Odfjell Drilling rig mobilized to South Africa under Total contract

Jul 2, 2020

Odfjell Drilling reports that, following the notice from 19 May 2020, the Deepsea Stavanger has started its mobilization to South Africa under the Total contract. Odfjell Drilling reported in May that, due to ongoing restrictions related to the coronavirus (COVID-19) pandemic, Odfjell Drilling and Total South Africa had agreed that the semi-submersible Deepsea Stavanger was…

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Gambian Minister proposes ECOWAS promote use of cooking gas

Jul 2, 2020

Fafa Sanyang, the minster of Petroleum and Energy during yesterday’s Africa Ministerial Roundtable Virtual Meeting jointly hosted by the International Energy Agency (IEA) and the Ministry of Petroleum and Energy of Senegal on the Impact of Covid-19 on Africa’s Energy Sector, proposed for ECOWAS member states to promote the use of liquid petroleum gas in…

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Angola resists pressure from OPEC to comply fully with oil cuts

Jul 2, 2020

Angola is resisting pressure by OPEC’s de-facto leader Saudi Arabia for a steeper oil output cut to comply fully with record supply curbs, OPEC and industry sources said. The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, have been cutting oil output since May by a record 9.7 million barrels per day…

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European travel bans are hurting the oil & gas sector’s ability to support Africa’s economic recovery – AEC

Jul 2, 2020

The continuation of travel restrictions and suspension of visas and travel between Africa and Europe is heavily restraining the oil & gas industry’s recovery efforts. Because of its international nature, the oil & gas sector relies on global value-chains and successful cooperation and movement of people, goods and services between foreign and local contractors. The…

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Sasol set to sell stakes in Mozambique pipeline

Jul 1, 2020

Sasol out of South Africa is expected to sell its stake in the 865-km ROMPCO natural gas pipeline running from its operations in the Pande and Temane onshore fields in Mozambique to Secunda in South Africa. The company is expecting bids through the end of the month. The sale is part of the company’s plan…

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Oil executives detained in Tanzania, accused of hoarding

Jul 1, 2020

Tanzanian authorities detained executives from three oil-marketing companies on Monday overnight on suspicion that they hoarded supplies to cause a shortage, according to the utilities regulator. The Tanzania Oil Marketing Association denied the allegations, saying the companies comply with fair competition rules that prohibit cartels, and that the shortage is because of the coronavirus pandemic.…

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Sonatrach and ENI ink MOUs for joint E&P activities in Algeria

Jul 1, 2020

Sonatrach Chairman and CEO Toufik Hakkar and ENI Chairman and CEO Claudio Descalzi met on July 1 in Algiers to discuss the progress of their partnership projects. During this meeting, the two parties signed a memorandum of understanding (MoU) to identify the possibilities of investing jointly in the exploration and production of hydrocarbons in Algeria…

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Margins start to favour lighter crude grades

Jul 1, 2020

Slow but steady draws to stocks of crude and refined products in several key markets plus a general uptick in road traffic is paving the way for the recovery of lighter oil grades, but U.S. competition remains stiff. Russia’s share of Europe oil market under threat as exports hit 20-year lows, as buyers shun high-priced…

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Fuel prices remain at June levels in Namibia

Jul 1, 2020

The mines and energy ministry says petrol and diesel prices will remain at their June levels for the month of July with the National Energy Fund absorbing the under recoveries on behalf of motorists. In a monthly release on fuel, senior public relations officer at the Ministry of Mines and Energy, Andreas Simon said the…

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Tower Resources provides update on financing for its farmout of the Thali PSC off Cameroon

Jun 30, 2020

Tower Resources has provided an update regarding the farm-out process in respect of its Thali production-sharing contract in Cameroon conducted through its wholly-owned subsidiary Tower Resources Cameroon. The binding Heads of Terms with OilLR Pty Ltd (the ‘HoT’), which was signed on 28 February 2020 and amended on 29 March 2020, is progressing towards completion.…

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