Oil & Gas

Egypt’s Zohr gas field output rises to 2.1b cubic feet per day

Feb 9, 2019

Egypt’s giant Zohr offshore gas field has raised output to 2.1 billion cubic feet per day (bcf/d) and partners in the project will invest $1.2 billion in fiscal year 2019/2020 to “intensify development activities in the Zohr area”, the petroleum ministry said on Wednesday. The largest gas field in the Mediterranean, Zohr was discovered in…

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Uber, Total Kenya partner to provide fuel discounts for drivers

Feb 9, 2019

Uber Kenya has announced a partnership with Total Kenya to provide driver-partners with discounts on fuel and vehicle maintenance costs. This partnership forms part of Uber’s Rewards programme which is a tailored programme that recognizes the service Uber driver-partners provide to riders and is designed to help drivers, grow their business and reduce overall operating…

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South Sudan allocates 10,000 bpd to Chinese companies for infrastructure development

Feb 9, 2019

The government of cash-strapped South Sudan has agreed to allocate 10,000 barrels of its crude oil per day to Chinese firms to build roads in the country. Chinese companies will build two highways in exchange, the government said in a statement after a cabinet meeting in Juba last weekend. According to deputy information minister, Lily…

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Current state of Tema Oil Refinery cannot attract required private investors – Analyst

Feb 8, 2019

Energy Analyst Ishmael Agyekumhene has expressed doubt about the ability of the Tema Oil Refinery (TOR) to operate fully should private investors get involved. He believes more needs to be done to revamp the nation’s only oil refinery. The Tema Oil Refinery, with a capacity to refine roughly 45,000 barrels of crude oil a day,…

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Libya sees resumption of clashes as warlord Haftar attempts to seize oil field

Feb 7, 2019

Clashes resumed near Libya’s biggest oil field, a day after eastern military commander Khalifa Haftar said his forces had reached the deposit in a push to secure the southwestern region and its energy installations. Haftar’s self-styled Libyan National Army exchanged fire early on Thursday with troops led by Ali Kana, a supporter of the rival…

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Relief in Tanzania as huge cut in fuel prices announced

Feb 7, 2019

THE energy regulator has announced a huge cut in fuel prices for February for a second month in a row due to continuing global oil price slump. New retail prices for petrol in Dar es Salaam effective today are 2,120/- per litre down from 2,295/-, which is equivalent to 7.61 per cent decrease, the Energy…

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Somalia inches closer to oil exploration

Feb 7, 2019

Somalia is set to inch close to oil exploration with the unveiling of the block delineation and legal and regulatory framework to guide the sector on Thursday. The move is the first in over three decades, when the industry brome in to anarchy. The unveiling of the laws and the blocks will set in motion…

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Seadrill establishes new JV with Sonangol in Angola

Feb 7, 2019

Seadrill Limited (“Seadrill”) announces today that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P. (“Sonangol”). The new joint venture, Sonadrill, will operate four drillships, focusing on opportunities in Angolan waters. Each of the joint venture parties will bareboat two drillships into…

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SDX Energy expands presence in Morocco

Feb 7, 2019

SDX Energy, the North Africa focused oil and gas company, has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses. The Moulay Bouchta Ouest exploration licence (SDX 75% working interest and operator), covering an area of 458 km2, has been awarded to SDX for a period…

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Total makes significant gas discovery offshore South Africa

Feb 7, 2019

Total has made a significant gas condensate discovery on the Brulpadda prospects, located on Block 11B/12B in the Outeniqua Basin, 175 kms off the southern coast of South Africa. The Brulpadda well encountered 57 meters of net gas condensate pay in Lower Cretaceous reservoirs. Following the success of the main objective, the well was deepened…

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