Chinese shipyards in the shadow of coronavirus
The short-term impact of the coronavirus has been seen almost entirely on demand, reducing China’s need for oil and LNG supplies.
BW scales back IPO plans on coronavirus chill
Plans for an IPO for marginal field-developer BW Energy have been pushed back – and pricing scaled back – in light of financial volatility, blamed on the coronavirus in China.
Galp renews LNG deal with Nigeria LNG
Portugal’s Galp has signed a deal for 1 million tonnes per year of LNG from Nigeria LNG (NLNG), continuing the companies’ relationship.
Neptune signs Gulf of Suez licence
Neptune Energy has signed a licence with the Egyptian General Petroleum Corp. (EGPC) on the North West El Amal Offshore concession.
Dana tots up Egyptian offers
Dana Gas has received a number of bids for its Egyptian portfolio and will come to a decision by the end of March.
West African flows squeezed as China dials down demand
The reduction in Chinese oil demand as a result of the coronavirus has taken its toll on African exports.
XR broadens target list for 2020
Extinction Rebellion is broadening its list of targets to include financial services and the media in pursuit of its environmental goals.
US men charged for Iranian oil-to-China plan
The US has charged five of its citizens with conspiring to sell sanctioned Iranian oil to China.
Kosmos boosts 1P reserves with BP deal
BP has signed a sale and purchase agreement (SPA) for LNG from the first phase of its Greater Tortue Ahmeyim LNG project.
Aquaterra lines up platform for Chevron in Angola
Chevron has lined up a Sea Swift platform from Aquaterra Energy for work on the Lifua-A field, in Block 0.
Oceaneering wins RLWI work from BP
Oceaneering will provide riserless light well intervention (RLWI) work to BP offshore Angola, in Blocks 18 and 31.
Qatar doubles down on LNG to Kuwait
Qatargas will supply 1 million tonnes per year of LNG to Shell, for delivery to Kuwait, starting this year.
Zenith sets out drilling plans
Zenith Energy intends to drill on the Tilapia licence in Congo Brazzaville in April while planning exploration drilling in Azerbaijan this year.
Libya shuts in Sharara
Libya’s National Oil Corp. (NOC) has shuttered its Zawiya refinery on February 8, triggering a shutdown at the Sharara field.
Fugro signs on to crack Aker Energy’s Pecan
Fugro has won geotechnical and geophysical survey work on Aker Energy’s Pecan field, offshore Ghana.
Somali oil law signed into the books
Somali President Mohamed Abdullahi Farmajo has ratified the country’s Petroleum Law.
INEOS gets on the grid with Mercedes
INEOS has launched a five-year partnership with the Mercedes-AMG Petronas F1 Team.
China stumps up loan for Rwandan hydropower
China has signed a concessional loan, via China Exim Bank, to support a hydropower plant in Rwanda.
Violence on the rise in Mozambique’s gas-rich north
The insurgency in northern Mozambique is becoming more dangerous, causing alarm for the two major gas projects in the area. There is little sign of improvement.
ICS calls for Nigeria focus to tackle piracy
Kidnappings of crewmembers in the Gulf of Guinea during 2019 was up by more than 50%, according to the International Chamber of Shipping (ICS), driven by piracy stemming from Nigeria.
From Scotland to Senegal
Scottish Development International (SDI) is cooking up a trip to Senegal for a number of companies in the last week of April.
Algeria reshuffles Sonatrach leadership, again
Algerian President Abdelmadjid Tebboune has appointed Toufik Hakkar to head up Sonatrach, ousting Kamel Eddine Chikhi. Hakkar was previously a vice president at the group.
Higher production drives Maurel’s income
Maurel et Prom’s income increased in 2019 as a result of increased production, while the sales price fell marginally.
Coronavirus threatens Karish development
Energean Oil and Gas has issued a warning of the potential impact of the novel Coronavirus on the construction, and therefore timetable, of the hull for its floating production, storage and offloading (FPSO) vessel for its Karish field.
Trident kicks off 4D shoot in EG
Trident Energy has begun a 4D seismic survey offshore Equatorial Guinea on Block G.