Saipem wins Eni, Snam work worth $911mn
In Cote d’Ivoire, the service company has won a subsea umbilicals, risers and flowlines (SURF) contract for Baleine Phase 2. Eni began producing at this field in August.
Pipelines
Borders open and a new transitional president, Gabon steps forward
As the security forces took control of the country, they ordered borders and ports to shutter. This triggered a drop off in oil loadings, according to OilX’s Florian Thaler.
TechnipFMC wins more Girassol work from TotalEnergies
“We have good knowledge of this field, having built the subsea tree systems for the original Girassol development. It gives us immense pride that our long-term clients continue to show trust and confidence in our solutions through subsequent awards.”
Oil exports rise during Sudan war as pipeline left unscathed
There has been some impact from the war, though, with the supply chain of trucks bringing equipment back to the oil wells having slowed.
Sasol commissions Mozambique facility, despite SA headwinds
In the meantime, Sasol warned of “continued pricing and demand volatility” to come.
Joburg street explosion flips taxis, one killed
Lesufi said there had been a “high smell of gas” in the area before. “Egoli Gas remains the centre of our focus because all of us agree that the cause of this explosion or impact is gas,” he said.
Drawing lines, Tinubu steps in to resolve regulatory roughhousing
The two regulators must “immediately comply”, it said, and “ensure that no duplication of regulatory responsibilities occurs across any activity”.
Chad, Cameroon divvy up COTCO, Savannah left in the cold
A statement from Chad’s hydrocarbons ministry said the event symbolised the “deep friendship” between the two countries.
Uganda seeks new refinery backers
The ministry had expected a final investment decision (FID) on the $4.5 billion Hoima facility by the end of June. The aim was for the facility to be ready for first oil from the Lake Albert fields in late 2025.
Technip FMC, Technip Energies settle French investigation
The company then self reported to the French authorities. The PNF investigation focused on the two West African states and then expanded into work in Angola.
TotalEnergies’ London office vandalised in EACOP protest
“Many financial institutions have refused to underwrite this project and if TotalEnergies backs off, the government of Uganda would have a hard time funding this project, so we can win."
South Sudan faces headwinds from Sudanese conflict
“It has not been as easy as it used to be. We need to reach out to other countries like Kenya,” he said.
Militant points oil theft finger at Nigeria’s military
“There are notorious navy commanders known to be kingpins in this business.”
Niger-Benin pipeline on track for 2023
R3 should provide around 5,000 barrels per day of production for Savannah, with plateau running for eight years.
Cameroon asks Chad for greater COTCO stake
Chad should transfer a 20% stake in COTCO to SNH, the chairman said. This would reduce Chad’s share from 53% to 33.77%, while Cameroon would have 35.17%. Cameroon President Paul Biya backed such a redistribution, he said.
Chad seizes control of COTCO, halts dividends to Savannah
Chad has said it is holding talks with Cameroon on increasing stakes in COTCO and how to share management.
SMBC follows StanChart, disavows EACOP role
The NGO called on EACOP’s other two financial advisors, Standard Bank and the International Commercial Bank of China (ICBC), to drop the project.
Barclays analysts hit by bias claim in report about controversial pipeline
A group of nonprofits is pushing Barclays Plc to retract an analyst research note they claim amounts to a “whitewash” of the environmental and social impact of an African oil pipeline being developed by companies including TotalEnergies SE.
Perenco sets out Gabon gas-to-power growth plans
Signing the MoU in early April, Gabon said Perenco was investing around $40 million in infrastructure. Gabon Power will put in around $84mn.
NOC shuts down Mellitah for maintenance
NOC said it had made “all necessary arrangements” to make up for the loss of gas during the downtime.
Chad pulls ambassador from Cameroon over Savannah deal
A letter, signed by the Chadian president’s secretary general, Gali Ngothe Gatta, said a number of “Cameroonian personalities” had flocked to Savannah. The company and its backers were interfering with Chadian officials, he said.
Savannah sells down Cameroon pipe stake to SNH
SNH and Savannah Midstream also pledged to support each other as shareholders in COTCo.
Sudan conflict risks oil export squeeze
OilX had expected loadings to rise to 135,000 bpd in May, but “this is now at risk”, he said. “If the fighting continues and damages oil infrastructure then these are the volumes that would be at risk”.
Chad rejects Savannah, claims gross breach of contract
The country attributed increased production to “local Chadian managers who were no longer restrained by ExxonMobil’s pre-exit policies”.
Savannah counts the cost of Chad nationalisation
The Niger-Benin export pipeline will serve to unlock developments in Niger. The line is 75% complete, Savannah reported, and should be fully operational in the fourth quarter of this year.