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Africa

Uganda’s export dream on thin ice

06/09/2019

Preparations for the East African Crude Oil Pipeline (EACOP) have ground to a halt in Uganda following the termination of Tullow Oil’s farm-out talks.

Africa

Seadrill’s West Gemini drillship booked for Africa wells

18/07/2019

Seadrill has secured a nine-well contract with three options, each for two wells, for the West Gemini in West Africa. Total contract value for the firm portion of the contract is expected to be approximately $84 million with commencement expected in early Q4 2019 and running through Q4 2020.

Africa

Shell, Eni executives named in $1billion Nigeria bribery suit

07/05/2019

Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the West African country’s government said in a London lawsuit that it believes a handful of executives, including CEOs, were tied to more than $1billion in bribery payments.

Africa

Financing risks remain for Mozambique’s LNG projects

25/04/2019

While Mozambique is presently recovering from the destruction caused by Cyclone Idai, it has the potential to produce close to 10% of the current global market or 6x the LNG production of Angola.

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