Oil & Gas

Madagascar suspends its offshore licensing round

Feb 21, 2019

OMNIS in partnership with TGS and BGP, regret to inform you that following the decision from the newly elected Government, the 2018/2019 Madagascar Licensing Round involving 44 blocks in the Morondava basin is suspended until further notification. More information and the official statement from the Ministry of Mines and Strategic Resources will be available on…

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Tullow free to exit Uganda after concluding tax talks

Feb 21, 2019

British Oil firm Tullow is set to formally exit active operations in Uganda, after agreeing to a payment plan for taxes on its farm-down to Total E&P. The company agreed to pay $167m in capital gains tax to Uganda Revenue Authority (URA), clearing a hurdle that government had erected for consent to its exit plans.…

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Neptune Energy announces first gas at Touat project, Algeria

Feb 21, 2019

Algerian gas project development on track for gas out by end of H1 2019. Neptune Energy and Sonatrach have announced that first gas has gone in to its Touat project in Algeria as part of project commissioning. The development, which will produce around 75,000 barrels of oil equivalent per day (450 million standard cubic feet…

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Equatorial Guinea takes decisive step toward joining the Extractive Industry Transparency Initiative

Feb 21, 2019

In a significant move toward joining the Extractive Industry Transparency Initiative (EITI), Equatorial Guinea received the official backing of the EITI International Secretariat on Friday; The endorsement follows a decade of efforts by Equatorial Guinea to join the initiative, which seeks to address key governance issues of transparency and accountability in the extractive sectors; Support…

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Hidden debt scandal could alienate Angola from investor community

Feb 21, 2019

As Mozambique cracks the whip on officials and cronies allegedly involved in the multibillion-dollar debt scandal, string indications of deals between Angola and global companies involved in the scandal is increasingly bringing to question the credibility of President Joao Lourenco’s already-debatable drive against corruption and presents Angola as risky for foreign investors. The direct involvement…

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Kenya says present crude oil capacity not enough for refinery

Feb 20, 2019

Crude oil deposits so far discovered in Kenya are insufficient to allow for the building of a refinery, a senior petroleum ministry official said on Tuesday. Kenya, which currently exports no crude, discovered commercial oil reserves in its Lokichar basin in 2012 and Tullow Oil estimates the basin to contain an estimated 560 million barrels…

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UFG denies agreement with Egyptian govt on Damietta LNG plant restart

Feb 20, 2019

The negotiations with the Egyptian authorities are still ongoing. UFG reiterates its commitment to reach an amicable agreement with the Egyptian Gov’t and the State-Owned Companies based on the compensation for the damages caused, the restoration of gas supply to the Damietta LNG plant and the guarantees of future compliance with the contracts. Given the…

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Over 500 landowners to be affected in Kenya’s crude export right of way

Feb 20, 2019

The Kenyan government has published a gazette giving notice to land owners along the right of way of the planned crude oil export pipeline to the coast of Lamu. The action is the latest in the series of actions leading up to final sanction of a 140,000Barrels of Oil Per Day oilfield development project, expected…

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ENOC Group signs JV with Proserv Egypt as it enters Egyptian lubricants sector

Feb 19, 2019

ENOC Group signed a joint venture (JV) agreement with Proserv Egypt to set up ENOC Misr, its first on-ground operations in the lubricants sector in Egypt. The agreement marks ENOC Group’s physical presence in Egypt as part of its wider plans to expand its internationally into key markets, including Africa. Through this JV agreement, ENOC…

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US calls for urgent security arrangements on Libya’s Sharara oil field

Feb 19, 2019

The US has called for urgent security measures on the al-Sharara oil field in Libya. This arrangement will guarantee the safety of National Oil Corporation (NOC) workers and allow oil production at the al-Sharara oil field to resume as quickly as possible, said Robert Palladino, deputy spokesperson of the US Department of State. Palladino reiterated…

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