under a development scheme with Actis and Eneo in Cameroon.
Gulfsands Petroleum has had a two-year extension to its Chorbane Licence ratified by the Tunisian authorities.
Genel Energy said the Aigle-1X exploration well on the CI-508 licence offshore Côte d’Ivoire (Genel 24% working interest) is in the process of being plugged and abandoned after failing to encounter hydrocarbons. The completion of this well concludes Genel’s committed Côte d’Ivoire drilling programme.
Sound Energy has entered into a three-well field management agreement with Schlumberger for the Tendrara licence, onshore Morocco.
Aminex has netted a six-month reprieve to pay back its corporate loan facility.
Victoria Oil and Gas, the Cameroon-based utility specialist, has appointed industry veteran Iain Patrick to its board.
Scottish oil explorer Bowleven, which is focused on African opportunities, has submitted the Bomono Exploitation Authorisation Application (BEAA) to the Cameroon authorities as planned.
Sound Energy has completed the farm-in agreement with the Moroccan Oil and Gas Investment Fund in relation to the Tendrara Lakbir Licence, onshore Morocco.