Oil & Gas

SA firm Sasol completes huge petrochemicals facility in the US

Mar 21, 2019

Fluor Corporation (NYSE: FLR) announced today that its joint venture with TechnipFMC has successfully completed its engineering, procurement and construction management services scope of work on Sasol’s world-scale petrochemical complex in Westlake, Louisiana. The joint venture will continue to provide assistance to the Sasol team with remaining activities by working with Sasol in parallel on…

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African Petroleum to combine with PetroNor

Mar 21, 2019

African Petroleum Corporation Limited (the “Company”, “African Petroleum”, with OSE ticker: “APCL”) is pleased to announce that the Company has entered into an agreement to combine with PetroNor E&P Ltd (“PetroNor”) for an all-share consideration of c. 816 million shares in African Petroleum (the “Transaction”). PetroNor is a privately owned, Africa focused E&P independent, that…

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Gabon Oil Company farms into BW Offshore’s Dussafu licence

Mar 21, 2019

BW Energy Gabon (‘BWE’), a subsidiary of BW Offshore and the operator of the Dussafu licence, has entered into an agreement with Gabon Oil Company (GOC) for the acquisition of a 10 percent interest in the Dussafu production sharing contract. The transaction is subject to the fulfilment of certain conditions precedents, including approval from the…

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South Sudan’s Ministry of Petroleum encourages refiners and traders to take part in crude tenders

Mar 21, 2019

South Sudan’s Minister of Petroleum Ambassador Ezekiel Lol Gatkuoth today announced that the government was inviting more refiners and traders to take part in its upcoming competitive tenders for government-owned crude cargoes. “Due to efforts by the government, under the leadership of H.E President Salva Kiir to increase current production levels, with the target of…

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Egypt to receive Israeli gas by middle of 2019

Mar 20, 2019

Egypt will receive natural gas from Israel under the $15 billion deal by the middle of this year as the pipeline connecting the two countries faced unexpected issues that drew back the start-up by several months, two sources familiar with the matter told Bloomberg. The two sources who asked not to be named said that…

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Sonangol reassures fuel consumers of imminent supply

Mar 20, 2019

The State-owned oil firm “Sonangol” has told its consumers that the fuel supply situation in Luanda province would be tackled but it did not set any deadline for the full solution to the problem, recorded since the early hours of last Saturday. In its statement, Sonangol attributed the fuel shortage to logistic problem, saying that…

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Savannah Petroleum submits R3 East Feasibility Study, SE Niger to Ministry

Mar 20, 2019

Savannah Petroleum, the British independent oil & gas company focused around activities in Niger and Nigeria, has announced that its Niger subsidiary has submitted a feasibility study to the Ministry of Energy and Petroleum in Niger in relation to its planned early production scheme (‘EPS’) and development proposal on the R3 East portion of the…

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Gas production in Mamba field to start by 2024 – Eni boss

Mar 19, 2019

ENI’s CEO Claudio Descalzi on Friday said that gas production in the Mamba oil field in northern Mozambique, should start by 2024 since Exxon is to take the final investment decision after the summer. “The Mamba project [which involves Portuguese oil company Galp] is managed by Exxon [consortium leader], we work on the upstream [oil…

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Cyclone damages Mozambique-Zimbabwe pipeline fuel control room

Mar 19, 2019

Cyclone Idai, which has left a trail of destruction in Zimbabwe, Mozambique and Malawi, damaged the Companhiado De Pipeline Mozambique-Zimbabwe (CPMZ) control room at Beira in Mozambique last week, affecting the pumping of fuel and natural gas to Feruka Oil Refinery in Mutare. Mozambique’s CPMZ controls the pipeline from Beira to Feruka in Mutare. Officials…

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Ugandan government seeks Shs847b for stake in oil pipeline

Mar 19, 2019

Government through the Uganda National Oil Company (Unoc) will require between Shs578b and Shs847b to finance its equity stake in the proposed East African Crude Oil Pipeline (EACOP). The exact financing structure is still being worked out but sources familiar with the matter told Daily Monitor that if the ongoing negotiations agree to-debt-to equity ratios…

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