Oil & Gas

Flintstone Technology secures moorings system contract in Ghana for Tullow FPSO

May 7, 2019

Flintstone Technology has secured a substantial contract with MODEC for its in-line tensioning and pull through connection mooring system to be deployed off West Africa. The system will be used on Tullow Oil’s Kwame Nkrumah MV21 floating production storage and offloading (FPSO) vessel located on the Jubilee field off the coast of Ghana. The mooring…

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BHGE wins turbomachinery contract for BP’s Greater Tortue Ahmeyim FLNG development

May 7, 2019

BHGE (BHGE.com) to provide turbomachinery equipment for four FLNG compression trains for BP’s Greater Tortue Ahmeyim natural gas project; Award is second major contract for Greater Tortue development, expanding on BHGE’s contract for subsea production equipment; Floating LNG facility to provide circa 2.5 million tonnes of LNG per annum and represents the first stage of a…

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New Sonatrach boss wants to develop partnerships with foreign firms

May 6, 2019

Algeria’s state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment. Algeria, a member of the Organization of the Petroleum Exporting Countries and a major gas supplier to Europe, has struggled…

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Kenya cooking gas use rises to Sh15bn on logging ban

May 6, 2019

The extended ban on logging in government forests triggered a 42,000 tonne increase in cooking gas usage as imports rose to an all-time high of 240,484 tonnes valued at Sh15 billion. The 21 percent increase was further informed by the government’s decision to increase kerosene retail prices from Sh66.99 in 2017 to Sh90.06 last year…

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Kosmos set to sell down Mauritania-Senegal stakes

May 6, 2019

Oil and gas company Kosmos Energy Ltd said on Monday it has started a formal process to sell down its interest in the Mauritania-Senegal basin to around 10 percent and expects bids by the end of the summer. The company said in February it had discovered a “significant and valuable resource” in Mauritania and Senegal.…

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Ghana’s Parliamentary Minority calls on Govt to withdraw amended petroleum agreement on South Deepwater Tano Contract Area

May 6, 2019

The Minority in Parliament has called on President Nana Addo Dankwa Akufo-Addo to direct for the withdrawal of the amended Petroleum Agreement in relation to the South Deepwater Tano Contract Area which has been laid in Parliament awaiting approval. According to the caucus, the renegotiated deal is not in the interest of Ghana as the…

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South Sudan agrees oil exploration deal with South Africa

May 6, 2019

South Sudan and South Africa will sign a production sharing agreement for an untapped exploration block in the East African country, whose production has been hampered by civil war, South Sudan’s petroleum ministry said on Monday. The Exploration Production Sharing Agreement (EPSA) for Block B2 will be signed by Ezekiel Lol Gatkuoth, South Sudan’s Minister…

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Occidental to sell Anadarko’s African assets to Total for $8.8bn if it buys Anadarko

May 5, 2019

Occidental Petroleum Corp said on Sunday it entered a binding agreement to sell Anadarko Petroleum Corporation’s assets in Algeria, Ghana, Mozambique and South Africa to Total S.A for $8.8 bln if it succeeds in completing its proposal to acquire Anadarko. After the sale of these assets, Occidental said it expects to deliver $2 billion of…

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Africa to see continued oil & gas investment over next 5 years – Standard Bank

May 4, 2019

Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above US$ 60 a barrel, coupled with the continent’s rapidly expanding population, lure both major and independent oil producers to one of the world’s last remaining energy investment frontiers, says Standard Bank. A…

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Equinor begins solo LNG discussions with Tanzania’s Govt

May 4, 2019

A decision by Norway’s Equinor to embark on independent talks with Tanzanian authorities on a host government agreement designed to underpin a liquefied natural gas project is said to have raised hackles with Anglo-Dutch supermajor Shell. Equinor’s Block 2, where ExxonMobil is a partner, hosts 20 trillion cubic feet of gas, while Shell’s blocks 1…

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