Nakilat buys out International Seaways
Nakilat has bought the outstanding 49.9% stake in a joint venture it had with International Seaways for $123 million in cash.
Equatorial Guinea pitches for investment
Equatorial Guinea is pioneering developments in gas trading around West Africa with plans for a first regasification facility and political initiatives.
GECF concerned as sanctions threaten Yamal LNG expansion
The Gas Exporting Countries Forum (GECF) has expressed “deep concern” about sanctions in the gas sector, the group has said after a meeting in Moscow.
Hibiscus sidetrack flowers for BW
BW Offshore’s work on the Hibiscus find suggests it may hold 40-50 million barrels, up from the initial estimate of 12mn barrels.
Libya’s NOC warns of coming revenue squeeze
Revenues from Libya’s oil are falling, the National Oil Corp. (NOC) has said, and may fall “precipitously” if the government does not cover the agreed budget.
Updated: DoJ ends Eni scrutiny over OPL 245, Algeria
The US Department of Justice (DoJ) has ended its investigation of Eni over the OPL 245 affair and Algeria, the Italian company has said, without taking any further action.
Engen’s IPO plans amid South African pressure
Plans are afoot for an initial public offering (IPO) of South Africa’s Engen, which might provide a rare bright spot in the country’s institutional outlook.
Buhari backs oil law changes
Nigerian President Muhammadu Buhari has said the country will soon pass the Petroleum Industry Bill (PIB), various versions of which have been in the offing for more than 10 years.
Energean FPSO undocks in China
The Energean Power hull has undocked from the COSCO shipyard, in Zhoushan, China, and floated out.
Petronas signs up LNG bunkering with Avenir
Petronas has chartered an LNG bunkering vessel in Malaysia, under a deal with Avenir LNG.
Carlyle backs Boru in Africa plunge
The Carlyle Group is backing a new sub-Saharan Africa focused company through a partnership with Aidan Heavy and Tom Hickey.
Integration against an uncertain world
Oil prices spiked as a result of the mid-September attack on Saudi Arabia’s production facilities but have since fallen back.
Rivers makes OML 11 move
The Rivers State government claims to have bought Shell Petroleum Development Co.’s (SPDC) 45% stake in OML 11, part of the Ogoniland, in execution of a legal ruling.
Nigerian pipeline problems drive hunt for alternatives
Losses and downtime from Nigeria’s OML 18 have reached 32% of production, San Leon Energy has reported in its half-year results.
GMS battles forward
Gulf Marine Services (GMS) has made progress in shoring up its future but much rests on its negotiations with lenders.
Obiang’s cars sold in Geneva
A collection of supercars that had been owned by Equatoguinean Vice President Teodorin Nguema Obiang has been sold at auction in Geneva.
Total ticks off Mozambique LNG
Total has closed its purchase of Anadarko Petroleum’s 26.5% stake in the Mozambique LNG project.
Solo plans European reorientation
London-listed Solo Oil is cutting assets it no longer sees a future in and shaking up its personnel, in part of its drive to become a mid-cap exploration and production company.
Congo probe reaches Eni’s Descalzi
Eni’s CEO Claudio Descalzi is under investigation over a potential conflict of interest in Congo Brazzaville.
Uganda keeps oil industry hopes alive
Uganda and Tanzania are pushing ahead with their plans for the East African Crude Oil Pipeline (EACOP) despite Total’s decision to put work on hold, following the breakdown of talks on the sale of Tullow Oil’s Ugandan stakes.
Japanese backers for Novatek’s transhipment plans
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
Ghana, Cote d’Ivoire come closer
Ghana has set out a proposal on how to develop potential cross-border resources with its neighbour, Cote d’Ivoire.
Sonatrach reaches out to Chevron
Algeria’s state-owned Sonatrach has held talks with Chevron this week, with technical workshops held in order to consider joint opportunities.
Chariot offers up opportunities, big and small
Chariot Oil & Gas is covered for its near-term work commitments but to step ahead it must sign up partners for its various projects.
Total sets out cautious stance
Total’s investor presentation walked a fine line between commitments to new projects and steps to secure the confidence of investors.