Oil & Gas

Saipem secures West Africa EPCI contracts

Feb 7, 2020

Italian offshore contractor Saipem has been awarded several EPCI contracts in various countries around the world worth more than US$500mn In West Africa, Saipem has been assigned a contract by Eni Angola S.p.A. related to Cabaça and Agogo Early Phase 1 developments. The scope of work includes the EPCI of risers, production flowlines, jumpers and…

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Africa Oil completes farm in to Block 3B/4B IN South Africa

Feb 7, 2020

Africa Oil Corp. is pleased to announce that the government of South Africa, has approved the acquisition of a 20% participating interest in the Block 3B/4B Exploration Right from Azinam Limited (“Azinam”) by its wholly-owned subsidiary, Africa Oil SA Corp.. Africa Oil Corp. will assume operatorship for the joint venture partners; Azinam will retain a 20% participating…

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ReconAfrica acquires rig for onshore Namibia drilling program

Feb 7, 2020

Reconnaissance Energy Africa (ReconAfrica), has entered into a binding Asset Purchase Agreement with Henderson Rigs (Houston) for the acquisition of a Crown 750 drilling rig. ReconAfrica is participating in the development of the newly discovered Kavango Sedimentary Basin in northeast Namibia As a result of comprehensive discussions with international drilling contractors, management concluded the acquisition…

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Trident Energy begins new 4D seismic survey in Equatorial Guinea

Feb 7, 2020

Trident Energy commenced 4D seismic acquisition operations on the 22nd January 2020, over its Block G assets, which contain the Ceiba and Okume fields, and are situated 15 km offshore in water depths ranging from 100 to 1,200m. The acquisition is being carried out by Polarcus Naila and the survey is expected to last 45…

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Tullow Oil to cut jobs, shut offices after poor Africa and Guyana results

Feb 7, 2020

Tullow Oil will reduce its headcount in Kenya by about 40% as part of a company-wide restructuring following poor performances at its Africa and Guyana operations. About 35 workers will become redundant, Tullow Kenya Managing Director Martin Mbogo said in an emailed response to questions. The reduced team “will focus” on achieving a final investment…

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Angolan crude oil values come under pressure from corona virus concerns

Feb 5, 2020

Angolan crude values are coming under pressure from drastically reduced demand from China as the country contends with a coronavirus outbreak, according to trade sources. “The demand we are losing there currently is huge… the Chinese market is dying slowly but surely,” a trader said. Chinese buyers make up a significant proportion of the demand…

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Petrol price in South Africa to come down in February

Feb 5, 2020

The petrol price will come down by 13 cents a litre this week. Both grades of petrol 93 (ULP and LRP) and 95 (ULP and LRP) will come down by 13 cents a litre as of Wednesday. This will see a litre of 95 come down to R16.03 in Gauteng, down from R16.16 in January.…

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Angola gives nod to nine proposals for Soyo refinery

Feb 5, 2020

Based on the international public tender, launched on October 24, 31 companies expressed interest in participating in the tender, but only 15 submitted proposals for the construction of the refinery that will have a capacity to process 100,000 barrels of oil / day. Proposals from SDRC, JIANGSU SINOCHEM CONSTRUCTION, CO, QUANTEN CONSORTIUM, CME, AIDA and…

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UPTIME International secures Greater Tortue-Ahmeyim LNG contract

Feb 5, 2020

UPTIME International has been awarded a contract from Eiffage Génie Civil Marine for supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG Project offshore Mauritania and Senegal. UPTIME’s scope of work includes engineering, design and supply of access solutions between the LNG Hub Terminal and the FLNG vessel…

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Victoria Oil & Gas announces operations update in Cameroon

Feb 5, 2020

Victoria Oil & Gas, a Cameroon based gas producer and distributor, has provided an update on its operations in Cameroon. Highlights The Company’s wholly-owned subsidiary, Gaz du Cameroun (GDC), has entered into a non-binding Letter of Intent (‘LOI’) with New Age Cameroon Offshore Petroleum for the supply of a minimum of 25mmscfd of gas from…

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