Sabotage, flaring rise for Shell in Nigeria
Spills in Nigeria for Shell increased to 2,000 tonnes in 2019, from 157 sabotage incidents, the company has disclosed in its annual report. This was up from 1,600 tonnes from 111 incidents in 2018.
As pressure mounts, Tullow launches sale plans
Tullow Oil has slashed spending in 2020 and set out major disposal plans in an attempt to weather the storm.
Abu Dhabi lines up April production boost
Abu Dhabi intends to supply more than 4 million barrels per day of crude in April, following recent moves by Saudi Arabia and Russia to maximise output.
Pharos puts dividend on hold, pulls production guidance
Pharos Energy has set out plans to spend around $45 million in 2020 but has suspended production guidance from Egypt in response to the oil price pressures.
TransGlobe slashes spending, dividend
TransGlobe Energy has responded to the oil market’s recent plunge by slashing planned spending in 2020, from $37.1 million to $7.1mn.
Valaris drops BOP off Angola
The Valaris DS-8’s blowout preventer (BOP) dropped to the seabed on March 7 and the company is now trying to retrieve it.
America’s days as net oil exporter are numbered amid price rout
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to world’s biggest producers.
Vaalco touts low breakeven for 2020
US-based Vaalco Energy reported net income of $2.6 million for 2019 from production of 3,476 barrels per day in Gabon.
SDX strikes oil in Egypt
SDX Energy has made a heavy oil discovery at its Rabul-3 well in Egypt, with plans to bring this into production later this month.
Petronas joins Exxon in seeking exit from Chad project
Petronas is considering selling its stake in a joint project in Chad with ExxonMobil, according to people familiar with the matter.
Eni, Sonatrach sign gas deal
Sonatrach and Eni Algeria Production have signed an agreement on the marketing of dry gas from the Zemoul El Kbar licence, until 2042.
Supply booms, demand languishes: all are punished
Oil price falls below $40 per barrel spell problems throughout the industry, with companies and countries alike facing tough times.
Shelf Drilling extends jack-up work off Egypt
Dubai-based Shelf Drilling has signed a one-year extension for its Trident 16 jack-up in Egypt.
Pirates attack again offshore Benin
The Minerva Virgo product tanker has been attacked offshore Benin, with one seaman believed to have been kidnapped.
Equatorial Guinea postpones investment conference
Equatorial Guinea has taken the decision to postpone its Africa Oil & Investment Forum (AOIF) and exhibition, which had been due to take place on June 1, in light of the coronavirus outbreak.
PEPA denies environmental risks, considers legal action
Petroleum Exploration and Production Africa (PEPA) has defended its work in Congo Brazzaville, following a condemnatory report from Global Witness and others.
Success in Morocco, failure in Egypt for SDX
SDX Energy has extended its gas discoveries in Morocco, through the play-opening BMK-1 well, although a well in Egypt has disappointed.
TechnipFMC wins FEED work on Etinde
TechnipFMC has won lead front-end engineering design (FEED) work on the development of the IM gas condensate field, offshore Cameroon, Bowleven has reported.
Shell, Exxon on road to Somalia re-entry
Somalia has reached an “initial roadmap” with a Shell and ExxonMobil joint venture on offshore exploration.
Tullow workers crash land in Kenya
A flight in Kenya carrying Tullow Oil workers has made an emergency landing following an engine failure.
Eni takes Agogo to 1 billion barrels
Further success at Angola’s Agogo field by Eni has seen the estimated oil in place figure rise to 1 billion barrels.
Naturgy exit allows Damietta LNG restart
A deal has been reached allowing Egypt’s Damietta LNG plant to restart by June of this year, with Naturgy to drop out of the shareholding group.
MENA’s chance at hydrogen exports
The falling cost of renewables offers an opportunity for Middle East and North African states to shift to capitalise on the energy transition – and even export “green molecules” to the world.
Decline slows for Libyan oil losses
Libya’s production has fallen to 122,430 barrels per day as of February 23, the country’s National Oil Corp. (NOC) has said.
Africa Energy signs farm-out in South Africa
Africa Energy has signed farm-out agreements on Block 2B offshore South Africa, with Panoro Energy and Azinam.