Marsh named as insurance broker for EACOP plan
Marsh McLennan has been identified as the insurance broker for the East African Crude Oil Pipeline (EACOP).
Pipelines
Cameroon plane disaster kills nine oil workers
A light aircraft chartered by Cameroon Oil Transportation Co. (Cotco) crashed in a forest close to Nsem, in Cameroon on May 11 with no survivors.
Spain defends gas exports to Morocco against Algeria
Spain will export gas to Morocco, it has said, but will ensure these flows do not include Algerian gas.
Oil lifts Seplat higher, but pipe problems continue
Seplat Energy has reported some slow progress at pipeline projects, but with EBITDA growing at 82% year on year it is seeing a clear benefit from higher oil prices.
Worley wins FEED work for world’s longest offshore pipeline
Worley will carry out a front-end engineering and design (FEED) study for the proposed Nigeria-Morocco Gas Pipeline (NMGP) project.
Eni signs up Egypt gas flows following Algerian commitment
Eni has signed a deal to secure more gas flows for Italy from Egypt, just two days after striking a similar agreement with Algeria.
Spain and Naturgy prep for higher Algerian gas prices
Spain is preparing to pay more for gas supplies from Algeria, with both sides warning of the raise.
Africa’s resources match Europe’s demand, but with challenges
Europe’s energy security woes represent an opportunity for African gas supplies, according to Africa Finance Corp. (AFC), although noting the infrastructure challenges along the way.
Wentworth sets net zero plan as production rises
Wentworth Resources has posted another strong set of results with revenues up 26% on higher production.
World’s largest reinsurer will not provide EACOP cover
Munich Re will not insure the East African Crude Oil Pipeline (EACOP), throwing up another challenge for the TotalEnergies-driven project in Uganda and Tanzania.
Descalzi moves on to Algeria in gas hunt
Eni CEO Claudio Descalzi has continued his progression around North Africa, holding talks with top Algerian officials on April 3.
Sojitz buys into Nigerian gas distributor in Helios deal
Helios Investment Partners has sold a 25% stake in its Nigerian gas distribution unit, Axxela, to Japan’s Sojitz Corp.
Mozambique president launches Temane project
Mozambique President Filipe Nyusi has ceremonially laid the first stone for the Temane project.
Naftal signs up Sonatrach pipeline work for LPG supplies
Algeria’s Naftal has signed a deal with Sonatrach’s pipeline unit on the construction of a 424 km LPG pipeline to run along the Mediterranean coast.
Spain aligns with Morocco, risking gas links
Spain has approved Morocco’s plans for Western Sahara, creating new lines of dispute in Madrid and driving the Algerian ambassador to be recalled.
Libyan pipe stoppage adds to oil price pressure
Libyan production has dipped below 1 million barrels per day following the latest pipeline stoppage by “suspicious gangs”.
Nigeria strikes deal to export LNG via Equatorial Guinea
Nigeria has signed a memorandum of understanding on processing gas for export at facilities in Equatorial Guinea.
Stranded asset risk in Africa on the rise
Investments in Africa’s oil and gas risk undermining a move to lower carbon energy sources and are at risk of becoming stranded assets, according to a new report.
Report: Nigeria’s production shortfall disrupts fuel imports
Nigerian National Petroleum Corp. (NNPC) has run short of oil production, local reports have said, reducing its ability to meet domestic fuel needs.
Seplat expects higher production this year, despite ANOH delays
Seplat Energy saw production drop in 2021 but, with the expectation that a new export route will open in March, expects better things ahead.
Gas supplies start up to OB3 pipe from Kwale plant
Nigerian Gas Co. (NGC) and Nedogas Development have commissioned a gas gathering facility in Delta State to supply the OB3 trunk line.
Savannah strikes Port Harcourt gas supply deal
Savannah Energy has signed a new gas sales agreement in Nigeria, via its Accugas subsidiary.
Sasol skips dividend with focus on transformation
Sasol has reported EBIT of 24.3 billion rand ($1.6bn) for the six months ending on December 31, 2021, up 12%.
El Molla oversees slew of deals at Egypt show
Egyptian Minister of Petroleum and Mineral Resources Tarek El Molla has struck deals with Apache and Yemen, while backing plans for an Egyptian company to pursue petrochemical works in Nigeria.
South African banks opt out of EACOP financing
Four of South Africa’s five major banks have said they will not support the East African Crude Oil Pipeline (EACOP), in Uganda and Tanzania.