Oil & Gas

TechnipFMC awarded large EPCIC contract for BP’s Greater Tortue Ahmeyim FPSO

Mar 1, 2019

TechnipFMC has been awarded by BP a large(1) contract for the engineering, procurement, construction, installation and commissioning (EPCIC) of the floating production storage and offloading (FPSO) unit to be deployed offshore on the maritime border of Mauritania and Senegal. This award is a continuation to the FEED (front end engineering design) contract awarded in April…

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Kosmos plans to farm down Mauritania/Senegal stakes

Feb 28, 2019

Kosmos Energy plans to farm down its holding in the Greater Tortue Ahmeyim development offshore Mauritania and Senegal. Kosmos, at its Capital Markets Day presentation, said it has had interest from multiple third parties. The company holds a 28% interest on the Mauritania side, a 30% interest on the Senegal side, and 29% in the…

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Tetra4 seals LNG supply deal with Black Knight Group for S. African market

Feb 28, 2019

Renergen, an integrated alternative and renewable energy business, has announced that its subsidiary, Tetra4, has secured an LNG supply deal with the distributor of fuel products, Black Knight Group. The transaction aims to fuel approximately one hundred trucks. The company added that the transaction would significantly reduce carbon emissions and operator costs, as well as…

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Libya’s El Sharara oilfield ready to resume production, awaits NOC approval

Feb 28, 2019

Workers at Libya’s El Sharara oilfield are ready to resume production with an initial output of 80,000 barrels a day but are still waiting approval from state oil firm NOC, a field engineer and trader said on Wednesday. An NOC spokesman could not be reached for comment. The 315,000 barrels a day-field has been closed…

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Sonangol says Angola’s oil output fell in 2018 due to ageing fields

Feb 27, 2019

Angola’s oil production fell to 1.478 million barrels per day (bpd) in 2018, from 1.632 million bpd the year before, due mainly to ageing oil fields, figures from state oil company Sonangol showed on Monday. Africa’s second-largest crude producer said late last year it was negotiating contracts for new exploration blocks to curb the steep…

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South African oil storage hub woos global traders with new million-barrel tanks

Feb 27, 2019

What started as a strategic oil storage for South Africa during apartheid is now gearing up to attract the biggest traders as it turns into a global center for crude. A venture building a dozen new interconnected tanks on Africa’s southern tip will add to neighboring government-owned capacity, making it one of the world’s biggest…

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Tullow needs water deal to move oil project forward in Kenya

Feb 27, 2019

A deal with local Kenyan authorities that would allow Tullow Oil to pump water to pressurise oil wells, crucial for a final green light for the country’s only oil project, may be slightly delayed to the third quarter, a Tullow executive said on Friday. Tullow, with partners Total and Africa Oil, is working towards a…

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Firms sign deal to sell 8.1 mtpa LNG from Mozambique block- ONGC

Feb 27, 2019

Indian explorer Oil and Natural Gas Corp on Tuesday said partners operating a massive offshore block in Mozambique’s Rovuma basin, called Area 1, have signed deals to sell 8.1 million tonnes per annum (mtpa) of liquefied natural gas (LNG) * Tokyo Gas and Centrica LNG Co Ltd, a subsidiary of Centrica Plc have jointly signed…

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Sidi R’cine Refinery inaugurated in Algeria

Feb 27, 2019

Algeria inaugurated the Baraki modernized Sidi R’cine oil refinery. Production from the Sidi R’cine refinery will cover the country’s petroleum needs for 18 states, over a third of Algeria’s 48 states. The rehabilitation and extension work on the pre-existing refinery had been awarded to French company, TechnipFMC in 2010, but in 2015 the contract was…

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Cameroonian Govt cracks down on illegal fuel trade

Feb 27, 2019

Cameroonian police officers, assisted by members of the country’s elite corps, seized hundreds of containers of fuel illegally transported from Nigeria by suspected Central African Republic rebels in the northern town of Mbe, Cameroon. Rigobert Ojong, a member of a task force of military, police and civil society members created three weeks ago to stop…

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