McKinsey warns of African shortfall amid energy transition risks
The energy transition is throwing up particular challenges for Africa, not least in terms of access to the skills and capital needed to meet future demand.
E&P
TotalEnergies signs up Tungsten Explorer for West Africa work
Vantage Drilling International has struck a deal to provide its Tungsten Explorer to TotalEnergies for at least 225 days.
Perenco strikes Etinde deal with New Age
Perenco has signed a deal to buy the Etinde stake held by New Age (African Global Energy) for an undisclosed amount, junior partner in the project Bowleven has said.
Renergen celebrates $500mn DFC nibble
Renergen has signed an initial agreement with US International Development Finance Corp. (DFC) for a loan of up to $500 million.
PTTEP, Sonatrach fire up Hassi Bir Rekaiz
Sonatrach and Thailand’s PTT Exploration and Production (PTTEP) have produced the first crude from the Hassi Bir Rekaiz licence in Algeria.
Mubadala leans on gas to hit the 500,000 boepd mark
Abu Dhabi’s Mubadala Petroleum has reached 500,000 barrels of oil equivalent per day, for the first time in its history.
IHS sketches out development plans for Africa’s Atlantic discoveries
Major deepwater discoveries will require major project developments to commercialise, with gas playing a crucial role, analysts from IHS Markit have said during a recent webinar, in association with the African Energy Chamber.
Capricorn, Tullow to link up in merger of equals
Tullow Oil (LON:TLW) and Capricorn Energy (LON:CNE) have set out a plan to merge into a single London-listed African powerhouse.
Repsol nears exploration drilling in Libya
Repsol plans to launch exploration in Libya in the third quarter, according to comments made during a recent meeting with National Oil Corp. (NOC).
Shell seismic hearing begins in South Africa
Shell is having its day in court in South Africa in the matter of its offshore seismic plans, while facing an onslaught of environmental protests.
Sonatrach signs Sinopec deal, launches pipeline monitoring
Sonatrach has signed a production-sharing contract (PSC) with Sinopec on the Zarzaitine concession, in the Illizi Basin.
Angola sets out its stall in bid to boost production
Angola is determined to increase energy production and, judging from the wave of independents signed up to take on Sonangol stakes, seems well positioned.
Shell issues tenders for major Nigerian deepwater addition
Shell has issued three engineering, procurement and construction (EPC) tenders for companies to participate in the 120,000 barrel per day Bonga North development in Nigeria.
Eni, Sonatrach agree on fast-track gas developments
Eni and Sonatrach have signed a memorandum of understanding (MoU) on accelerating gas plans and a move towards green hydrogen.
Technip Energies signs on to gas plans with COS Petrogaz
Technip Energies has signed a memorandum of understanding (MoU) with Senegal’s COS Petrogaz on LNG and decarbonisation.
Exxon signs up Maersk Supply Service ahead of Angola drilling
ExxonMobil has awarded Maersk Supply Service work supporting drilling and production offshore Angola, in Block 15.
Invictus firms up Baker Hughes drilling deal
Invictus Energy has signed a binding well services contract with Baker Hughes for drilling in Zimbabwe, following a capital raise.
Petrodel aims to reach Tanzanian gas production in 2025
Nigeria’s Petrodel Resources has dusted off its Tanzanian licences and announced a plan to return to the East African state.
Mauritania sets out strategic path to hydrogen
Mauritania has signed on to support three hydrogen projects, including Chariot’s Nour plan, at a strategic meeting.
SDX agrees sale to Canada’s Tenaz
SDX Energy has struck a deal to sell itself to Canadian-listed Tenaz Energy for £21.4 million in an all-share offer.
ReconAfrica, Invictus near launch of drilling
Reconnaissance Energy Africa and Invictus Energy are both nearing drilling, as they seek to prove up onshore hopes around Namibia and Zimbabwe respectively.
Exploration is back on the menu in Africa, with big finds and strong prices
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Sanalla makes pitch for investment as US backs oil cash flow freeze
The head of Libya’s National Oil Corp. (NOC) has highlighted the North African country’s role in meeting Europe’s energy security needs and downplayed the risks.
Lekoil loses its AIM, heads for new exchange
Conflicted Nigerian minnow Lekoil is dropping out of London’s AIM for good on May 18. It will shift to the Access segment of the AQSE Growth Market.
TotalEnergies readies for Nigeria drilling
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.