Oil & Gas

ADES secures new rig contracts with Sonatrach in Algeria

Apr 14, 2019

ADES International Holding PLC (“ADES” or the “Group”), a leading oil & gas drilling and production services provider in the Middle East and North Africa (MENA), is pleased to announce that it has secured two new contracts for its onshore rigs ADES 2 and ADES 3 in Algeria with Groupement Sonatrach AGIP (GSA). ADES 2…

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Kenyans reject Govt’s plan for piped cooking gas to households

Apr 14, 2019

The government intends to implement the introduction of piped cooking gas in residential areas but Kenyans on Twitter seem to be unenthusiastic about the idea. Appearing for an interview on KTN, the Ministry of Energy Principle Secretary Andrew Kamau said that this would be realised through the government’s affordable housing project. The gas would come…

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Senegal’s president appoints new petroleum minister

Apr 14, 2019

After having proven himself at the head of Senelec, Mouhamadou Makhtar Cissé inherited the highly strategic Senegalese Ministry of Oil and Energy. While Senegal is preparing to produce, in the next few years, its first cubic meters of gas and its first barrels of oil, it is Mouhamadou Makhtar Cissé who managed for four years…

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Chevron announces agreement to acquire Anadarko

Apr 12, 2019

Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation (NYSE: APC) to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share. Based on Chevron’s closing price on April 11th, 2019 and under the…

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Political turmoil to delay Sudanese oil investment opportunities – GlobalData

Apr 12, 2019

Will Scargill, a senior oil and gas analyst at GlobalData, a data and analytics company, has offered his views on the effect of political upheaval on Sudan’s oil and gas industry “Efforts to attract renewed investment into Sudan’s oil and gas industry may be delayed by political upheaval. The government was hoping that remaining US…

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Angolan LNG cargo heads for Belgium

Apr 12, 2019

The Fluxys-operated Zeebrugge liquefied natural gas terminal in Belgium is set to receive a cargo from the Chevron-led Angola LNG project. According to the shipping data, the 2011-built liquefied natural gas carrier Sonangol Etosha capable of transporting 160,100-cbm of LNG is scheduled to dock at the Zeebrugge facility on April 12. The vessel set off…

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ENI launches work on seventh processing plant for Zohr field offshore Egypt

Apr 11, 2019

Italian firm, ENI, has launched work on its seventh natural gas processing plant at the Zohr field. The field is located offshore Egypt in the Mediterranean. This follows the completion of the sixth processing plant at the end of March. The plant is set to boost the field’s production capacity to 2.7 Bcf/d by the…

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Egyptian Ministry of Petroleum signs MoU with IFC

Apr 11, 2019

The Ministry of Petroleum signed a memorandum of understanding (MoU) with the International Finance Corporation (IFC) on funding infrastructure projects within the petroleum and natural gas sectors. The MoU targets to support turning Egypt into a regional hub for petroleum and natural gas trade across the East Mediterranean region through boosting the infrastructure of gas…

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Ugandan Govt to open second round of oil licensing

Apr 11, 2019

A new round of competitive bidding for oil exploration licenses for the Albertine Graben is slated for early next month. Speaking at a press conference on Wednesday, Energy and Mineral Development Minister, Ms Irene Muloni said seven new exploration blocks will be open for bidding during the second week of May to coincide with the…

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Africa Oil acquires additional shares of Eco Atlantic Oil and Gas

Apr 11, 2019

Africa Oil Corp. (AOI–TSX, AOI–Nasdaq-Stockholm) (“Africa Oil” or the “Company”) announced today that it had acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas Ltd. (“Eco”) (TSXV:EOG or LSE:ECO) for US$1.05 per common share for a total consideration of US$4,999,998. The common shares were acquired by Africa Oil on a non-brokered private placement basis and, together with the…

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