Oil & Gas

Total launches full production on Kaombo field in Angola with start up of second FPSO

Apr 2, 2019

Total has started up production on Kaombo Sul, the second Floating Production Storage and Offloading (FPSO) unit of the Kaombo project, located on Block 32, 260 kilometers off the coast of Luanda, in water depths ranging from 1,400 to 2,000 meters. Eight months after its sister ship, Kaombo Norte, came on stream, Kaombo Sul will…

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Equatorial Guinea, major oil firms sign agreement for monetization of gas from the Alen Unit

Apr 2, 2019

The Ministry of Mines and Hydrocarbons on behalf of the Government of the Republic of Equatorial Guinea executed the Definitive Agreements with the Alen Unit and respective Punta Europa Plant owners to monetize gas from the Alen Unit, located in Blocks O and I offshore Equatorial Guinea (EG) and operated by Noble Energy EG Ltd.…

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Bowleven provides results for 6 months ended at 31 Dec 2018, says FID due soon on Etinde block off Cameroon

Apr 1, 2019

Bowleven plc (‘Bowleven’ or ‘the Group’ or ‘the Company’)   Interim Results Bowleven, the Africa focused oil and gas exploration Group traded on AIM, today announces its unaudited interim results for the six months ended 31 December 2018.   HIGHLIGHTS ·    Loss for the 6 month period was $1.4 million compared to $2.8 million in the…

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Kenya Pipeline Company officials to face MPs over Kisumu oil jetty tender

Apr 1, 2019

The board and management of the Kenya Pipeline Company are expected to separately appear before a National Assembly committee within14 days to explain their roles in the award of the Sh1.9 billion tender for the construction of the controversial Kisumu oil jetty. The energy committee summoned the officials to appear before it in a fortnight…

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Libya’s NOC and Eni sign MoUs

Apr 1, 2019

National Oil Corporation (NOC) Chairman, Mustafa Sanalla, BP Group Chief Executive, Bob Dudley, and Eni CEO, Claudio Descalzi, signed a Letter of Intent (LOI) in London today which will launch the process for Eni to acquire a 42.5% stake in BP’s Exploration and Production Sharing Agreement (EPSA) in Libya, with an aim to boost in-country…

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Mozambique plans Sovereign Wealth Fund from gas proceeds

Apr 1, 2019

Mozambique’s government plans to establish a sovereign wealth fund to manage income from future gas production, President Filipe Nyusi said. The state will also allocate a fixed portion of revenue to the state budget to fund infrastructure development, poverty reduction and economic diversification, Nyusi said in a speech on Wednesday in the capital, Maputo. Companies…

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Mitsubishi Heavy to supply equipment for Rovuma LNG project in Mozambique

Apr 1, 2019

Mitsubishi Heavy Industries, Ltd. (MHI) said today that it has reached an agreement with ExxonMobil and its co-venture partners to supply H-100 gas turbine and compressor packages for the Rovuma LNG Phase 1 project in Mozambique. Subject to final investment decision on the project, Mitsubishi Heavy Industries Compressor Corporation (MCO) will supply the main liquefaction…

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Tlou Energy awarded new prospecting licence in Botswana on trend with Lesedi CBM project

Apr 1, 2019

Tlou Energy Limited, the ASX, AIM and BSE listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (“CBM”) is pleased to confirm that a new prospecting licence has been issued to the Company by the Government of Botswana. Highlights ·     The new licence, designated “Boomslang” is located…

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AAOG announces update on well TLP 103C in Congo Brazzaville and SNPC cost reimbursements

Apr 1, 2019

Anglo African Oil & Gas plc (AIM: AAOG), an independent oil and gas developer, is pleased to provide an update on the recently drilled TLP-103C well (‘the Well’ or ‘TLP-103C’) at its Tilapia licence in the Republic of the Congo.  The Company also provides an update on the repayment of funds owed to AAOG by Société…

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Inpector Capital BV acquires Scimitar Production Egypt Ltd

Mar 30, 2019

Inpector Capital BV–whose majority is owned by Dutch investor Marcel Boekhoorn–declared that it acquired Scimitar Production Egypt Ltd to invest in the petroleum and energy sector in Egypt. Inpector Capital also announced that it has appointed Erik Vollebregt, an exploration and production industry veteran who served as the commercial and finance director of Shell Nigeria,…

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