Oil & Gas

Anadarko dedicates $200m to Mozambique LNG project

Nov 19, 2018

US independent Anadarko Petroleum aims to spend about $200 million on its planned Mozambique liquefied natural gas (LNG) export project in 2019 as it is looking to make a final investment decision. Anadarko said on Thursday revealing the company’s 2019 capital investment that the investment will be allocated toward Anadarko’s portion of the costs associated…

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Anadarko allegedly ties Shell’s hands in Mozambique

Nov 18, 2018

Anadarko Petroleum is being accused of tying the Mozambican government’s hands and by extension Shell’s too, by refusing to supply enough domestic gas in the first phase of the planned LNG project. Shell says the US independent’s refusal to commit more gas supplies to the domestic market hinder its plans to build a 38,000 bpdGTL…

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Angola joins as observer member of the Gas Exporting Countries Forum

Nov 15, 2018

The 20th Ministerial Meeting of the Gas Exporting Countries Forum (GECF), which coincided with the 10th Anniversary of the Forum, convened in Port of Spain, Trinidad and Tobago, on Wednesday November 14, 2018, under the Chairmanship of His Excellency Senator the Honourable Franklin Khan, Minister of Energy and Energy Industries of Trinidad and Tobago, and…

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Ghanaian local content in oil sector growing rapidly – Minister

Nov 15, 2018

Local content in Ghana is growing by leaps and bounds in the petroleum sector. According to the country’s energy minister, John Peter Amewu, over 600 indigenous companies have been awarded various contracts to provide services in the sector. Amewu was addressing the opening session of the 4th Africa Oil Governance Summit organized by the Africa…

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ESIA for Uganda-Tanzania pipeline nears completion

Nov 15, 2018

The Environmental Social Impact Assessment report for the East Africa Crude Oil Pipeline is in the final stages and will be completed by next month. The pipeline will take Ugandan crude from the Lake Albert region to the Port of Tanga on the Tanzanian coast. The completion and approval of the report will give the…

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BP plans to spend over $1bn in Egypt in 2019

Nov 15, 2018

BP is planning to spend more than a billion dollars on its assets in Egypt in the coming year. According to Bob Dudley, BP chief executive, the company will spend $1.8 billion in Egypt and an additional $1 billion annually in Abu Dhabi on new discoveries and licensing rounds as it looks to expand its…

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Air Products signs 2 new agreements with Sonatrach

Nov 15, 2018

Air Products (NYSE:APD), a leading global industrial gas company, and Sonatrach, the largest state-owned oil and gas company in Africa, have signed two gas production and delivery agreements. Conducted through both companies’ joint venture (JV), HELIOS, the deals have a combined value of US $100 million. Through the deal, Sonatrach will recover helium from two…

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Sudan expects bidding round to develop oil and gas blocks in Q3 2019

Nov 14, 2018

Sudan’s oil minister said on Tuesday he expects a bidding round to attract energy companies to develop oil and gas blocks to take place in the third quarter of 2019. “I really expect a lot of companies to come, particularly now since we are working … on the second phase of discussions with the United…

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Libya looks to relocate Swiss refinery

Nov 14, 2018

Libya’s state-run firm, NOC, wants to relocate its Collombey refinery into the southern portion of the country. With the events of the past seven or so years, it is often forgotten that the state-run firm held assets outside of the country, but NOC is the owner of the Collombey refinery in Switzerland. According to a…

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Africa Oil announces Q3 2018 financial and operating results

Nov 14, 2018

Africa Oil Corp. (“Africa Oil” or the “Company”) is pleased to announce its financial and operating results for the three and nine months ended September 30, 2018. View PDF version HIGHLIGHTS: The Company ended Q3 2018 with cash of $380.1 million and working capital of $371.5 million; Cash increased by $10.6 million during Q3 2018, primarily due to receiving the third $18.75 million quarterly advance…

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