Oil & Gas

Brahms appoints AFC financial adviser for Guinea refinery project

Dec 20, 2018

Brahms Oil Refineries Limited appointed the Africa Finance Corp. (AFC) as Financial Adviser for the development of the Petroleum Refining and Storage Infrastructure Project to be located in Kamsar, Guinea. The project is comprised of petroleum storage and transportation infrastructure, as part of a 12,000-bpd modular refining facility. The project is being implemented by Société…

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Africa Energy completes Block 11B/12B farm-in offshore South Africa

Dec 20, 2018

Africa Energy has received governmental approval and closed the previously announced transactions to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa. Garrett Soden, Africa Energy’s President and CEO, commented: ‘We are excited to partner with Total, Qatar Petroleum and CNRI on Block 11B/12B in South Africa. This is…

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South Sudan sees $2bn oil investments as first start

Dec 20, 2018

Recent pledges of $2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said. Ezekiel Lul Gatkuoth’s prediction comes as the African nation’s warring sides prepare to form a power-sharing government in the latest bid to end five years…

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Angola LNG resumes operations following ‘minor intervention’

Dec 19, 2018

Chevron-led Angola LNG project has resumed with the production of liquefied natural gas from its Soyo facility following a shutdown. Angola LNG spokeswoman said the shutdown took place due to a ‘minor intervention’, without providing further detail. No timeline was given for the loading of the next LNG cargo following the resumption of operations. Citing…

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OPEC lauds Angola reforms during landmark visit

Dec 19, 2018

Angola’s leadership is undertaking crucial tax and policy changes to diversify the economy while opening the oil sector to new investment; H.E. Mohammad Sanusi Barkindo visited Luanda for the first time as Secretary General of OPEC; Barkindo on Angola: “Right reforms at the right time” During his first visit to Angola as the head of…

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Libya’s NOC declares force majeure on El Sharara oilfield operations

Dec 19, 2018

Libya’s National Oil Company (NOC) declared force majeure on operations at El Sharara oil field, the company said in a statement late on Monday. Libya’s NOC said oil production from Libya’s biggest oilfield will only restart after “alternative security arrangements”, the statement added. Source: Hellenic Shipping News

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APPO secretary general to push for Africa-wide cooperation

Dec 19, 2018

The secretary general of the African Petroleum Producers Organisation (APPO) has called for action to reform Africa’s energy sector. APPO members will meet in Malabo, Equatorial Guinea for the Cape VII Exhibition and Conference from 1-5 April 2018. The new APPO reforms aim to increase the organisation’s influence on the international stage. The reforms will…

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Schlumberger signs MoUs in Egypt with EGPC and Petrojet

Dec 18, 2018

Schlumberger officially inaugurated its Egypt Center of Efficiency (ECE) facility at the Polaris Industrial City in 6th of October city. The inauguration took place on December 12 during the company’s event to celebrate its 80 years of operations in Egypt. “The ECE is one of the largest facilities in the world bringing the latest in…

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BP gives Golar limited notice to go ahead with Tortue FLNG

Dec 18, 2018

The Tortue/Ahmeyim field development is located in the C-8 block off the shore of Mauritania and the Saint-Louis Profond block offshore Senegal and BP is looking at an FLNG option to develop those resources. BP and Golar in April 2018 signed a preliminary agreement for an FLNG charter deal. In an update on Monday, December…

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Polarcus awarded XArray project in West Africa

Dec 18, 2018

Polarcus has announced that an award has been received for an XArray marine seismic acquisition project in West Africa. The project will commence in Q1 2019 with an approximate duration of two months. Following this award, the Polarcus fleet is 90% booked for Q1 2019. Source: Polarcus

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