Oil & Gas

Sonangol to go public before 2022 – Minister

Jan 24, 2020

On Wednesday, the Angolan Minister of Petroleum, Diamantino Azevedo (photo), announced that the plan to partially list Sonangol on the stock market will become a reality before 2022. Initially mentioned in October 2018, the introduction of the national jewel on the stock market will concern 30% of all shares. This first calendar will speed up…

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AMPC to support Equatorial Guinea’s Year of Investment initiative

Jan 24, 2020

The Atlantic Methanol Production Company (AMPCO), which operates in Equatorial Guinea, has announced its support to the expansion and diversification of the country’s downstream sector, African Energy Chamber said on Thursday. AMPCO, which  runs one of Africa’s largest methanol plants on Bioko Island in Equatorial Guinea, said it decided to support the ongoing Year of…

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Coronavirus could affect oil demand and reduce the price of a barrel of oil by $3

Jan 24, 2020

The Coronavirus now constitutes an international threat which could affect the oil market. Oilman Sachs Investment Bank study finds that oil demand could drop by 260,000 barrels a day in the coming days, which should translate into a decline of three dollars per barrel due to risks associated with the spread of the epidemic. Indeed, the…

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Total and Tullow launch joint sale of their stakes in Kenyan oil project

Jan 24, 2020

Total (TOTF.PA) and Tullow Oil (TLW.L) aim to reduce their stakes in Kenya’s first oil development with a joint sale that could see Tullow exit completely amid uncertainty over the project’s launch, banking and industry sources said. The two oil and gas producers have hired French bank Natixis to run the joint sale process for…

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SAExploration secures two seismic acquisition deals in West Africa

Jan 24, 2020

SAExploration has announced two new projects in offshore West Africa.  The projects are valued at approx. $42 million in aggregate and are scheduled to occur primarily during the 2nd quarter of 2020 and last approx. 71 days.  Services to be provided will include 3D/4D data acquisition utilizing autonomous ROV-deployed nodal recording technology in water depths up to 1,700…

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SDX provides update on Morocco operations

Jan 24, 2020

SDX Energy, the Middle East and North Africa-focused oil and gas company said it expects production to get a boost from new drilling in Morocco and Egypt. The company, which saw its 2019 production rise 12 per cent to 4,020 barrels of oil equivalent per day (boe/d) compared the year before said it sees 2020…

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South Sudan extends pre-qualification for environmental audit of its oilfields

Jan 24, 2020

The Republic of South Sudan has invited companies to bid for a tender to conduct a full environmental audit of the country’s oilfields On the 9th of January 2020, the Government of the Republic of South Sudan announced a tender for a comprehensive environmental audit of all the country’s producing oilfields. The Ministry of Petroleum…

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Tanzania’s oil, gas players seek deal with Government

Jan 23, 2020

The year-2019 has gone – and now stakeholders in the oil and gas sector harbour hopes that they will be able to make concrete progress in seeking to agree on key terms in negotiations with the Tanzania government for a Host Government Agreement (HGA) for the development of Liquefied Natural Gas (LNG) plant in the…

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Edison begins drilling exploration well off Egypt

Jan 23, 2020

Edison Exploration and Production has started drilling the first exploration well in its North Thekah concession located in the Egyptian Eastern Mediterranean waters. The well was spud on January 18, 2020, using the Maersk Discoverer semi-submersible rig, Edison said. The company holds a 100 percent working interest in this concession. The drilling operation is estimated…

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SOFEC secures Sangomar turret contract award

Jan 23, 2020

SOFEC announced that it has been awarded an external turret supply contract by MODEC for a Floating Production Storage and Offloading (FPSO) vessel for the Sangomar (formerly SNE) Field Development Phase 1 (Sangomar Field Development) project in the Sangomar Offshore and Sangomar Offshore Deep oil blocks, located offshore Senegal. MODEC will supply the FPSO under…

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