Oil & Gas

EITI unhappy with Ghana’s oil, mineral resources management transparency

Mar 25, 2019

Ghana’s inability to publish an audited report on its extractive sector has angered an International body established to promote accountable management of oil, gas and other mineral resources. Guided by the belief that a country’s natural resources belong to its citizens, the International body, the Extractive Industries Transparency Initiative (EITI) standard requires the disclosure of…

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Aminex and ARA Petroleum Tanzania extend Ruvuma farm-out agreement

Mar 25, 2019

Aminex announces that all parties to the previously announced Ruvuma farm-out agreement have agreed to an extension to the longstop date to 31 July 2019. The Company and ARA Petroleum Tanzania Limited (“APT”) have made good progress on closing out the conditions precedent, including all joint venture partner approvals, and are actively engaged with the…

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Sound Energy reports increase in Tendrara TE-7 connected gas volume

Mar 25, 2019

Sound Energy, the Moroccan focused upstream gas company, has provided a further update on the TE-7 well reservoir pressure, following the latest retrieval of the pressure gauge data. The measured pressure data provides further information on the extent and quality of the reservoir at TE-7 and provides additional confidence for the development plan of the…

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Exxon, Algeria talks to tap shale gas falter over unrest

Mar 24, 2019

Talks between Exxon Mobil and Algeria to develop a natural gas field in the North African country have stalled because of domestic unrest, industry sources said. Irving, Texas-based Exxon entered talks with Algeria’s national oil company Sonatrach several months ago to develop a field in the southwestern Ahnet basin, the sources close to the discussions…

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Tanzania to begin talks for $30b LNG project

Mar 23, 2019

Tanzania plans to negotiate terms for developing a $30 billion liquefied natural gas project with companies between April and September, the Energy Ministry said. The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties with respect to the development, construction and operation of the…

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Sudan PM dissolves Sudanese Petroleum Corporation

Mar 23, 2019

Sudan’s Prime Minister Mohamed Tahir Ayala dissolved the state-owned Sudanese Petroleum Corporation and dismissed its secretary general, Azhari Ibrahim Bassbar, state news agency SUNA said on Wednesday. Ayala ordered all the corporation’s assets, documents and employees be transferred to the oil ministry, SUNA said, without giving a reason for the move. The Sudanese Petroleum Corporation…

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Anadarko to charter 16 tankers for Mozambique LNG project

Mar 23, 2019

Anadarko said on Thursday it would seek long-term charters for around 16 liquefied natural gas (LNG) tankers it would need to ship gas from a proposed project in Mozambique. The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers…

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Fuel crisis worsens in North Darfur, Sennar states of Sudan

Mar 21, 2019

People in Sudanese states such as North Darfur and Sennar continue to experience a steady rise in prices for fuel and consumer goods, exasperating their lives through various ways. The fuel and liquidity crises have been ongoing in Sudan and is considered the main cause of the demonstrations in the cities and states. A resident…

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Total and Sonangol sign oil block contract in São Tomé & Príncipe

Mar 21, 2019

São Tomé and Príncipe’s National Petroleum Agency on Friday is due to sign a production-sharing agreement with the consortium made up of France’s Total E&P and Angola’s Sonangol, according to a statement released on Thursday in São Tomé. The production-sharing agreement, signed after the conclusion of negotiations with the consortium, is focused on oil prospecting…

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Libya produces 1.2m bpd of oil – Tripoli finance minister

Mar 21, 2019

Libya is producing 1.2 million barrels a day (bpd) of crude, Tripoli-based finance minister Faraj Bomtar said on Wednesday. “We expect a further increase in the coming days,” he told reporters when presenting the 2019 budget. He gave no details. The OPEC oil producer this month reopened the 315,000 bpd El Sharara oilfield which was…

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