IOC signs on to support Ghana’s LPG push
Indian Oil Corp. (IOC) has signed a memorandum of understanding (MoU) with Ghana’s National Petroleum Authority (NPA) on the implementation of an LPG policy.
New man takes on PetroSA’s challenges
PetroSA has appointed Pragasen Naidoo to serve as the company’s CEO, a position that has been held on a temporary basis since 2014.
Tullow, Total start sale of partial stakes in Kenya oil fields
Tullow Oil and Total have started the process to sell part of their stakes in oil discoveries in Kenya, said people familiar with the matter.
Total signs on for Nigerian LNG
Total Gas & Power has signed a sales and purchase agreement (SPA) with Nigeria LNG (NLNG) for 1.5 million tonnes per year.
ADM plans intermediary role
ADM Energy has set out plans to secure deals in Nigeria and Africa, matching under-developed assets with new sources of financing, including oil traders.
Glencore lines up to take FAR’s Sangomar crude
Australia’s FAR has signed a deal to allocate its share of crude from Senegal’s Sangomar field to Glencore Energy.
ASH success underscores United’s Egypt move
United Oil & Gas’ purchase of Rockhopper Exploration’s stake in Egypt’s Abu Sennan licence has been pushed back, but the results from a recent well make clear the rationale behind the deal.
Vaalco output rises on continued Gabonese success
Texas-based Vaalco Energy’s production in Gabon is more than 6,000 barrels per day of oil, up 73% from its 2019 average.
Egypt to Reduce LNG Cargoes for Sale as Gas Prices Plummet
Egypt is planning to reduce the number of spot liquefied natural gas cargoes it offers and to negotiate long-term sales deals with customers instead, because of plummeting prices.
SDX drills ahead in Egypt, Morocco
SDX Energy is set for a year of growth, although there are some concerns about impairments that might see it relinquish one of its longest-term producing assets.
Insurance out of step with African piracy risk
Higher insurance premiums for maritime work in the Indian Ocean is out of step with reality, according to Dryad Global’s annual report.
Egypt signs off on exploration commitments
Egypt has signed deals with four companies for exploration in the Western Desert and Mediterranean Sea.
Lekoil wins time following QIA scam
Lekoil has won some breathing space at OPL 310 where it had been due to stump up some cash in February that it could ill afford following a botched financing deal.
Oil investing in a carbon-averse world
The world continues to need investment in the oil and gas sector, according to most forecasts, but this is an increasingly difficult pitch for investors given concerns over carbon emissions.
BP lines up additional Angolan exploration
The Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has signed two deals with BP, on the sidelines of the UK-Africa Investment Summit in London.
Noroil signs up for Sudanese work
Norway’s Noroil has signed up to work on Block 17, in West Kordofan, according to the Sudanese Ministry of Energy and Mining.
Lagos pipeline explosion blamed on thieves
An explosion in a Lagos neighbourhood has been extinguished, but it has left five dead, according to local reports.
Angolan leaks put Isabel dos Santos in the crosshairs
The disclosure of a cache of company information has brought further scrutiny to Isabel dos Santos, who is already under investigation in Angola.
Equatorial Guinea plans modular refinery move
Equatorial Guinea has expressed interest in emulating Nigeria’s modular refinery initiative, led by Waltersmith Petroleum.
Libyan output reduced to near zero
As world powers met in Berlin to hash out a way forward in Libya, local pressures in the North African state took virtually all of its oil production offline.
Eni fires up Agogo fast track off Angola
Eni’s Agogo field has begun producing, a statement from Angola’s Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has said.
Libya tots up oil earnings
While high-level meetings continue in trying to bring some sort of resolution to Libya’s conflict, the National Oil Corp. (NOC) has continued producing hydrocarbons and its commitment to transparency.
Morocco investigates Vitol’s Vivo unit
Vivo Energy has acknowledged it is being investigated in Morocco over its part in the country’s fuel retail sector.
US-China deal provides boost for energy exports
A deal by the US and China goes some way to ending the two-year trade war, with particular support in the agreement for agriculture and energy exports.
Israeli gas flows into Egypt
Gas exports from Israel’s Leviathan field to Egypt began on January 15.