Oil & Gas

Egypt ramps up Idku terminal LNG exports

Nov 14, 2019

Egypt has increased liquefied natural gas (LNG) exports from its Idku terminal to 1 billion cubic feet per day from 300 million cubic feet last month, Al-Borsa, a financial newspaper, reported on Tuesday. Egypt became self-sufficient in natural gas in late 2018 and is seeking to become a regional energy trading hub by liquefying gas…

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FAR announces financing update for SNE field development off Senegal

Nov 14, 2019

FAR Limited has previously indicated that it has a broad range of financing options for the development of the SNE field under investigation. In anticipation, FAR has for some time been seeking the best debt financing solution for the Company. As previously advised, there are a range of possible financing methods available for consideration,but we have…

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Tullow Oil slashes oil output, cash forecast for 2019 as Ghana problems remain

Nov 14, 2019

Africa-focussed Tullow Oil on Wednesday cut its 2019 oil production and free cash flow forecast for the year because of ongoing problems at its Ghana fields, sending its shares 14% lower. Tullow has been struggling with its operations in Ghana due to mechanical issues at its Jubilee field and a delay in completing a well…

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Sonatrach awards EPC contract for construction of new refinery

Nov 13, 2019

In Algeria, the public hydrocarbon company (Sonatrach) has just awarded the engineering, supply and construction contract (EPC) for a new oil refinery to a consortium composed of the Spanish company Tecnicas Reunidas and South Korean Samsung. The facility will be a deep conversion refinery. The value of the contract has not been specified, but the refinery…

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Equatorial Guinea to offer 7 or 8 blocks by month end

Nov 13, 2019

Last week, Equatorial Guinean Energy Minister Gabriel Obiang Lima announced that the country will offer 7 or 8 blocks of oil exploration before the end of this month. These perimeters will be added to the 27 blocks launched recently. The goal is to increase the chances of production in the coming years. The leader said…

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SDX Energy begins production at South Disouq concession in Egypt

Nov 13, 2019

SDX Energy, the MENA-focused oil and gas company, has announced the commencement of production from its operated South Disouq concession (SDX: 55% working interest) in Egypt. Gas has been flowing through the South Disouq Central Processing Facility (‘CPF’) since 7th November 2019.  Each of the four discovery wells have been hooked up to the CPF and tested during…

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Petronas reveals new development opportunities in Gabon

Nov 13, 2019

The Malaysian oil company Petronas has revealed that it has been offered two more F-12 and F-13 blocks, adjacent to its Boudji discovery. Block F-13 is home to a major prospect called Jove Marine. The company is currently carrying out high-end seismic reprocessing and plans to drill there before the end of the last quarter of…

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Supply difficulties cause shortage of domestic gas in Cameroon’s northern region

Nov 13, 2019

For more than two weeks, it is very difficult to source domestic gas in the city of Maroua, the regional capital of the Far North of Cameroon, reveals the regional triweekly The Eye of the Sahel . This shortage of gas extends to all other localities in the region, insofar as they are supplied from Maroua.…

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Africa Energy announces 2D and 3D seismic programs off South Africa

Nov 13, 2019

Africa Energy has announced the award of new 2D and 3D seismic programs on Block 11B/12B offshore South Africa. The operator of Block 11B/12B, Total E&P South Africa, has contracted Shearwater GeoServices for the 2D seismic survey and Petroleum Geo-Services (‘PGS’) for the second phase of 3D seismic on the block. Both surveys are expected to begin in December 2019 and continue through April 2020. PDF Version. Jan Maier, Africa Energy’s VP…

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Tunisian gas field to begin production by end of year

Nov 13, 2019

Tunisia’s long-delayed, $1.2 billion joint venture with Vienna-based OMV AG will start producing natural gas by the end of the year, the country’s industry minister said. Output from the Nawara gas field will enable Tunisia to slash imports of the fuel by 30% and will contribute a full percentage point to the nation’s economic growth…

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