Oil & Gas

Uganda prepares for second oil exploration bidding

Nov 8, 2018

Uganda is set to announce the second competitive oil exploration bidding round that will see new fields opened up in 2020. “We are going to announce the new bidding round in March 2019 at the East African Petroleum Conference and Exhibition in Mombasa. We are now preparing the data on the available oil blocks so…

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Anadarko secures binding LNG deals in Mozambique project

Nov 8, 2018

Woodlands-based Anadarko said it is pushing forward the Mozambique LNG project while keeping it on track for a final investment decision in the first half of 2019. The company and its co-venturers in the project have made progress on converting the non-binding LNG offtake agreement to fully-termed sale and purchase deals. This is necessary to…

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BP and Kosmos launch EIA in Sao Tome and Principe EEZ

Nov 7, 2018

The consortium of BP and Kosmos Energy have launched environmental impact studies on newly acquired blocks 10 and 13 in Sao Tome and Principe’s Exclusive Economic Zone (EEZ). The firms have a 28-year exploration and production contract. The first years will focus on seismic studies, followed by development and production if reserves are discovered. The…

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Tlou Energy provides update on Lesedi CBM project in Botswana

Nov 7, 2018

Tlou Energy, the ASX, AIM and BSE listed company focused on developing gas-to-power projects in southern Africa using coal bed methane (‘CBM’) natural gas from its gas field in Botswana, has provided an update on field operations at its Lesedi CBM project. Key Points: Vertical well ‘Lesedi 3P’ has been drilled and reached a total…

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Tullow working towards nameplate capacity on two Ghanaian FPSOs

Nov 7, 2018

Oil and gas company Tullow Oil is working to increase production from two of its operated fields offshore Ghana towards the nameplate capacity of FPSOs operating on the respective fields. Tullow is the operator of two fields located offshore Ghana, Jubilee and TEN. Tullow’s partner in both locations, U.S. oil company Kosmos Energy, said on…

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PetroSA denies “poor quality diesel” claims

Nov 7, 2018

South African state run firm PetroSA denied reports in the Mail & Guardian (M&G) that it was losing international buyers of its diesel due to its poor quality. The M&G report said that Shell South Africa was one of those firms that would cease buying diesel manufactured at PetroSA’s Mossel Bay refinery. In a statement…

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Libya’s Bahr Essalam Phase 2 project to be completed by 2018 ending

Nov 7, 2018

Libya’s National Oil Corporation (NOC) chairman, Eng. Mustafa Sanalla, met with the CEO of Italian oil major Eni, Claudio Descalzi, at NOC headquarters on November 3, 2018, to discuss ongoing in-country operations, including plans for the seven remaining wells at the offshore Bahr Essalam Phase 2 project – expected to complete by the end of…

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Kosmos enters into strategic exploration alliance with Shell in Southern W. Africa

Nov 7, 2018

Announcing its Q3 2018 results, Kosmos Energy announced that in October 2018 the Company entered into a strategic exploration alliance with Shell to jointly explore in Southern West Africa. Initially, the alliance will focus on Namibia, where Kosmos has completed the farm-in to Shell’s acreage in PEL 39, and Sao Tome & Principe where it…

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Lundin Petroleum to face penalties on Sudan operations

Nov 7, 2018

More than a decade after it exited its operations in what was then Sudan, Lundin Petroleum is facing economic penalties for its previous activities there. According to the company it received notification from the Swedish Prosecution Authority indicating it may be liable to a corporate fine and forfeiture of economic benefits in connection with the…

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Equatorial Guinea expecting $2.4bn oil investment

Nov 7, 2018

Equatorial Guinea expects international oil companies to spend about $2.4 billion on the nation’s oil and gas industry by the end of next year, a government official said. The investment should include about 11 new wells, the official said, asking not to be identified because the information is private. They didn’t give a breakdown in…

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