Oil & Gas

Kosmos taps Maersk drillship for Equatorial Guinea job

Aug 16, 2019

A Maersk Drilling-owned drillship has been hired by Kosmos Energy to drill an exploration well offshore Equatorial Guinea. The drilling contractor said through its social media channels on Friday that its drillship Maersk Voyager had been signed by Kosmos Energy to drill the S-5 exploration well offshore Equatorial Guinea. According to Maersk Drilling, the contract…

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Ghanaian Govt rakes in $434.5m as petroleum revenues in H1 2019

Aug 16, 2019

The Bank of Ghana has revealed that the government made an amount of US$434.5 million from oil sale from its three oil fields as well as in other fees and taxes. The central bank in its publication of the first-half performance of the Ghana Petroleum Funds revealed that oil sale from Tweneboa, Enyenra, Ntomme, Jubilee…

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TransGlobe sees production rise in Egypt

Aug 16, 2019

TransGlobe Energy Corporation (“TransGlobe” or the “Company”) is pleased to announce its financial and operating results for the three and six months ended June 30, 2019.  All dollar values are expressed in United States dollars unless otherwise stated.  TransGlobe’s Condensed Consolidated Interim Financial Statements together with the notes related thereto, as well as TransGlobe’s Management’s…

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Angola set to offer 10 frontier offshore blocks in new license round

Aug 16, 2019

IHS Markit has been selected by the National Agency of Petroleum, Gas and Biofuels of Angola (ANPG), to facilitate its upcoming hydrocarbon licensing round presentations in Luanda, Houston, London and Dubai during September. IHS Markit last hosted previous hydrocarbon round promotions for Angola in 2005, and 2007-2008, which led to the largest signing bonuses on…

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Kenya’s petrol, diesel prices drop in latest reviews

Aug 15, 2019

The prices of super petrol and diesel have decreased by Sh2.86 and Sh3.28 per litre respectively in the latest review by the Energy and Petroleum Regulatory Authority. In a statement on Wednesday, the authority’s Director-General Robert Oimeke also announced that the price of kerosene had increased by Sh1.98 per litre. THE PRICES Following the adjustments,…

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Nigerian, Moroccan state oil firms present mega pipeline to ECOWAS

Aug 15, 2019

The National Office for Hydrocarbons and Mining (ONHYM) and the Nigerian National Petroleum Corporation (NPPC) shared aspects of the progress of the Morocco-Nigeria gas pipeline project with the Commission of the Economic Community of West African States (ECOWAS). NPPC hosted the meeting on Wednesday, August 7, in Abuja. The meeting was an opportunity for Morocco and…

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Algeria’s Sonatrach awards contract for polypropylene facility

Aug 15, 2019

Lyondell Basell announced that Sonatrach Total Entreprise Polymères Spa (Step), a joint venture between Sonatrach and Total, will use the Spheripol technology for a 550 KTA polypropylene unit to be constructed in Arzew, Oran province, Algeria. Rotterdam/The Netherlands — Spheripol is the PP process technology from Lyondell Basell. Step has chosen this technology for its new…

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U.S. mulls LNG opportunities in Africa

Aug 15, 2019

The US Department of Energy is looking towards Africa to develop opportunities in the exploration, production and monetisation of Liquefied Natural Gas. The promotion of gas as a “cleaner, cheaper” energy source remains a priority for the US government, according to a statement by the organisers of Africa Oil Week. The US Energy Secretary, Rick…

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Serinus ramps up operations in Tunisia following hiatus

Aug 15, 2019

UK-listed Serinus Energy is ramping up operations in Tunisia after a long hiatus due to years of social and political upheaval. Serinus started the re-opening of the Chouech Es Saida field in the southern part of the country, by re-hiring employees, clearing roads, inspecting down hole equipment and consumable inventories, as well as tendering for…

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Sale of petrol in plastic bottles banned in Ugandan district

Aug 14, 2019

Authorities in Namutumba District have banned the sale of petrol in plastic bottles citing ‘risk factors’. This fuel sold on the black market is reportedly stolen from fuel tanks that break down on highways. According to authorities, the ban takes immediate effect and a harsh penalty awaits the offenders. This follows media reports from the…

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