Oil & Gas

BP contracts FLNG vessel from Golar LNG for long-term service at Tortue Ahmeyim project

Feb 27, 2019

Golar LNG Limited (“Golar” or “the Company”) (NASDAQ: GLNG) announces today that Gimi MS Corporation (“Gimi MS”), a newly incorporated subsidiary of the Company, has entered into a 20-year Lease and Operate Agreement (“LOA”) with BP for the charter of an FLNG unit, Gimi, to service the Greater Tortue Ahmeyim project. Expected to commence production…

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Luanda refinery increases production of petrol

Feb 26, 2019

The Luanda Refinery will increase gasoline output to 1,200 tons by the end of 2021, against the 300 tons currently produced, Sonaref chairperson Joaquim de Sousa Fernandes said Monday. This increase is foreseen in a joint project between the National Fuel Company of Angola – Sonangol, E.P and the Italian oil company ENI, which aims…

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Ugandan President, Tullow boss agree deal on capital gains tax

Feb 26, 2019

Tullow is set to sell a substantial part of its assets in Uganda to Total E&P Uganda and CNOOC Uganda – a farm-down that attracts capital gains tax. President Yoweri Museveni and the Chief Executive Officer (CEO) of Tullow Oil plc have agreed a deal that will enable oil company enjoy a phased payment of…

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Zimbabwe’s fuel crisis deepens as Minister claims otherwise

Feb 26, 2019

Hundreds of people were left stranded late Monday after a sudden shortage of fuel with public transport operators hiking fares. Reports of people walking on foot to areas like Glen Norah and Mabvuku emerged as commuter omnibus operators took their vehicles to fuel queues. “Fares have gone up. It would have been better if they…

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Namibia’s Walvis Bay Harbour handles 1st consignment of petroleum coke en route to Zambia

Feb 26, 2019

The first time ever that a large consignment of petroleum coke was offloaded in the Walvis Bay harbour, happened over the weekend. The Namibian Ports Authority said on Monday it has offloaded 37,000 tonnes of so-called petroleum coke, sourced in the United States, and destined for a client in Zambia. After offloading in bulk, it…

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Angola defines new strategy for oil concession awards

Feb 26, 2019

In Angola the president, João Lourenço, approved the “General Strategy for the Awarding of Petroleum Concessions” for the 2019-2025 period by means of Presidential Decree No. 52/19. This General Strategy is aimed at increasing Angola’s oil and gas production and ensuring the replacement of reserves in order to overcome the recent production decline. The awarding…

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Local Ugandan insurers seek partners to deal with oil-related risks

Feb 25, 2019

The Insurance Consortium for Oil & Gas, Uganda, a club of companies underwriting risks in the oil and gas sector, has said partnership with international insurers and reinsurers must be established to co-manage risks in Uganda’s oil industry. Speaking during a training for insurers in Kampala last week, Mr Maurice Amogola, the chief executive officer…

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Sharara oil field won’t restart until militia leaves – National Oil Corp. boss

Feb 25, 2019

Libya’s state-run National Oil Corp. refused to restart the country’s biggest field after militants seized and declared it secure earlier this month. The standoff over Sharara, which can pump about 300,000 barrels of crude a day, is entering its third month. NOC won’t resume production while armed groups are there, the company’s chairman Mustafa Sanalla…

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Anadarko Mozambique attacked

Feb 25, 2019

Unidentified gunmen attacked an Anadarko Petroleum convoy near its liquefied natural gas project in northern Mozambique, the first targeting an energy company since an insurgency by suspected Islamist militants began 16 months ago. At least four people were injured in the raid, the company said in an emailed statement. About 15 gunmen dressed in black…

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Kosmos looks to sell some interest in Tortue Ahmeyim project

Feb 25, 2019

Oil and gas company Kosmos Energy is planning to sell a portion of its interest in the large Tortue Ahmeyim gas field in West Africa where a final investment decision was recently made. Kosmos, which discovered the Greater Tortue Ahmeyim field in 2015, is now a partner in the cross-border development located offshore Mauritania and…

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