Oil & Gas

Standard Bank urges Brazilian firms to key into Africa’s LNG opportunities

Dec 12, 2018

South Africa’s Standard Bank Group Ltd encouraged Brazilian engineering and construction firms recently to explore African opportunities, such as the world’s largest liquid natural gas projects in Mozambique. While incoming President-elect Jair Bolsonaro says he will focus on relations with advanced economies, Standard Bank is betting on Brazilian companies needing to diversify abroad to recover…

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S. America and Africa lead global planned FPSO deployments to 2025 – GlobalData

Dec 12, 2018

Globally, South America leads with 31 planned and announced floating production, storage and offloading vessel (FPSO) additions by 2025. The region has 18 planned and 13 announced FPSOs respectively. Africa follows with 16 FPSOs, 4 are planned and 12 are announced, according to leading data and analytics company GlobalData. The company’s report: ‘Q4 2018 Global FPSO…

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Zimbabwe MPs demand truth on fuel situation as govt plays down crisis

Dec 12, 2018

MPs who form parliament’s energy committee last week demanded government and energy sector coherence on the real fuel situation in the country following continued conflicting statements by players in the industry. The situation has been compounded by repeated government denials stocks of the precious liquid were drying by the day. Following the confusion, both Zanu…

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Libya’s NOC declares force majeure over PFG forces at Sharara oil field

Dec 11, 2018

Libya’s National Oil Corporation (NOC) has declared force majeure on crude oil loadings from the country’s biggest oil field due to a forced shutdown caused by the presence of militia, it said Monday. NOC demanded that the armed militia claiming attachment to the local Petroleum Facilities Guard (PFG) immediately withdraw from the Sharara field without…

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Kenya Pipeline outgoing MD arrested

Dec 11, 2018

In Kenya, the outgoing MD of Kenya Pipeline Co., Joe Sang was arrested as part of an ongoing investigation into loss of funds during construction of the Sh1.9-billion Kisumu oil jetty. Sang and four other officials of the state corporation were arrested on December 7 in Nairobi. The others arrested are company secretary Gloria Khafafa;…

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Qatar Petroleum to acquire 10% interest in 3 Mozambican offshore blocks from ExxonMobil

Dec 11, 2018

Qatar Petroleum has entered into an agreement with an ExxonMobil affiliate to acquire a 10 percent participating interest in three exploration blocks in the Angoche and Zambezi basins in Mozambique. The agreement is subject to customary regulatory approvals by the government of Mozambique. Following such approval, the various partners composing the consortium will be made…

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Eni partners Mubadala Petroleum, BP in Nour concession offshore Egypt

Dec 11, 2018

Egyptian Government approval for the sale of a 20% interest to Mubadala Petroleum and a 25% interest to BP out of Eni’s share in the Nour North Sinai Offshore exploratory concession has been granted Eni has announced that the sale of a 20% participating interest to Mubadala Petroleum, a wholly-owned subsidiary of Mubadala Investment Company,…

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Nigeria’s Oranto Petroleum awaits South Sudan results

Dec 11, 2018

Oranto Petroleum has been busy in South Sudan since its award of an exploration license for Block B3 in March 2017. The company has completed an aeromagnetic survey over the acreage to date. The firm is currently waiting for the interpretation of the data to give it an idea of where the most likely spot…

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Tullow Oil seeks partners in bid for additional Ghana block

Dec 11, 2018

Tullow Oil is seeking partners in a bid to acquire a new oil block in Ghana which launched its first oil bidding round in October, the company’s managing director Kweku Awotwi said on Thursday. Tullow is already lead operator of two oil fields in Ghana including its flagship offshore Jubilee field, with cumulative output currently…

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More work needed before oil flows in Ethiopia – Ministry

Dec 11, 2018

Ethiopia’s Ministry of Mines, Petroleum and Natural Gas revealed that the country needs an additional three years to develop its petroleum resources in the Ogaden area. According to the Ministry, there are a number of activities that need to be completed before entering the production process. Ketsela Tadese, Petroleum Licensing and Administration Director at the…

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