Oil & Gas

$50m facility to ease Zimbabwe fuel shortages

May 13, 2019

The fuel situation has started to improve and is expected to get better in the next few weeks as the country’s top four fuel companies started picking up fuel from the Msasa depot yesterday. This follows the intervention by Government through availing Letters of Credit (LCs) worth over US$50 million to Engen Petroleum, Total Zimbabwe,…

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Kenya’s red tape blamed for delay in oil production plan

May 13, 2019

Kenya’s plan to start producing oil could be thrown into a spin, if one of the joint partners makes good their threat to pull out over incessant delays caused by government ‘bureaucracy’. The partner — under the Kenya Joint Venture (KJV), which comprises the government, Tullow Oil Plc, Total SA and Africa Oil Corporation —…

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Tullow decries oil project delays in Uganda

May 13, 2019

Delays by governments in granting approval to oil projects risks eroding the value of Kenya’s and Uganda’s commercial crude oil discoveries, Tullow Oil has warned. The firm’s executive vice-president for East Africa Mark MacFarlane, said benefits do not start with crude output, “and further delays will affect the country and communities.” Tullow Oil Plc has…

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“Angola needs more oil exploration, including in marginal fields to stem decline in production” – AEC

May 13, 2019

There’s so much excitement about where Angola’s energy sector is headed. Sergio Pugliese, a successful entrepreneur and oil executive, is really hyped and enthused about recent developments and future direction of his country’s energy sector. Angola is ranked second largest oil producing country in Sub-Saharan Africa and an OPEC member with an output of approximately…

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Anadarko to announce FID for Mozambique LNG project in June

May 10, 2019

Following a meeting Tuesday, the President of Mozambique His Excellency Filipe Nyusi and Anadarko Petroleum Chairman and CEO Al Walker announced plans for Mozambique LNG to make an important announcement during a celebratory event on June 18, 2019 in Maputo. It was also noted that all issues under negotiation between the Government of Mozambique and Anadarko have been satisfactorily…

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Anadarko agrees to be acquired by Occidental, terminates merger agreement with Chevron

May 10, 2019

Anadarko Petroleum Corporation (NYSE: APC) today announced that it has entered into a definitive merger agreement with Occidental Petroleum Corporation under which Occidental will acquire all of the outstanding shares of Anadarko for consideration consisting of $59.00 in cash and 0.2934 of a share of Occidental common stock per share of Anadarko common stock. Anadarko…

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KBR secures more Greater Tortue Ahmeyim work

May 10, 2019

KBR, Inc. (NYSE: KBR) announced today that BP has awarded KBR’s UK operating subsidiary the Engineering, Procurement and Construction Management (EPCM) contract to provide Facilities Integration and Terminal Quarters and Utilities (QU) Management for the Hub/Terminal of BP’s Greater Tortue Ahmeyim Project, located at the maritime border of Senegal and Mauritania. KBR will manage the…

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Licensing for 5 Ugandan oil blocks begins

May 10, 2019

Energy Minister Irene Muloni yesterday flagged off the second licensing round for five oil blocks in the Albertine Graben for further exploration. The new round, officials said, is expected to increase the current oil stock, which stands at 6.5b barrels. The blocks include Avivi measuring about 1,268km2 in Arua: Omuka (750km2 in Nebbi): Kasuruban (1,285km2…

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Mazarine Energy, ETAP discover oil in Tunisia

May 10, 2019

During a production test, SMG-1 well flowed, constrained by surface facilities, at a rate of over 2,000 barrels of oil per day and 5 million cubic feet of natural gas per day. Mazarine Energy is the operator of the Zaafrane permit, with ETAP as partner. The well was drilled by CTF (Compagnie Tunisienne de Forage)…

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Anadarko promises to resume operations in Afungi, Mozambique

May 9, 2019

Following a meeting Tuesday, the President of Mozambique His Excellency Filipe Nyusi and Anadarko Petroleum Corporation Chairman and CEO Al Walker announced plans for Mozambique LNG to make an important announcement during a celebratory event on June 18, 2019 in Maputo. It was also noted that all issues under negotiation between the Government of Mozambique…

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