Oil & Gas

Tanzania’s gas plant and Bagamoyo Port top East Africa’s $75.5bn mega projects

Feb 8, 2020

Eastern Africa countries have increased investment in infrastructure projects in the past five years with Tanzania leading in terms of the value and number of projects that broke ground by June last year, helped by the new Likong’o-Mchinga Liquefied Natural Gas plant, the most valuable project in the region, according to a new report. The…

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Cameroon launches tender for a feasibility study for a 3D seismic project onshore Douala/Kribi-Campo Basin

Feb 8, 2020

Cameroon’s National Hydrocarbons Corporation (SNH) has launched an Open International Invitation to Tender (AOIO) for the selection of a company to carry out a feasibility study for a 3D seismic acquisition project onshore Douala/Kribi-Campo basin. The maximum duration for the conduct of the feasibility study is four months. Participation in the Invitation to Tender is…

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Libyan daily oil production drops below 200k barrels amid closure of oil ports

Feb 8, 2020

The state-owned Libyan National Oil Corporation (NOC) said on Tuesday that the country’s daily production of crude oil has dropped from more than 1.2 million barrels to fewer than 200,000 as a result of the closure of oil fields and ports. “The NOC confirms a drop in production to the current level of 187,337 barrels…

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Fuel shortage builds in South Kordofan, Sudan

Feb 8, 2020

A shortage of fuel and high prices for petrol and diesel halted transportation between cities and villages in South Kordofan. Witnesses from Delling reported to Radio Dabanga that long queues of vehicles have lined up in front of petrol stations for more than a week. In New Halfa locality, Kassala state, farmer Ahmed Mohamed told…

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Trafigura acquires Sakunda Holdings, controls 100% of Trafigura Zimbabwe

Feb 8, 2020

In Zimbabwe, the commodity trader Trafigura acquired the 51% stake owned by Sakunda Holdings in Trafigura Zimbabwe. This agreement confirms a sealed agreement in this direction, between the two parties last December. No details on the financial terms of the agreement have been released. The agreement is now subject to regulatory approvals from the Zimbabwean…

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BP says Egypt’s Raven development delays due to corrosion issues

Feb 8, 2020

During BP’s 2019 Earnings Call, Bob Dudley, BP Group Chief Executive confirmed that its Raven development in Egypt’s West Nile Delta (WND) complex in the North Alexandria concession, is experiencing significant delays and will not come fully online as scheduled. Dudley said “it’s pretty much a function of some corrosion issues that we’ve picked up…

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Eni’s crude oil production in Libya halved to around 160,000 boed – CEO

Feb 7, 2020

Eni’s oil production in Libya has halved to around 160,000 barrels per day, the Italian major’s chief executive said on Thursday. “The situation in Libya is very difficult since for more than three weeks there’s been a million barrels stuck,” Claudio Descalzi said on the sidelines of a conference. Descalzi said output was low, around…

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Oryx Gas hikes price of its LPG products in Tanzania

Feb 7, 2020

Consumers of Liquefied Petroleum Gas (LPG) – at least consumers of the Oryx brand of the gas – will have to dig deeper into their pockets to purchase gas-filled cylinders. This comes about following announcement of new wholesale prices by the company in Tanzania. Oryx issued a notice to retailers yesterday detailing increases in wholesale…

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Light oil and cooking gas to be produced in Mozambican province

Feb 7, 2020

A project is currently under way to produce light oil in the southern Mozambican province of Inhambane, the chairperson of the National Petroleum Institute (INP), Carlos Zacarias, told a Maputo press conference on Thursday. The amounts involved will be small, he said, amounting to 5,000 barrels a day. The light oil will come from a…

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Algeria looks to resume its dominance in the natural gas market

Feb 7, 2020

While most of Europe fixated on the result of the UK General Election on 12 December 2019, Algerians also went to the polls in an equally hard-fought election resulting in President Abdelmadjid Tebboune coming to power with over 58% of the popular vote. With a key message to “separate money from politics,” it was a…

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