Gabon invites Japan to participate in its call for tenders for 35 oil blocks

Sep 21, 2020

In November 2018, the Gabonese State launched an auction campaign for 35 maritime oil blocks in the form of a call for tenders. The Minister of Oil has expressed his wish to see Japanese companies show their interest in these blocks. The Minister of Oil, Gas and Mines, Vincent de Paul Massassa received on September…

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Trois Geoconsulting and DDMS provide support for Angola’s onshore oil and gas exploration

Sep 21, 2020

Trois Geoconsulting and DDMS, in association with Angola’s National Agency for Oil, Gas and Biofuels (ANGP), are offering a fully-integrated geological and geophysical study covering the onshore blocks available in the ongoing Angola 2020 Onshore Bid Round. Data available includes 2D seismic coverage of the Lower Congo Basin, a recently updated geological map and database…

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Oil prices slip on potential return of Libyan output, others

Sep 21, 2020

Oil prices fell on Monday on the potential return of output from Libya as rising coronavirus cases also added to worries about global demand, although a tropical storm heading for the U.S. Gulf of Mexico limited losses. Brent crude was down 33 cents, or 0.8%, at $42.82 a barrel by 0645 GMT, while U.S. crude…

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Gambian Govt ends 3 years arbitration proceedings with African Petroleum

Sep 21, 2020

The Gambia Government through the Ministry of Energy on Saturday 19th September 2020, ended three years arbitration between the Gambia and African Petroleum. During the event, Minister Fafa Sanyang also signed an A4 Licence with PetroNor. Oslo Axess is an independent oil and gas exploration Company. This Arbitration was before the International Centre for the…

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Chad seeks to suspend payments on Glencore oil-backed loan

Sep 21, 2020

Chad asked Glencore Plc to suspend payments on its oil-for-cash loan this year, a move that could prove a precedent for private creditors worried about being dragged into a global debt-relief push for poor countries. After securing a $61 million debt waiver in June, sponsored by the Group of 20, the central African nation sent…

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$57m liquid bulk terminal launched at Takoradi Port in Ghana

Sep 20, 2020

Ghana has taken delivery of the new liquid bulk terminal at the port of Takoradi. This is a $ 56.7 million infrastructure funded by Ibistek Ghana Limited. Its quay can accommodate Panamax bulk carriers of 60,000 dwt and should boost the handling of petroleum products. Ghanaian Vice President Dr Mahamudu Bawumia inaugurated on September 15…

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Africa’s natural gas projects are crucial for global energy transition – Nigeria LNG GM

Sep 20, 2020

Africa’s natural gas projects are crucial to the energy transition and economic development in the region and can be used to power industrialisation while reducing the emissions released into the atmosphere, said to Leye Falade, general manager of production at Nigeria LNG (NLNG) at ADIPEC Energy Dialogue. Natural gas is an integral part of the…

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The exploitation of shale gas in Algeria is controversial within govt

Sep 20, 2020

An African pioneer in terms of shale exploration, Algeria is seeking to increase its export resources by launching new exploration programs in the south of the country. Chems-Eddine Chitour, Minister of Energy Transition, however, is not in favor of this decision. In an interview during the program Le Soir d’Algérie , the Minister of Energy…

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Kenyan Govt offers Tullow Oil tax relief in a new deal

Sep 19, 2020

The government gave into a raft of concessions demanded by Tullow Oil after the freeze on Turkana oil exploration in May, according to the firm’s latest financial fillings. The revelations that Kenyan conceded to the tax demands fronted by the British oil explorer now gives a sneak preview into the three months of behind-the-scene arm-twisting…

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Kenya’s EPRA hikes petrol prices, cuts diesel and kerosene pump costs

Sep 19, 2020

Motorists in Nairobi will for the next one month pay more for super petrol after the energy watchdog hiked the price of the commodity by Sh1.48 to retail at Sh105.43, compared to last month’s Sh100.48. The commission says the pumping up of fuel prices is as a result of averaged landed cost of imported Super…

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