Nigerian firm Pelfaco enters oil PSC with Congo Republic

Jun 12, 2019

An indigenous private oil and gas company Pelfaco has entered into oil production sharing deal with Congo Republic’s state energy firm on a 32-million barrel oil field on Congo’s oil ministry Tuesday confirmed the arrangement. The Congolese ministry said in a statement that the field in the south of the country would last for 25…

Read More

ULO finishes Perenco’s Gabon Job

Jun 12, 2019

ULO Systems completed work on the Lucina gas line freespan correction campaign for Perenco. The project scope included the supply and installation of grout bags, provision of grouting equipment and supply of qualified manpower. The scope of the project included the delivery and installation of grout bags to support the freespan rectification of the Lucina…

Read More

Equatorial Guinea to unveil 2019 oil and gas licensing round to Asian investors

Jun 12, 2019

he African Energy Chamber will host an investment forum in Beijing on 2-3 July 2019, with a focus on giving Chinese and Asian investors access to Equatorial Guinea’s EG Ronda 2019 Licensing Rounds for oil and gas and mining. The forum will be held at the Kempinski Hotel Beijing Lufthansa Center. Earlier this year, the…

Read More

Somali region to now receive 50% of oil revenue

Jun 11, 2019

Ethiopia’s House of Federation (Upper House) passed a bill that’ll give Somali region 50% of oil revenue from the Somali region. Last year, Ethiopia started producing crude oil in the Somali region but the share the region would get has been contentious issue   Source: Dalsan Radio

Read More

SFO fines FH Bertling for bribery in Angola

Jun 11, 2019

Today FH Bertling Ltd was handed an £850,000 fine for a bribery scheme created to secure contracts in Angola. Through that corruption, the company ‘won’ and retained $20m worth of freight forwarding services contracts for the company, paying bribes amounting to $350,000, resulting in 7 convictions against the company and its employees. The 4 year…

Read More

Intense battle for Tripoli rages on

Jun 11, 2019

The battles near the Libyan capital of Tripoli continues as the country draws closer to falling than it has been since the civil war to oust Muammar Qaddafi. Eastern Libyan forces are bombing the military section of the only functioning airport in the capital. The battle for Tripoli has been going on for two months,…

Read More

Conservationists petition banks to drop Uganda-Tanzania pipeline

Jun 11, 2019

A group of 30 international and local campaign groups have petitioned two banks to abandon plans to raise funds to build an oil pipeline to export Ugandan oil, saying the project would damage local livelihoods, water resources and wildlife. The 1,445 km (900 mile) pipeline, which will run from fields in the west of Uganda…

Read More

Ghana Gas still not paying what it owes

Jun 10, 2019

Ghana National Gas Company (Ghana Gas) is owing Ghana National Petroleum Corporation close to $1Billion, being cost of raw gas it has received from the state hydrocarbon company without paying the latter. Between January and June 2018, Ghana Gas sold processed gas with total invoice value of $160,648,513.18. This amount comprised expected revenue from the…

Read More

BHGE launches its multimodal facility expansion in Angola

Jun 10, 2019

BHGE expands facility in Luanda to manufacture, service and repair technologies and equipment across its four product companies; expanded facility will enable fullstream solutions to serve local and regional customers across the oil and gas value chain; expansion supports company’s localization strategy and serves as hub to serve customers in Angola and Southern Africa region.…

Read More

CGG in seismic hunt off East Africa and West Indian Ocean

Jun 10, 2019

New 2D Regional Multi-client Survey will Assess True Hydrocarbon Potential of this Frontier Region As industry interest in hydrocarbon exploration offshore East Africa increases, attention is turning to frontier areas in the region such as the West Indian Ocean. At first glance, this area looks like a barren oceanic crust with little potential, but there…

Read More