South Sudan is running short of foreign-cash reserves and is struggling to pay public-servants’ wages as Africa’s newest country battles weak oil prices and violence that’s straining a peace agreement.
The price crash has put producers around the world under pressure – but few are facing a court challenge in a bid to stop the oil flowing.
South Sudan has postponed its licence round as a result of the coronavirus, officials have said.
Without additional investment, South Sudan’s oil production will fall and become heavier, dominated by its Nile Blend crude.
Gunfire broke out in Khartoum today as former intelligence officers took to the streets to protest the loss of their jobs.
South Sudan has announced a tender for an environmental review of its producing oilfields.
Pressure is mounting on the US to reconsider sanctions on Sudan, where the former president was driven from office in April.
Trafigura’s work in South Sudan involved connections with an Israeli middleman who went on to be sanctioned by the US for aiding the conflict, a Swiss NGO has claimed in a new report.
South Sudan plans to offer 13 blocks under a licence round to be launched in the first quarter of 2020, moving away from the previous preference for direct negotiations.
The US government has sanctioned two men with links to South Sudan’s oil industry.
South Sudan has pulled a number of contracts from French oil giant Total.
South Sudan’s government has opened a tender for companies to perform the audit of national oil production and petroleum industry activities.
A Chinese state oil company moved some staff from South Sudan, where fighting flared almost two weeks ago, as the African nation’s military said it’s trying to disperse an armed group that’s threatening to march on the capital.
A cargo plane that crashed in South Sudan, killing at least 36 people, was not authorised to carry passengers, the head of the country’s Civil Aviation Authority has said. Stephen Warikozi said that the captain of the Antonov AN-12 informed the control tower at Juba International Airport before taking off that he had 12 passengers and six crew members.
The former head of US security company Blackwater USA, Erik Prince, was hired by South Sudan to help repair damaged oil facilities and boost output cut by a year of civil war. Prince’s Frontier Services Group Ltd. (500), a Hong Kong-listed logistics and transportation company, is being paid 18.7 million euros ($23.3 million) by South Sudan’s Ministry of Petroleum to transport supplies to and perform maintenance on the production facilities at the oil fields, Chief Executive Officer Gregg Smith said. About 30 employees including pilots, engineers and logistics technicians have been using helicopters and airplanes to reach South Sudan’s oil fields since September, Smith said.