Oil & Gas

Mozambique Government reduces fuel prices

Aug 22, 2019

The Mozambican government has cut the price of liquid fuels by between 0.9 and 3.2 per cent, with the new prices taking effect as from Thursday, according to a Wednesday press release from the Ministry of Mineral Resources and Energy. The largest price reduction is for LPG cooking gas, which falls from 63.26 to 61.23…

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Zohr gas production reaches 2.7bcfd – Eni

Aug 22, 2019

Eni has announced that the production from the Zohr field has now reached more than 2.7 billion cubic feet per day (bcfd), about 5 months ahead of the Plan of Development (PoD). This remarkable result has been achieved following the completion of all eight onshore treatment production units – the last one commissioned in April 2019 – and all…

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Libya’s NOC completes offshore El Bouri maintenance works

Aug 22, 2019

Libya’s National Oil Corporation (NOC) chairman Mustafa Sanalla visited the offshore El Bouri oil field yesterday, meeting facilities staff while inspecting operations and recently completed maintenance works. The field, situated in Libyan waters approximately 120 kilometres north-west of Tripoli and operated by NOC subsidiary Mellitah Oil and Gas Company (MOG), produces 30,000 barrels of oil…

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African LNG to attract $103bn in 2019

Aug 22, 2019

Africa is an exciting frontier in the global natural gas sector. The continent holds 7.1 percent of proven global gas reserves (http://bit.ly/2KKgTgQ) and is expected to contribute nearly 10 percent of global production growth through to 2024 (http://bit.ly/30murnZ). On the demand side, Africa’s large, urbanized and industrialized societies of the future will require reliable and…

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Zanzibar prepares for 2020 oil & gas bid round

Aug 21, 2019

Seventeen years after Shell landed the right to negotiate production sharing contracts for three deep-water blocks off Tanzania’s Spice Islands of Pemba and Zanzibar, authorities are finally moving to open up the play after a decade of gridlocked talks over regional autonomy. The Revolutionary Government of Zanzibar, a semi-autonomous region of Tanzania, has announced a…

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Solo Oil complets 2D seismic lines reprocessing in Tanzania

Aug 21, 2019

Solo Oil, a natural resources investment company focused on acquiring a balanced portfolio of production, development and exploration assets, notes the RNS released by Aminex this morning, in which it includes the following update regarding Kiliwani North: “The reprocessing of the select 2D seismic lines over the Kiliwani North Development Licence acreage is complete with…

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Speculation arises over Somalia’s plot to auction oil blocks

Aug 21, 2019

The maritime border dispute between Kenya and Somalia now under arbitration at the International Court of Justice (ICJ) is likely to get murkier as details emerge that Somalia has scheduled to auction oil blocks within the contested sea territory in December, even before the ICJ delivers judgment on the matter in the first week of…

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Angolan crude differentials set to rise

Aug 21, 2019

Angolan differentials are set to improve amid improved demand for heavy sweet crude, traders said. State oil company Sonangol was finalizing its term allocations a day after preliminary programmes for October showed a small drop in exports. Prices had recovered by close to a dollar for September loading cargoes after a difficult three months brought…

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Uganda’s 2nd oil & gas licensing round to attract international investment

Aug 20, 2019

Uganda has announced its second licensing round in 2019 to cover five blocks in the highly prospective Albertine Graben to increase international investment into the country’s oil-rich energy sector. The second licensing round has been made at an important time for Uganda and the region, as the country has moved steadily towards first oil, and…

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South Sudan discovers new oil in Adar; plans production by Q4 2019

Aug 20, 2019

South Sudan has made a new crude find in the northern oilfields of Adar and plans production by the end of the year, Information Minister Michael Makuei Lueth said. The oil will be linked to the nearby Paloch oilfields that are managed by Dar Petroleum Operating Co., Lueth said Monday by phone from the capital,…

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