African News

Demand for Angolan crude slows

Mar 8, 2019

Spot activity was thin on Thursday with Angolan offers lingering. Total was still offering a cargo of Angolan Nemba at dated Brent plus $1 a barrel and a Gindungo cargo at dated Brent plus 50 cents. BP was still offering Angolan Kissanje and Pazflor at dated Brent plus $1.30 a barrel, a trader said.  …

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Libya’s oil and gas revenues fell by 30% in January – NOC

Mar 7, 2019

Libya’s oil and gas revenues dropped by 30 percent to $1.6 billion in January compared to December, the state oil firm NOC said on Tuesday. On Monday, NOC lifted force majeure, a contractual waiver, on Libya’s largest oil field El Sharara after almost three months of closure by an armed group and tribesmen. NOC said…

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TechnipFMC set to begin EPC work on Egypt project

Mar 7, 2019

TechnipFMC (NYSE:FTI) (Paris:FTI) has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt. As previously stated, this major(1) EPC contract covers the debottlenecking of existing units, the…

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Eskom provides loadshedding update

Mar 7, 2019

South African state-owned power utility Eskom has this morning announced that there is a high risk of rotational loadshedding and will be implemented if “absolutely necessary”. “We continue to encourage residents and businesses to use electricity sparingly during this period. Please switch off geysers as well as all non-essential lighting and electricity appliances to assist…

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Globeleq works with partners to expand Azito plant in Côte d’Ivoire

Mar 7, 2019

Globeleq, a leading independent power producer in Africa, and IPS (West Africa) a company owned by the Aga Khan Fund for Economic Development, have announced its subsidiary, Azito Energie SA, has signed an amended Concession Agreement with the Government of Côte d’Ivoire to add 250 MW to the existing Azito gas-fired power plant near Abidjan.…

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Anadarko to stick to Mozambique LNG project timeline

Mar 7, 2019

The safety, security and well-being of our people is always top priority. We have more fully assessed the Feb. 21 security event that occurred at a village on the road from Palma to Mocimboa da Praia approximately 20 kilometers away from the site of our future LNG facility. The evidence to date indicates both the…

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ENI, Chevron increase Angolan rig count

Mar 7, 2019

Chevron has contracted the rig Sapura Jaya from Sapura Energy. It is expected to be on location offshore Angola in April. With this, the American oil major joins the Italian explorer ENI, in pushing up the Angolan Rig Count. ENI deployed Seadrill’s West Gemini in February 2019, shooting the rig count in the country by……

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Morocco focused Sound Energy provides update on gas sales agreement

Mar 7, 2019

Sound Energy, the Moroccan focused upstream gas company, has confirmed continued positive discussions with Morocco’s Office National de l’Electricité et de l’Eau Potable (‘ONEE’) and the Moroccan Minister of Energy in relation to a gas sales agreement (‘GSA’), pursuant to which The Minister of Energy has confirmed his intention that the GSA covers all of…

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Liberia’s LEC to connect 102,000 new customers to national grid

Mar 7, 2019

The Liberia Electricity Corporation (LEC) has begun new connection of 102,000 households to the national grid to increase reliable access to affordable electricity throughout the country in the quickest, most prudent and sustainable manner. This initiative, which falls within the18-month plan of LEC, will include the Monrovia Consolidation, Kakata Corridor and the Monrovia-Bomi Corridor. Speaking…

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Equatorial Guinea oil minister hopeful over production boost

Mar 6, 2019

Equatorial Guinea is optimistic that it will see a small boost in oil production over 2019 thanks to an increase in drilling. The island nation has plans to launch a new licensing round in April to also help boost its oil and natural gas sectors, Gabriel Obiang, the oil minister, said. The licensing round will…

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