Gemcorp has completed preliminary work preparing a site in Angola for the construction of the Cabinda oil refinery.
Conex Oil and Gas Holdings has signed an agreement to buy Total’s fuel marketing businesses in Liberia and Sierra Leone.
The Liberian government is seeking interest from local companies on participating in the offshore licence round, which is due to open on April 10, while moving the launch event online in order to restrict coronavirus transmission.
Liberia has set out plans for a licensing round in 2020, via the Liberia Petroleum Regulatory Authority (LPRA).
Liberian President George Weah ordered a probe into Exxon Mobil Corp.’s 2013 deal for drilling rights off the coast of the West African nation, according to his office.
ExxonMobil said it will begin drilling its first exploratory well off the coast of Liberia next month.
Cash-strapped National Oil Company of Liberia (NOCAL) will slash its work force by over two-thirds and its board of directors will be replaced as it grapples with a fall in the price of oil, the country's president said on Tuesday. The West African country does not produce any oil or natural gas but has placed its hopes in potential reserves offshore in deep and ultra-deep waters, following the example of Gulf of Guinea neighbours Ghana and Nigeria, Africa's biggest producer. But Liberia has been hit hard by a rapid decline in world oil prices that has led many companies to reassess their exploration strategies.