Violence escalates in Libya despite coronavirus pleas
Crises are proliferating in Libya, with the conflict continuing to rage despite high-level assurances of ceasefires in response to the coronavirus pandemic.
Lamprell to close UAE facilities
Lamprell is in the process of shutting two of its three facilities in the United Arab Emirates (UAE) in order to reduce overheads.
Trump’s oil deal: the inside story of how a price war ended
After a week-long marathon of calls between world leaders and video conferences featuring dozens of energy ministers, it was the moment the 2020 oil price war finally ended.
Fabled Singapore oil trader appoints advisers amid bank squeeze
Singapore oil trader Hin Leong Trading (Pte.) Ltd. has appointed advisers to help in talks with banks as some of them freeze credit lines to the firm, according to people with knowledge of the matter.
Angolan production declines bite deep
Companies operating in Angola have reported a production decrease of 18.7% from 2017 to 2019.
Nigeria moves to private partnerships in refining sector
Nigeria is in the process of shifting its refining model away from Nigerian National Petroleum Corp. (NNPC) ownership, bringing in private ownership similar to that seen at Nigeria LNG (NLNG).
Rivers turfs out Caverton in coronavirus crackdown
Rivers Governor Nyesom Wike has ordered Caverton Helicopters to halt operations in the state, as the row over a flight into Port Harcourt escalated.
Chariot cuts costs while touting Moroccan plans
Chariot Oil & Gas has cut its running costs by around 45% while continuing to seek a partner for its Moroccan gas project.
Kosmos takes a second slice off capex
Kosmos Energy has cut spending for a second time in a month and confirmed delays at the Tortue LNG project, where it works with BP.
Sasol shutters Natref as demand plummets
Sasol will shutdown its Natref refinery as of Arpil 9 in response to the “unprecedented decline” in fuel demand, stemming from South Africa’s lockdown aimed at halting the spread of coronavirus.
Caverton pilots arrested for coronavirus contraventions
Rivers State Governor Nyesom Wike has personally overseen the arrest of two pilots from Caverton Offshore Support Group for illegally moving people into the Nigerian state.
SDX celebrates Sobhi find
SDX Energy has made a commercial discovery at the SD-12X well, in Egypt.
BP hits force majeure brakes at Tortue LNG
BP has declared force majeure on its Tortue LNG project with Golar LNG, saying it would not be ready to receive the floating unit in 2022 as a result of the coronavirus pandemic.
SDX’s serendipitous capex timing
SDX Energy’s capital expenditure will fall to $24.7 million this year, while production is expected to be 66-72% higher than 2019.
Exxon pushes back Rovuma LNG decision, again
ExxonMobil’s decision to slash capital expenditure this year by 30% has pushed back a final investment decision (FID) on the Rovuma LNG project, in Mozambique.
BP scraps CSEM survey from EMGS
BP has cancelled a planned controlled source electromagnetic (CSEM) survey off Mauritania and Senegal, that was due to be carried out by Electromagnetic Geoservices (EMGS).
San Leon sees OML 18 cash roll in
San Leon Energy has received $40 million under its loan notes agreement in Nigeria, while changing the terms of its lending.
Scatec starts up South African solar
Scatec Solar has completed its 258 MW solar power plant at Upington, in South Africa.
Sonatrach starts GR7 fill
Sonatrach began filling the GR7 pipeline with gas on April 2, connecting new supplies to Hassi R’mel.
Dubai Petroleum drops second rig
Dubai Petroleum is ending its second rig contract with Shelf Drilling, which had been working in the United Arab Emirates.
NNPC coronavirus case in Abuja
A Nigerian National Petroleum Corp. (NNPC) employee has tested positive for coronavirus in the Nigerian capital of Abuja.
Essar Mauritius fires off suit at ShoreCan
Essar Exploration & Production (Mauritius) has filed an “opportunistic” complaint in the UK against a Nigerian joint venture, Shoreline Canadian Overseas Petroleum Development, known as ShoreCan.
Saudi, Russia rift widens
US President Donald Trump’s call for a 10 million barrel per day – or even 15mn bpd – cut drove up oil prices last week but weak demand continues to run the show, with little respite expected from talks due to take place this week.
Tullow cuts capex further, secures RBL
Tullow Oil has secured its reserve-based lending (RBL) facility at $1.9 billion, giving it around $700 million of liquidity, while slashing its spending this year further from plans announced just two weeks ago.
Apache celebrates second score in Suriname
Total and Apache have made a second discovery offshore Suriname, at Block 58’s Sapakara West-1 well.