Despite pipeline woes, Seplat on the up
Seplat Energy has recorded a strong increase in financial metrics, even while the company struggled to export production in the face of pipeline interruptions.
E&P
Seplat seeks pipeline work at troubled OML 53
Seplat Energy has invited companies to tender for pipeline works at its OML 53 asset as it aims to boost oil production.
Shell terminal exports resume amid Nigeria’s production slump
Exports from Shell’s Forcados oil terminal in Nigeria resumed after a 10-week interruption, offering a boost to the government amid tumbling crude production this year.
Somalia approves Coastline deal, calls for exploration well
The Somali president has approved Coastline Exploration to move ahead with its plans for the country, following a tumultuous electoral period.
Monetise, don’t merge, shareholder tells Capricorn
Capricorn Energy should abandon its proposed merger with NewMed Energy and opt instead to liquidate its assets, a shareholder has said.
UNOC defends carbon reduction plans at Lake Albert
Uganda’s oil production plans were redesigned to reduce emissions and the environmental impact, an official from the state-owned oil company has explained.
Woodside abandons Senegal follow up
Woodside Energy has plugged and abandoned a well offshore Senegal after failing to find commercial quantities of hydrocarbons.
Vaalco CEO aims for growth, mulls shareholder options
Vaalco Energy has completed the installation of new floating infrastructure off Gabon, shortly after completing its merger with TransGlobe Energy.
Afreximbank signs RBL deal with Amni, commits to energy bank
Afreximbank has agreed to provide $600 million in financing to Nigeria’s Amni International Petroleum Development.
NLNG declares force majeure on Niger Delta flooding
Nigeria LNG (NLNG) has declared force majeure as a result of flooding that disrupted upstream gas suppliers.
TotalEnergies’ Luiperd plan in the sights of protests
Two NGOs have officially launched a protest aiming to derail TotalEnergies’ plans to develop gas fields offshore South Africa.
Scirocco beats out rebel shareholders, sticks to transition strategy
Scirocco Energy has triumphed over shareholders seeking a rethink on the company’s direction and its sale of its Tanzanian asset.
Carlyle considers Gabon-focused Assala sale
Carlyle Group is preparing to sell its Gabon-focused Assala Energy, with the aim of raising $1 billion.
Shell to resume Forcados exports
Shell will resume exports from its Forcados oil terminal by the end of the month, once essential repairs are completed.
BP, Kosmos sign up to BirAllah study with eye on LNG FID
Mauritania has signed a production-sharing contract (PSC) for the BirAllah field with BP and Kosmos Energy.
Eni starts up fast-track Berkine fields with Sonatrach
Eni has started production at two gas fields in its Berkine Sud contract in Algeria.
European Parliament finding on Uganda fails democracy, Total says
The European Parliament’s criticism of oil projects in Uganda failed to “respect the fundamental principles” of democracy, TotalEnergies has said.
Nigeria’s oil woes to get worse before they get better
As Nigeria moves into election season, oil production is struggling – and it seems it will get worse before it gets better.
TransGlobe sale to Vaalco squeaks through
Shareholders of TransGlobe Energy have backed the planned sale to Vaalco Energy by 72.8%, just over the required level of 66.66%.
Loss-making oil company seeks new CEO in South Africa
South Africa’s PetroSA is taking steps to end a legacy of mismanagement and continuing annual losses as it plans a project with TotalEnergies, according to its interim chairman.
Aberdeen’s Dolphin Drilling secures contract in Nigeria worth £84m
Aberdeen-headquartered Dolphin Drilling has bagged a yearlong contract worth $96 million (£84m) for work offshore Africa.
Chevron completes deal to take stake in deepwater Namibia
Chevron has completed its farm in to a licence offshore Namibia, close to the Venus and Graff discoveries by TotalEnergies and Shell respectively.
Capterio flags Egypt for flare gas progress
Egypt continues to be a major source of flaring – but has made progress in reducing this process and further gains should be relatively straightforward argues Capterio.
Atlas cries foul at Vaalco’s Venus plan
Nigeria’s Atlas Petroleum International has objected to Vaalco Energy’s announced plans to develop the Venus field, in Equatorial Guinea.
Sonatrach signs off on Petrofac EPC work, progresses gas sales
Sonatrach has confirmed a major construction contract with Petrofac, while moving ahead on gas negotiations with European offtakers.