AAOG announces production plan for the TLP-103C well at Tilapia site in Rep. of Congo

Feb 13, 2019

Anglo African Oil & Gas has provided details of its plan to bring the TLP-103C well at its Tilapia licence in the Republic of the Congo into production. Highlights: TLP-103C to produce from the upper reservoirs by comingling production from R2 and the Mengo, following a double completion including a one-off frack of the Mengo…

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Shell, Eni, BP and Exxon among winners in Egypt’s oil and gas exploration tender

Feb 13, 2019

Royal Dutch Shell, Eni, BP and Exxon Mobil were among the winners in one of Egypt’s largest ever oil and gas exploration tenders on Tuesday, as the country looks to sustain an investment upswing spurred by major discoveries. The awards marked Exxon Mobil’s entry into gas exploration in Egypt, while Shell was handed the most…

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Zimbabwean minister says fuel delivered but no forex to pay for it

Feb 13, 2019

ZIMBABWE is sitting on large stocks of bonded fuel but is too broke to buy the product and alleviate the current shortages, Energy Minister Jorum Gumbo has confirmed. The minister, who recently said the country had over two years supply of fuel at its depots, was speaking to members of the media at his Harare…

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Sonangol replaced as national concessionaire in Angola

Feb 13, 2019

The moves by the Angolan government to replace state-run oil and gas firm Sonangol as the country’s concessionaire have borne fruit. As part of the country’s ongoing petroleum sector reform, President João Lourenco, created, by means of Presidential Decree 49/19, of February 6, 2019, the National Petroleum, Gas and Biofuels Agency (Agência Nacional de Petróleo,…

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Egypt creates incentives to attract more oil and gas investments

Feb 12, 2019

Egypt is finalizing details of a new type of oil and gas contract to attract even more foreign investment than the $10 billion already coming into its energy industry this year. The contract will provide investors with incentives to explore for fossil fuels in undeveloped areas, Egypt’s oil minister Tarek El-Molla said in an interview.…

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Total extends deal for drillship off Angola for another 3 years +

Feb 12, 2019

Total is holding onto a Transocean ultra-deepwater drillship in Angola for more than another three years, with Eni also taking a unit from the rig owner there. French supermajor Total had already committed to the Ocean Rig Skyros until the second quarter of 2021 when it was owned by Ocean Rig, which has been taken…

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Aminex raises funds to accelerate development in Tanzania

Feb 12, 2019

Aminex plans to accelerate work on its Kiliwani North Development License and Nyuni Area PSA in Tanzania. The board decided to seek funds for this acceleration in work to take advantage of depressed market conditions in the service industry. The company raised approximately £1.85 million (approximately $2.40 million) before expenses through the issue of 127,226,781…

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Gambia’s PURA suspends operational licence of 11 petrol stations

Feb 12, 2019

The Public Utilities Regulatory Authority (PURA), on Friday February 8th 2019, suspended eleven petrol stations, following their failure to regularize their license status. This development was disclosed at a Press briefing at the Authority’s main office along Kairaba Avenue. Ansumana Sanneh, the Director General of PURA, stressed that the decision was reached following the failure…

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Afreximbank prepared to help Zimbabwe tackle fuel shortages

Feb 12, 2019

The African Export-Import Bank(Afreximbank) stands ready to provide all necessary support to aid Zimbabwe in tackling its fuel shortage. This was said by the president and chairman of the bank’s board of Directors Dr. Benedict Okey Oramah on the sidelines of the 32nd African Union summit on Sunday. “We have to operate within the country…

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South Sudan to return to pre-war oil output levels by mid-2020 – Minister

Feb 12, 2019

South Sudan will return to producing more than 350,000 barrels of crude per day by the middle of 2020, up from current levels of just over 140,000 barrels per day (bpd) currently, the country’s oil minister said on Sunday. Production is expected to rise to 270,000 bpd by the end of 2019, Oil Minister Ezekiel…

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