Sonangol tees up share sale
Angola intends to privatise 30% in state-owned Sonangol, in a bid to raise money and increase the company’s competitive edge.
Africa Oil takes Nigeria dividend
Africa Oil has received its first dividend from its recently acquired Nigerian assets and has directed the cash to pay down a loan.
ReconAfrica plans Namibia drilling this year
ReconAfrica has lined up a drilling rig to work on its licence in Namibia’s Kalahari Desert.
Armada’s robotic fleet to shoulder survey work
Ocean Infinity Group has announced the launch of its Armada project, which aims to cut emissions for survey work through the use of unmanned vessels.
Mnazi Bay to hold steady in 2020
The Mnazi Bay field in Tanzania produced 70.29 million cubic feet (1.99 million cubic metres) per day in 2019, according to Wentworth Resources, predicting output would remain static in 2020.
Bomb attack fails to disrupt Israeli gas to Egypt flow
A pipeline in Egypt’s Sinai has been bombed, according to reports on February 2, but imports from Israel have continued unabated.
KBR takes PMC work on Ghasha
KBR has won project management consultancy (PMC) work from ADNOC on the Ghasha concession.
Former Nigerian militant says oil amnesty is price of peace
Ebikabowei Victor Ben sips French red wine at his plush home in Nigeria’s capital as he reminisces about a daring speedboat attack on one of the nation’s most critical oil installations.
Trafigura to finance ADM’s upstream plans
ADM Energy has signed up support from Trafigura, with the oil trader agreeing to support “investment opportunities” in African energy.
Abu Dhabi to develop major gas find with Dubai
Abu Dhabi National Oil Co. (ADNOC) and the Dubai Supply Authority (DUSUP) have signed an agreement to develop the Jebel Ali project, a shallow gas find.
AIIM navigates Nigeria’s gas infrastructure challenge
The Nigerian economy has a gas distribution and power generation problem. African Infrastructure Investment Managers (AIIM) is playing a part to tackle this, through its investment alongside Savannah Petroleum in assets previously owned by Seven Energy.
Aker Energy appoints new Ghana country head
Aker Energy Ghana is replacing country director Jan Helge Skogen with Kadijah Amoah, effective as of February 1.
Eskom plans shift to regular maintenance
Eskom has set out plans for a new “philosophy maintenance”, under which its power plants will be serviced in line with how they were supposed to be, while also seeking cost savings and taking a harder line with lenders.
Win for Total in French case over duty of vigilance
A court in France has found it does not have the right to hear a complaint against Total in Uganda, in an early blow to a new law.
Nigeria orders Etete arrest over OPL 245 scandal
A Nigerian court has ordered the arrest of former petroleum minister Dan Etete over his alleged involvement in the OPL 245 affair.
Cameroon issues tender for seismic study provider
Cameroon’s state-owned Société Nationale des Hydrocarbures du Cameroun (SNH) has launched a tender for a feasibility study for a 3D seismic shoot, onshore in the Douala/Kribi-Campo Basin.
Senegal licence round goes live
Petrosen has officially launched its first offshore licence round, at a conference in Senegal, covering 12 blocks.
Amid NCTL chaos, OML 18 progresses alternative export route
San Leon Energy expects its new export route in Nigeria to be commissioned in May, following a week where force majeure was declared on its current shared pipeline.
Yemeni rebels target Saudi Aramco in Jazan
Yemen’s Houthi rebels launched a missile attack on Saudi Aramco, but an oil official in the kingdom said the projectiles were intercepted before they could hit their target in the southern Jazan region.
The messy business of the energy transition
Oil and gas companies do have some advantages in terms of tackling the energy transition, but there are pitfalls along the way and the process will be messy, speakers at a CMS event launching a new report said.
BW Energy sets out IPO pricing
BW Energy expects to price shares in its IPO at 34.2-36.6 Norwegian krone ($3.74-4), valuing the company at $700-750 million.
Libya output dwindles as blockade bites
Libya’s oil production has fallen to just over 260,000 barrels per day as a result of the blockade, imposed by the Libyan National Army (LNA).
Marathon talks the talk in Equatorial Guinea
Marathon Oil has stepped up its plans for Equatorial Guinea, targeting the delivery of first gas from the Alen backfill project by the end of 2020.
Orca opts for dividend over sale
Tanzanian gas producer Orca Exploration has said it intends to continue on its own, following a failed bid by Swala Energy, and will return cash to shareholders in line with its new strategy.
Libya’s well-timed oil blockade
The Libyan National Army’s (LNA) decision to halt exports from a number of ports brings more pressure to bear on the Tripoli-based Government of National Accord (GNA) but does little to upset the international oil market.