Oil & Gas

Sonangol announces Cabinda and Luanda Refinery agreements

Jun 5, 2019

Sebastião Pal Querido Gasper Martins, Sonangol E.P CEO, announced United Shine as the winner of the construction contract for the gasoline production unit of the Luanda Refinery and also signed a partnership agreement with United Shine for the Cabinda Refinery. This was announced during the opening day of the Angola Oil & Gas conference and…

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Ghana’s GNPC commences onshore data processing of Voltaian basin

Jun 5, 2019

Ghana National Petroleum Corporation (GNPC) has commenced the processing of the data acquired from a 2D seismic survey of the Voltaian Basin which commenced in 2018 and was scheduled to be completed by the end of the first quarter of this year. While it is still unconfirmed whether the acquisition of data was indeed completed…

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Anadarko books Saipem, other EPC contractors for Mozambique LNG

Jun 5, 2019

Saipem, in Joint Venture with McDermott International and Chiyoda Corporation, has reached agreement with Area 1 Concessionaires on an EPC Contract to engineer and construct an onshore LNG project in Mozambique. Saipem, as involved in the project for a volume currently equal of about 6 billion USD, will operate as leader of CCSJV s.c.a.r.l. (“CCS…

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Mauritania’s offshore development expected to provide multi-sector opportunities

Jun 5, 2019

Mauritania is open for business – that was the message from the north-west African country’s ambassador to the UK when he addressed a Mauritanian British Business Council (MBBC) event in London this week. HE Isselkou Ould Ahmed Izid Bih told delegates at a briefing from BP on the Greater Tortue Ahmeyim hydrocarbons development that Mauritania…

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Zimbabwe’s Govt pins hopes on oil findings

Jun 5, 2019

Zimbabwe may start producing its own diesel and petrol within the next 10 years following encouraging exploration findings by Australian company, Invictus Energy, in the Muzarabani area, a Cabinet minister has said. Discovery of oil, which appears highly likely as evidenced by the results of extensive evaluation of existing and new data using latest technology,…

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Angola courts investors with oil-block auction, new refineries

Jun 5, 2019

Angola unveiled plans to boost refining and auction oil blocks as it seeks to attract investors back to its struggling energy industry. Crude output in the southern African country dropped steeply after investment dried up during oil’s 2014-2017 crash. And despite being the continent’s No. 2 oil producer, Angola imports most of its gasoline, with…

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Savannah Petroleum plans more Niger drilling

Jun 4, 2019

UK player Savannah Petroleum is planning further exploratory drilling on its acreage in Niger, where it is also looking for a partner for the R3 East portion of the R3/R4 production sharing contract area. The Niger-focused company is aiming to have an early production system at its Agadem Rift basin field development up and running…

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Eni announces 5th light oil discovery in Block 15/06, off Angola

Jun 4, 2019

Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 million barrels of light oil in place. The Agidigbo-1 NFW has been drilled by the West Gemini…

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Gambia sees fuel prices increase

Jun 4, 2019

According to official sources, the pump price in petrol has increased by D57.36 per litre, while diesel increases by D56.17 per litre effective 1 June, 2019. In April 2019, the price of petrol was D50.36 per litre and diesel was D54.66 per litre. In May, the petrol was D55.44 per litre and diesel rose to…

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ExxonMobil, BP pull out of bidding for Ghana’s oil blocks

Jun 4, 2019

US oil giant, ExxonMobil and British Petroleum (BP) have pulled out from bidding for oil blocks in Ghana, in the ongoing Licensing Bid Round. The two International Oil Companies (IOCs) had earlier submitted applications for direct negotiations for block 5&6, but pulled out at the embers. It is not clear yet why the two multinational…

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