Oil & Gas

Africans say their need for oil funds outweighs climate concerns

Nov 11, 2019

A handful of protesters on the ground floor of the cavernous Cape Town International Convention Centre spread fake oil on the ground and chanted, demanding an end to fossil fuels. Two floors above, the hundreds of delegates at Africa Oil Week were largely unaware – and mostly unmoved – by the display. “Under no circumstances…

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Genel Energy increases interest in onshore Somaliland SL10B13 block

Nov 11, 2019

Genel Energy has announced that it has increased its stake in the SL10B13 block, onshore Somaliland, to 100 percent, having acquired East Africa Resource Group’s 25 percent stake. As previously announced, a farm-out process relating to the block is now underway, with Stellar Energy Advisors appointed to run the process. Interpretation of the 2018 2D…

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ENH, Indonesian partner set sights on Mozambique onshore drilling

Nov 10, 2019

Mozambique’s state oil company ENH and its Indonesian partner Energi Mega Persada (EMP) are progressing plans to explore the onshore Buzi block in the country’s restive Sofala province. In addition, ENH is close to securing a farm-in partner to help explore its Mazenga block in Inhambane province, north of Maputo. On Buzi, ENH chief executive…

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Tullow looks for Kenya farmdown in 2020

Nov 9, 2019

Tullow Oil will turn its attention to farming down its stake in the South Lokichar basin onshore Kenya in the first half of next year, as the company remains on course for a long-awaited project sanction within the next year. The Anglo-Irish independent is aiming to farm down a portion of its 50% stake in…

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Zimbabwe and Mozambique in fuel talks

Nov 9, 2019

President Mnangagwa met with a special envoy from Mozambique President Filipe Nyusi to discuss increasing volumes of fuel pumped through the pipeline from Beira to Msasa in Harare. Speaking soon after meeting with President Mnangagwa today, Carlos Mesquita , who is also Mozambique’s Minister of Transport and Communication, said he had been sent by President…

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South Africa’s Energy Minister makes urgent case for gas investments

Nov 9, 2019

South African Minister of Mineral Resources and Energy Gwede Mantashe has urged investors to invest in and help develop South Africa’s gas industry. Addressing delegates on the opening day of Africa Oil Week in Cape Town today, Mantashe referred to South Africa’s Integrated Resource Plan recently approved by Cabinet and flagged its provision for gas-to-power…

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Senegal adds disputed offshore block to its licensing round

Nov 9, 2019

Senegalese authorities have included the disputed Senegal Offshore Sud Profond (SOSP) block in a recently launched licensing round covering all open offshore blocks in the country. The Senegalese government and African Petroleum – recently merged with PetroNor – have been in dispute since January 2018 when the oil firm lodged formal notices of dispute in…

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Total mulls adding two trains to Mozambique LNG

Nov 9, 2019

Mike Sangster, head of Total Exploration and Production for Nigeria, presenting to delegates at the Africa Oil Week conference in Cape Town, South Africa, said that Total aims to expand its Mozambique liquefied natural gas (LNG) project with two additional trains, or plants, where the gas is super-chilled for easier transport. Total just recently concluded…

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Somalian Govt defers offshore round

Nov 9, 2019

The Federal Government of Somalia (FGS) has pushed back plans to licence offshore acreage in an exercise originally slated to kick off on 7 November but now delayed until the end of the year. Plans will be announced in December by when officials anticipate the new Petroleum Law, currently before the Upper House, will have…

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Egypt’s EGPC saw the highest number of oil & gas discoveries in Q3 2019

Nov 9, 2019

The Egyptian General Petroleum Corporation (EGPC) led globally among companies in Q3 2019 with the highest number of oil and gas discoveries, according to data and analysis company GlobalData. The company’s latest report, ‘Q3 2019 Global Oil and Gas Discoveries Review – South America and Europe Dominate with Highest Number of Discoveries in Quarter’, reveals…

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