Cameroon authorises Victoria Oil & Gas’ acquisition of 75% interest in Matanda Block

Jan 2, 2019

Victoria Oil & Gas has announced that its wholly owned subsidiary Gaz du Cameroun (‘GDC’) has received the Decree signed by H.E President Paul Biya on December 17, 2018, authorising the transfer of interest in the Matanda Production Sharing Agreement (‘Matanda PSC’) licence assigned from Glencore in early 2016. Highlights GDC has now secured 75% ownership and is operator of the…

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Uganda revises oil and gas production date over delay on FID by investors

Jan 2, 2019

Uganda has revised its oil and gas volume projection downwards and pushed forward production timelines due to a delay by investors to make final investment decisions for both the pipeline and upstream project. A disparity over pipeline tariffs emerged during the host government agreement (HGA) negotiations between Uganda and joint venture partners Total E&P, Tullow…

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Mozambique’s debt-ridden govt still financing fuel stations

Jan 2, 2019

The Filipe Nyusi Nyusi-led government continues financing fuel stations in Mozambique to ensure availability of petrol, diesel, cooking gas and oil, Verdade reports. According to the report, “opening guarantees with the Banking Syndicate (BIM / BCI) to serve as collateral on fuel imports” has led to the accumulation of a debt of over U.S.$300 million.…

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Total spuds Brulpadda-1AX Well offshore South Africa – Africa Energy Corp.

Jan 1, 2019

Africa Energy Corp. (AFE) (nasdaq first north:AEC) (“Africa Energy” or the “Company”), an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce spud of the Brulpadda-1AX re-entry well on Block 11B/12B offshore South Africa. Africa Energy holds a 4.9% effective interest in Block 11B/12B. View PDF version. Garrett…

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AAOG announces positive operational update from Tilapia drill off Congo

Jan 1, 2019

Anglo African Oil & Gas plc, an independent oil and gas developer, is pleased to announce that the TLP-103C well (‘the Well’) at its Tilapia licence in the Republic of the Congo intersected the Mengo horizon during the late afternoon of 24 December 2018 and that hydrocarbons were encountered. The Mengo is the second of…

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Ophir awaits EG Ministry’s response over Fortuna block extension

Jan 1, 2019

Ophir announces that it is still awaiting a response from the Equatorial Guinea Ministry of Mines and Hydrocarbons (‘MMH’) with regards to its request for an extension of the Block R licence. We continue to engage with the MMH as well as potential investors in the Fortuna Development. We expect to receive further communication from…

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Chinese demand for West African crude subdued

Dec 31, 2018

Spot activity was subdued due to the Christmas holiday period, particularly from Chinese refiners, while fresh offers were scarce. Traders said that Chinese buying had peaked during the previous two loading programmes – December and January – to prepare for the impact of U.S. sanctions on Iran and ahead of the Chinese New Year in…

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Exxon says Area 4 co-venture parties have secured offtake commitments for Rovuma LNG project

Dec 31, 2018

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project. Area 4 participants are ExxonMobil, Eni, China National Petroleum Corporation (CNPC),…

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Zimbabwean filling stations warned against fuel hoarding

Dec 27, 2018

The Zimbabwean Government has instituted random checks on fuel stations across the country as it moves to curb hoarding. Energy and Power Development Minister Dr Joram Gumbo said in an interview that the police and Zimbabwe Energy Regulatory Authority (ZERA) officials had been deployed across the country and fuel traders and stations found withholding fuel…

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Daewoo Shipbuilding, Sonangol end drillship dispute

Dec 27, 2018

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has reportedly resolved its differences with Angola’s Sonangol and made plans to deliver two drillships next year, which will end a longstanding dispute over a delay in the delivery. Back in 2013 Daewoo secured an order from Sonangol to build two drillships and scheduled the delivery…

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