Oil & Gas

Norway’s Equinor, Tanzania to begin talks over LNG project

Dec 4, 2018

Norway’s Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday. Tanzanian President John Magufuli has asked his government to proceed with negotiations to set out the commercial and fiscal framework for the LNG project, Equinor, a majority…

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WAPCo considers gas tariff review as Ghana gas projects begin to come onstream

Dec 4, 2018

The West African Gas Pipeline Company Limited (WAPCo) and the West African Gas Pipeline Authority (WAGPA), concerned about losing its market in the West Africa sub-region over its high gas tariff regime have commenced discussions to amend its tariff structure to stay competitive in the market. Currently, the company produces 95 million standard cubic feet…

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Pétro Ivoire gets $22m mezzanine funding from Vantage Capital

Dec 4, 2018

Vantage Capital, Africa’s mezzanine fund manager, has announced that it has provided US$22mn of mezzanine funding to Pétro Ivoire, a distributor of oil and gas products in Côte d’Ivoire. Vantage’s funding has enabled the founding family, Kadio-Morokro, to regain a controlling equity stake in the company by facilitating the buy-back of equity from two exiting…

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Tlou Energy completes top-hole drilling at the Lesedi CBM project in Botswana

Dec 4, 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 field in Botswana, has provided an update on drilling operations at the Lesedi CBM Project. Key Points: Top-hole drilling for both lateral and vertical sections for production pods ‘Lesedi 3’,…

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Equatorial Guinea calls on oil producers to ‘stand together’

Dec 4, 2018

The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has called for unity among oil producing ahead of this week’s 175th ordinary meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna. The meeting will be a critical juncture for the organization as it grapples with declining oil prices and a…

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Tanzania Port Authority mulls new jetty for petroleum products at Tanga

Dec 3, 2018

Tanzania Port Authority (TPA) is planning to develop a modern jetty at Raskazone oil terminal in Tanga port capable of accommodating medium-sized oil tankers. Tanga Port manager, Percival Salama revealed the news during a meeting with Ugandan oil and gas stakeholders who visited Tanga to explore prospects of using the port for oil imports to…

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Anadarko selects Technip and VanOord for Mozambique LNG EPCI

Dec 3, 2018

Anadarko Mozambique Area 1, LTDA, a wholly owned subsidiary of Anadarko Petroleum Corporation, on behalf of the co-venturers in Mozambique’s Offshore Area 1, today announced the selection of a consortium consisting of TechnipFMC and VanOord as the preferred tenderer for the engineering, procurement, construction and installation (EPCI) of the offshore subsea system for its Mozambique…

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BW offloads first oil cargo from Tortue field FPSO off Gabon

Dec 3, 2018

BW Offshore has announced that the first cargo of oil was successfully offloaded from the BW Adolo FPSO on 2 December. A total of 550,000 bbls of oil were transferred from the FPSO to a tanker which will transport the crude oil to a refinery. The BW Adolo achieved first oil from the Tortue field…

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Africa50, Energy Futures Initiative launch report on natural gas in Africa

Dec 3, 2018

Africa50, in partnership with Energy Futures Initiative (EFI) has announced the U.S. launch of the gas report Investing in Natural Gas for Africans: Doing Good and Doing Well during a ceremony held yesterday at the Atlantic Council Headquarters. In June 2018, Africa50 commissioned a report from EFI to analyze the opportunities and benefits of natural gas development…

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S. Africa to introduce new oil, gas law after 2019 elections

Dec 1, 2018

South Africa will introduce new oil and gas laws after elections next year, Mineral Resources Minister Gwede Mantashe said. “We will make sure that it will be one of the first laws to be processed in the new parliament after the elections,” he said in Cape Town on Thursday. The process of approval of exploration…

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