Oil & Gas

Panoro Energy announces first post-acquisition crude oil lifting from Tunisia

Mar 19, 2019

Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to provide an update on lifting operations in Tunisia. The first cargo of approximately 151,000 barrels of Rhemoura blend crude oil has been lifted from La Skhirra Terminal in Tunisia on 6 March 2019. The lifting operations were completed successfully and without…

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Libya’s NOC sees further oil output gain with hope of BP pumping soon

Mar 19, 2019

Libya boosted crude production by a third after restarting its biggest field, and its top oil official sees further gains when companies like BP Plc invest and start pumping oil in the politically divided OPEC nation. The Sharara field in southern Libya is currently pumping 260,000 bopd, and the state-run National Oil Corp. is working…

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Zimbabwe miners’ body applies for fuel import licence

Mar 18, 2019

The Zimbabwe Miners’ Federation (ZMF) has applied for a licence to import fuel for its members. In an interview last week, ZMF chairman Mr Makumba Nyenje said the move will ease pressure on service stations which have been battling to supply fuel. “We have applied for the licence because miners have been facing challenges due…

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Tlou Energy gives update on the Lesedi CBM project, Botswana

Mar 18, 2019

Tlou Energy, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (‘CBM’) has provided an update on the status of field operations at the Lesedi CBM Project in Botswana. Highlights The two development pods (comprising three wells in each pod) have…

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Fresh row emerges over Kenya’s Turkana oilfields

Mar 18, 2019

Just nine months after Turkana County and the national government struck a deal over sharing of oil revenue, a fresh war has erupted that threatens to derail progress. At the centre of the row is a new government plan to acquire 66,634 acres of community land for the oil and Lamu Port-South Sudan-Ethiopia Transport (Lapsset)…

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Petrofac awarded $1bn EPC project in Algeria

Mar 17, 2019

Petrofac has been awarded a contract worth around US$1 billion with Groupment Isarene, the joint operating group set up by Sonatrach, Petroceltic and Enel, for the Ain Tsila Development Project in Algeria. Located around 1,100 km southeast of Algiers, the Ain Tsila field will produce gas, LPG and Condensate, for the local Algerian market and…

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Sonatrach awards WorleyParsons a framework agreement in Algeria

Mar 17, 2019

WorleyParsons has signed a five-year framework agreement with Sonatrach in Algeria. Under the agreement, WorleyParsons will provide project management services to support Sonatrach’s plans to develop its oil and gas production capacity over the next five years across a number of key projects. Sonatrach is Algeria’s national oil and gas company and is regarded as…

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Uganda-Tanzania oil pipeline set to wait for a while

Mar 17, 2019

Uganda, Tanzania and their partners in the East African Crude Oil Pipeline are yet to agree on provisions of the host government agreement, shareholder agreements and transportation tariffs. This has given room for speculation that the parties are under pressure to reach a final investment decision (FID). Just this January, Total E & P chief…

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Algeria’s Sonatrach to launch offshore drilling campaign

Mar 16, 2019

Algeria’s state-owned oil and gas company will launch offshore drilling with France’s Total and Italy’s ENI on the eastern coast between Bejaia and Skikda for the first time in its history. According to Sonatrach’s Director for New Resources, Youcef Khankar, the campaign will begin in the second half of the year, with 2D and 3D…

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Libya’s RASCO to restart petchem plant by mid-April

Mar 16, 2019

Libya’s Ras Lanuf Oil and Gas Processing Company (RASCO) continued its progress towards a scheduled mid-April opening date for its polyethylene plant. RASCO, a subsidiary of Libya’s state National Oil Corporation (NOC), announced that it had successfully replaced a flaring incinerator yesterday, in preparation for the reopening of its polyethylene plant. It will be recalled…

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