Save the world, shrink the majors, new report says
The seven majors must cut production by 35% by 2040, and emissions by 40%, if the world is to warm by only 1.6 degrees Celsius, according to a new report from Carbon Tracker Initiative.
Nigeria’s royalty move to choke off supply, group warns
A new bill increasing taxation on Nigeria’s oil industry would drive a decline in deepwater production of around 20% by 2023, industry group Oil Producer Trade Section (OPTS) has said.
Gabon dishes out exploration work
Gabon has signed a number of new exploration licences, while also extending production licences.
BW doubles up Gabonese production plans
BW Offshore plans to double production from the first phase of the Ruche development to 30,000 barrels per day.
Sound lines up Moroccan gas sales plan with ONEE
Sound Energy has struck a preliminary deal on the sale of its gas production from Morocco’s Tendrara concession with the state power company, Office National de l'Electricité et de l'Eau Potable (ONEE).
Upfront costs rise on Senegal’s SNE
Developing the SNE field will require capital expenditure of around $4.2 billion, a presentation by Australia’s FAR has said, versus the previous projection of $3bn.
Delfin LNG eyes FID for 2020
Delfin Midstream is moving ahead with front-end engineering and design (FEED) work on its Delfin LNG scheme.
Bourbon commits to cost cuts for Total in Angola
Bourbon has signed a three-year agreement with Total on cost cuts, through technological innovation, for operations offshore Angola.
Thi Vai work begins in Vietnam
Construction has begun at the Thi Vai regasification terminal in Vietnam.
Seplat cuts production hopes
Seplat Petroleum’s production slipped during the first nine months of 2019 versus the same period in 2018, although profit increased substantially.
Sempra, Mitsui sketch out LNG extension
Sempra Energy has signed a memorandum of understanding (MoU) on Mitsui & Co. potentially entering LNG projects in the US and Mexico.
Renergen chooses builder for South African LNG, helium plant
Renergen has appointed a Chinese company to carry out construction of a planned small-scale liquefaction plant in South Africa.
Armour rained out in Uganda
Australia-listed Armour Energy has suspended work on its 2D seismic shoot in Uganda as heavy rains have made work impossible.
Sasol sacrifices co-CEOs to Lake Charles disaster
Sasol and its join CEOs, Bongani Nqwababa and Stephen Cornell, will part company as of October 31 following the company’s misjudged investment in a multi-billion dollar gas facility in the US.
The place for gas in South Africa’s energy plans
The South African government has published its Integrated Resource Plan (IRP) with the aim of setting out the country’s future energy mix.
Fast-track times for Eni in Egypt
Reporting success in Egypt’s Gulf of Suez, Eni has said it expects production to begin imminently.
SDX kicks off Moroccan well push
SDX Energy has begun its 12-well campaign in Morocco, targeting 15 billion cubic feet (425 million cubic metres) of gross resources.
Glencore ups production with Cameroon start
Glencore’s oil production has risen 8% during the first three quarters of the year over the same period in 2018.
Russia meets Africa at Sochi
A number of African states are in the process of visiting Sochi, largely in the hope of signing deals for new investment.
Eni burnishes credentials with Obiafu 41 start
Eni has begun producing gas and condensate from its Obiafu 41 find, with output going to the domestic power market.
French NGOs pressure Total over Uganda work
A group of NGOs has filed in a French court to compel Total to disclose details of its human rights and environmental plans in Uganda.
Yamal LNG shipping venture cleared from US sanctions
A Teekay and COSCO joint venture operating LNG tankers serving Yamal LNG has been cleared to resume operations.
P&ID sees red over Nigerian moves
The Nigerian government is said to be seeking the arrest, via Interpol, of two directors from Process and Industrial Developments (P&ID), an Irish company with which it is locked in a legal battle.
PIB’s part in the Nigerian puzzle
Nigerian President Muhammadu Buhari has set out a plan of passing legislation overhauling the country’s hydrocarbon industry by the end of 2020.
Brookfield buying into Cove Point LNG
Brookfield Asset Management is to buy a 25% stake in Cove Point LNG for just over $2 billion in cash.