A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
Coronavirus and the sudden drop in oil prices has led to some measure of disruption in Mozambique, local regulator Instituto Nacional de Petroleo (INP) has said, although there should be no long-term impact.
The LNG industry in Mozambique will have a transformative impact on the country’s economy – and establish it as a regional gas hub, participants on an Africa Oil Week webinar have said.
The chief executives of 12 major oil and gas firms have written an open letter saying the Covid-19 pandemic won't delay climate action but has instead "sharpened" the focus on it.
Trial International has filed a criminal complaint against Kolmar Group with the Office of the Attorney General in Switzerland.
The Nigerian government has expressed disappointment that a High Court ruling in England has opted not to hear a civil claim against Shell, Eni and Energy Venture Partners (EVP), over the OPL 245 case.
Lamprell has won a contract from Sharjah National Oil Corp. (SNOC) to carry out work on the Mahani field.
Egypt’s Zohr field produced 5.1 billion cubic metres of gas in the first quarter, according to Russia’s Rosneft.
Vantage Drilling has declared force majeure for two of its rigs, one of which as a result of a coronavirus outbreak.
Italy’s Eni and Scottish firm Cairn Energy have reported disappointment offshore Mexico after an exploration well came up dry.
Total’s well offshore Lebanon has failed to find a reservoir in the Tamar formation, which was the exploration target.
A deal that would have seen Eni increase its stake in Egypt’s LNG sector, and Naturgy bow out, has come apart as coronavirus has interfered.
Italian oil and gas exploration firm Eni has announced that it will slash its capital expenditure (CAPEX) budget for 2020 by more than £2 billion.
Eni has begun producing at two new wells in the Mediterranean Sea, Egypt’s Ministry of Petroleum has announced.
The Italian government has expressed its support for Claudio Descalzi to remain in his post as CEO of Eni despite misgivings voiced from a number of sources.
Eni has reached a deal with the US Securities and Exchange Commission (SEC) to pay a fine to resolve sham payments in Algeria by Saipem.
Companies operating in Angola have reported a production decrease of 18.7% from 2017 to 2019.
An Aberdeen-headquartered company has successfully dismissed a £37m legal challenge around a major North Sea pipeline system.
Scottish operator Cairn Energy has announced "significant reductions" to its capital expenditure across its North Sea producing assets.
Sonatrach has signed a memorandum of understanding (MoU) with Chevron, the Algerian company said.
Scottish operator Cairn Energy has continued its drive for profit with positive full year results for 2019.
Sonatrach and Eni Algeria Production have signed an agreement on the marketing of dry gas from the Zemoul El Kbar licence, until 2042.
A group of oil and gas giants will today announce plans to accelerate a huge carbon capture, usage and storage (CCUS) project to decarbonise an industrial area of Teesside.
Further success at Angola’s Agogo field by Eni has seen the estimated oil in place figure rise to 1 billion barrels.
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.