Oil & Gas

Total Gabon sees revenue up 49% in Q2 but down year on year

Sep 4, 2019

The selling prices of the gross sales marketed by Total Gabon, notably the Mandji, performed well on the international market in the second quarter. The Gabonese crudes sold by the local subsidiary of the French operator posted a price increase of 14%, to 65.7 dollars, compared to the first quarter. With a production of 33,400 barrels per…

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Seadrill awarded drilling contract off Angola

Sep 4, 2019

Sonadrill, Seadrill’s 50:50 joint venture with an affiliate of Sonangol, has secured a nine well contract with six options, each for one well, in Angola for the Libongos drillship. The estimated total contract value is $101 million with commencement expected late Q3 2019 and running to early 2021. The Libongos is the first of two Sonangol owned drillships to…

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Tanzania’s EWURA announces new cap prices for fuel

Sep 4, 2019

The Energy and Water Utilities Regulatory Authority (EWURA) has today September 3, announced an increase in Tanzania Mainland petroleum products compared to prices that were published on August 7, 2019. The retail and wholesale prices are applicable effective Wednesday, September 4, 2019. The change in local prices of petroleum products imported through Dar es Salaam,…

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Airborne Oil & Gas secures TCP flowlines contract with supermajor in W. Africa

Sep 4, 2019

Airborne Oil & Gas B.V. has been awarded a large contract from a supermajor through Oceaneering International Inc to supply Thermoplastic Composite Pipe (TCP) flowlines for deployment in West Africa. It is believed to be the first TCP solution of this type utilised in the region and expected to save the operator up to 40% on total…

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Angolan crude differentials edge downwards

Sep 4, 2019

Price offers for Angolan oil have eased, traders say, as demand for its heavy and sweet crude grades remains robust in Asia but competition from Mideast and Australian oil has strengthened. About 15 cargoes of Angolan oil remain available for export in October. State oil company Sonangol was down to its last cargo for the…

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South African petrol prices to rise by 11 cents

Sep 3, 2019

Consumers will feel the pinch even more at the tanks as the price of petrol is set to increase by 11 cents a litre tonight. The Department of Mineral Resources and Energy announced that both grades of 93 and 95 (ULP and LRP) will rise by 11 cents. Both grades of diesel (0.05% Sulphur) and…

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Libya sees oil and gas revenues rise 23% in July compared with June

Sep 3, 2019

At the end of July 2019, the Libyan state-owned oil company (NOC) reported a 23% increase in its oil and gas sales, compared to June 2019. The receipts thus passed from $ 1.73 billion to $ 2.1 billion. The company attributed the increase in revenue to an increase in the number of crude oil shipments…

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Chinese firms look to invest $1.4bn into African energy projects

Sep 3, 2019

After completing its one-week visit to Beijing, African Energy Chamber has secured over US$1.4bn intensions to invest in mining, oil and gas, power and renewables. During the meeting with senior officials from the Chinese government, heads of state-owned energy companies, and executives and entrepreneurs from the private sector, African Energy Chamber highlighted that not only…

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Egypt’s gas production rises to 7bn cubic feet per day – Official

Sep 3, 2019

Egypt’s natural gas production rose to 7 billion cubic feet (bcf) per day from a level of 6.8 bcf per day at the end of June, a senior petroleum ministry official told Reuters on Monday. Natural gas production at Egypt’s Zohr field, the largest in the Mediterranean, had risen to 2.7 bcf per day, around…

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Angola oil block bidding process due today

Sep 3, 2019

Angolan National Petroleum, Gas and Biofuels Agency (ANPG) starts on 3 September in Luanda the presentation of the public tender for oil blocks in the Namibe and Benguela basins for 2019-2025. The process will cover the Block 10 basins in Benguela and 11, 12, 13, 27, 28, 29, 41, 42 and 43 of Namibe, according…

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