Oil & Gas

PetroSA says gas reserves maybe insufficient for the Mossel Bay GTL refinery by 2020

Sep 15, 2019

In South Africa, the state-owned oil and gas company (Petro SA) warned parliament that national gas reserves would no longer be sufficient to supply its gas-to-liquid refinery (GTL) ) by Mossel Bay by the end of next year. “The reserves are about to run out by December 2020, and there is still no long-term sustainable…

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Ghana’s Energy Ministry begins negotiations with oil block winners

Sep 15, 2019

Government of Ghana, through the Ministry of Energy, has begun negotiations with the two companies that recently won blocks GH_WB_02 and GH_WB_03 located in the Deep water Cape Three Points in the Western Basin. First Exploration and Petroleum Development Company, in partnership with Elandel Energy (Ghana), won block GH_WB_02 while ENI Ghana Exploration and Production…

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Egypt, Cyprus look to boost security in their joint oil and gas exploration area

Sep 15, 2019

On Wednesday, Cypriot Defense Minister Savvas Angelides received in audience his Egyptian counterpart, General Mohamed Ahmed Zaki, for an information-sharing and project-building session to reinforce the security around their common exclusive economic zone. A meeting that preceded a tête-à-tête between the Egyptian leader and Cypriot President Nicos Anastasiades. Both countries have oil and gas production…

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Angola regulatory reform targets revival of oil and gas market

Sep 13, 2019

President João Lourenço has made it a priority to revive Angola’s oil and gas sector through regulatory reform and changes to the tax framework, which have encouraged international oil companies to take a fresh look at the country. Angola, an Organisation of the Petroleum Exporting Countries (OPEC) member, produces approximately 1.37 million barrels of oil…

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ION announces 2D multi client program off West Africa

Sep 13, 2019

ION Geophysical has announced a new 2D multi-client program offshore West Africa.  The industry-supported NamibeSPAN program covers the underexplored Namibe basin offshore southern Angola.  The dataset integrates ION BasinSPAN programs in the area, forming a contiguous regional exploration framework in excess of 65,000 km along the West African coast.  The program is the conjugate tie with offshore Brazil.  The extension of the…

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Sterling Energy granted extension on Somaliland PSA

Sep 13, 2019

Sterling Energy has announced that the Government of the Republic of Somaliland has granted a continued extension to the current period of the Odewayne Production Sharing Agreement (‘PSA’). The expiry dates of the relevant exploration periods under the PSA shall now be: Third Period: 2 November 2020; Fourth Period (optional): 2 May 2022; Fifth Period (optional): 2…

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Libya’s NOC and U.S. firm D & M work towards development of undeveloped oil and gas fields

Sep 12, 2019

On Tuesday, the Libyan state-owned oil company (NOC), its subsidiary Zallaf and De Golyer and MacNaughton (D & M), a major US oil consultancy firm, began talks to develop plans to implement value of discovered and undeveloped fields. This initiative is part of Libya’s goal to boost its oil supply in the coming years. The project…

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Oil spill occurs in Red Sea near Port Sudan

Sep 12, 2019

The Red Sea coast off Hoshiri near the port of Port Sudan witnessed an oil spill for the fourth time. Journalist Osman Hashim told Radio Dabanga that the oil spread to large areas. Fishermen and environmental experts warned of the consequences of the oil spills in the Red Sea, pointing at the negative effects on…

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Egypt expects first Israeli gas by Q4 2019 – Oil Minister

Sep 12, 2019

Egypt expects to begin receiving natural gas from Israel by the end of 2019, the oil minister said, fulfilling a $15 billion deal that will position the North African country as an energy re-export hub on Europe’s doorstep. Egypt will initially receive about 200 million standard cubic feet per day of the gas, with supplies…

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Malawi energy regulator maintains fuel, electricity prices

Sep 12, 2019

The Malawi Energy Regulatory Authority (MERA) has maintained fuel prices despite an increase in the landing cost of the petrol, diesel and paraffin by 11.70 percent, 7.30 percent and 4.64 percent, respectively. A statement on the review of prices of petrol, diesel and paraffin in the month of September, 2019 issued on Tuesday signed by…

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