Oil & Gas

Stable, predictable policy and regulatory framework must be created – SA Energy Minister

Jul 13, 2019

A stable, predictable policy and regulatory framework must be created that will lead to investment and growth in South Africa’s energy sector, says the country’s Mineral Resources and Energy Minister, Gwede Mantashe. Minister Mantashe was delivering his first energy budget speech in Parliament since the merging of his mineral resources portfolio with that of energy…

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Cede part of Tema Oil Refinery to private investors – MD

Jul 13, 2019

Cede part of the Tema Oil Refinery (TOR) to private investors to revamp and improve the company’s operations, Managing Director of Tema Oil Refinery (TOR), Isaac Osei, has recommended to government. According to him, such an arrangement was necessary to ensure the right investment as well as address capacity challenges and compliance to regulatory system…

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Egypt pays down debts to IOCs

Jul 12, 2019

Egypt’s arrears to foreign oil companies declined to $900 million at the end of June from $1.2 billion a year ago, the petroleum minister said on Thursday, adding that the remaining amount would be paid soon. The Egyptian government had told the International Monetary Fund in a letter in January it intended to “eliminate” arrears…

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Total hires deepsea rig for drilling operations offshore South Africa

Jul 12, 2019

Offshore driller Odfjell Drilling has signed a firm contract with French oil major Total for drilling offshore South Africa. Odfjell said on Thursday that the contract was awarded to the 6th generation semi-submersible Deepsea Stavanger. The contract value, including compensation for mobilization and demobilization periods, is estimated at being between $145-$190 million plus incentives. According…

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Libya’s NOC sanctions Atshan gas for Ubari power plant

Jul 12, 2019

Libya’s state National Oil Corporation (NOC) has approved Zallaf Oil & Gas Exploration and Production Company’s plans to expedite exploration at the Atshan gas field (NC210 and NC151), with a view to supplying natural gas to the Ubari power plant located about 170 kilometres away. The NOC reported on Tuesday that a feasibility study to…

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Total prepares for Senegal drilling re-start following BOP issue

Jul 12, 2019

Total is poised to resume drilling at a wildcat off Senegal where it recently suffered an issue with a blowout preventer on the Pacific Drilling-owned rig. The French supermajor will restart drilling operations with the drillship Pacific Santa Ana on the Jamm-1XB exploration well on its operated Rufisque Deep block on Friday or over the…

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Shell says Tanzania’s gas type is superb

Jul 11, 2019

Shell said in Dar es Salaam that Tanzania is gifted with a kind of natural gas that has lowest carbon intensity in the multinational corporation’s whole portfolio. In a statement issued in Dar es Salaam yesterday, Shell Tanzania explained the uniqueness of Tanzania LNG project in the global contest and its future relevance. Once complete…

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Digitization of premix fuel distribution imminent – Ghana VP

Jul 11, 2019

The Vice President of the Republic, Dr Mahamudu Bawumia, has served notice that the digitisation agenda of President Nana Akufo-Addo will soon extend to the distribution of premix fuel in Ghana in order to increase efficiency of its delivery to fishermen. According to Vice President Bawumia, introducing digital technologies in premix distribution will ensure that…

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Sudan’s military junta receives minister of petroleum from South Sudan

Jul 11, 2019

Deputy Chairman of the Transitional Military Council (TMC), Lt. Gen. Mohamed Hamdan Daglo, received at the Republican Palace the Minister of Petroleum of South Sudan State, Awu Daniel Chuwang. In a press statement, Chuwang said that the meeting came in the context of the bilateral relations between Sudan and South Sudan and the efforts to…

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Zambia’s fuel prices may rise

Jul 11, 2019

The Government has projected a rise in the fuel pump prices driven by the depreciation of the Kwacha and increased cost of crude oil on the international market. Energy Minister Mathew Nkhuwa told Parliament in a ministerial statement yesterday that since the last downward adjustment in February this year, the Kwacha depreciated. He said the…

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