Oil & Gas

Minister says Egypt to raise gas output by 400m cubic feet this week

Feb 6, 2019

Egypt plans to raise its natural gas output by 400 million cubic feet per day within three days, Petroleum Minister Tarek El Molla said on Tuesday, by increasing production at its Giza and Fayoum fields. Egypt’s output had risen to 6.6 billion cubic feet of gas per day after an increase in production from its…

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Total to announce offshore South Africa wildcat results shortly

Feb 6, 2019

French supermajor Total expects to announce the results of its Bruldpadda-1AX wildcat off South Africa within days. “The results should be announced in the next week or so,” said a well-placed source. If successful, the well could be a game changer for South Africa, opening up a new offshore play – dubbed Paddavissie – at…

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Anadarko announces Mozambique LNG SPA with Shell

Feb 5, 2019

Anadarko Petroleum has announced that Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Shell International Trading Middle East Ltd. (Shell). The SPA is for 2 million tonnes of LNG per annum (MTPA) for a term of 13 years.…

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South Sudan re-evaluates its petroleum industry as it partners AEC

Feb 5, 2019

South Sudan enters into an agreement with the African Energy Chamber to provide technical assistance to its petroleum sector in order to build an enabling environment for business and a world-class oil industry South Sudan’s Ministry of Petroleum has entered into a strategic partnership with the African Energy Chamber for a technical assistance cooperation agreement…

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EMEA lead contract award activity in oil & gas industry contracts in Q4 2018

Feb 5, 2019

Europe, the Middle East and Africa (EMEA) have recorded the most contracts with 487 contracts, representing around 43 per cent of the total awarded contracts in Q4 2018, according to GlobalData, a data and analytics company. The company’s latest report: ‘Quarterly Oil & Gas Industry Contracts Review’ revealed that in Q4 2018, the oil and…

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Poly GCL negotiates with Ethiopian firm over gas project

Feb 5, 2019

Poly GCL Petroleum Investment is negotiating with the Ethiopian Minerals, Petroleum and Bio Fuel Corporation on the government’s interest in the gas development project. The Chinese firm is in the process of developing the natural gas fields in the Ogaden Basin of Ethiopia’s Somali state. Currently, the Ethiopian government has a 15% stake in the…

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Anadarko announces Mozambique LNG SPA with Tokyo Gas and Centrica

Feb 5, 2019

Anadarko Petroleum has announced that Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with Tokyo Gas and Centrica LNG Company, a subsidiary of Centrica, for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship…

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South African petrol prices set to increase on Wednesday

Feb 4, 2019

Consumers will have to fork out more at the pumps as the price of petrol is set to increase by 7 cents a litre this week. The Department of Energy announced fuel hikes of 7 cents a litre for both grades of petrol 93 (ULP and LRP) and 95 (ULP and LRP). In its statement…

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Anadarko announces Mozambique LNG SPA with CNOOC

Feb 4, 2019

Anadarko Petroleum has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. (CNOOC). The SPA is for 1.5 million tonnes per annum (MTPA) for a term of 13…

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Political co-operation needed to build on Zohr success – Egyptian Minister

Feb 3, 2019

Political co-operation, as well as political stability, is needed to capitalise on the success of Zohr and transform the eastern Mediterranean into a gas energy hub, according to Tarek El Molla, Egypt’s Minister of Petroleum and Energy Resources. The Minister made the remarks during a ministerial panel session at BHGE’s Annual Meeting in Florence on…

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