Osinbajo hails expected cost cuts under PIB
A number of Nigerian voices have come out in support of the Petroleum Industry Bill (PIB) this week.
E&P
Pharos cuts better deal in Egypt, seeks farm out
Pharos Energy intends to farm out its Egyptian assets, with the company hiring Jefferies to handle the process.
ReconAfrica spuds first Namibia well
Reconnaissance Energy Africa has begun drilling its first well in Namibia’s Kavango Basin.
COVID-19, hydropower drive down Orca revenues
Orca Energy sold less gas in 2020, down 8.6% year on year, as a result of COVID-19 and strong hydropower generation in Tanzania.
Senegal sees 2023 start for BP-backed LNG project
The Grand Tortue Ahmeyim gas field development, straddling the offshore waters of Mauritania and Senegal, is expected to produce its first gas in 2023 following delays related to the coronavirus pandemic, according to Senegal’s Oil Minister Sophie Gladima.
Victory for Metallon in Lekoil vote
Lekoil shareholders have backed Metallon Corp.’s proposed board, despite some concerns flagged by the Nigerian government.
Metallon’s move on Lekoil risks local content penalty
Zimbabwean miner Metallon Corp. faces a new challenge in its pursuit of Lekoil with possible difficulties emerging over local content in Nigeria.
Drilling restarts on Coral Sul FLNG
The Area 4 partners in Mozambique have resumed drilling on the Coral Sul project, according to regulator Instituto Nacional de Petróleo (INP).
ReconAfrica acknowledges Tsodilo Hills loss
Reconnaissance Energy Africa has confirmed that its Botswana licence no longer includes the Tsodilo Hills.
SDX starts up Sobhi flow
SDX Energy has begun producing at its Sobhi well in Egypt’s South Disouq licence, six weeks ahead of schedule.
Abu Sennan drilling programme kicks off
Kuwait Energy Egypt has begun drilling the ASH-3 well, in Egypt’s Abu Sennan licence, with work expected to take around 60 days.
Total to explore Herodotus Basin
A group led by Total has signed up to explore an offshore block in Egypt’s Herodotus Basin, in the Mediterranean Sea.
Zenith lands Tilapia, eyes SNPC collection
Zenith Energy has successfully bid for the Tilapia II licence, as the company closes out its Azerbaijani interests.
Tensions mount around ReconAfrica’s Namibia work
Unesco’s World Heritage Centre has said it is “vigilant” over plans for exploration in Namibia and Botswana.
CPC celebrates first delivery of Chadian crude
Taiwan’s CPC Corp. has celebrated the arrival of Chadian crude in its home market.
Lekoil faces fall from AIM in face of Metallon pressure
Lekoil has accused minority shareholder Metallon of attempting to seize control of the Nigerian minnow, ahead of the EGM planned for January 8.
Nigeria commissions LPG plant at Oredo
Nigerian President Muhammadu Buhari has officially inaugurated Nigerian Petroleum Development Co.’s (NPDC) integrated gas handling facility at Oredo.
Savannah cuts costs, tweaks gas sales deal
Savannah Energy has set out cost and capital expenditure cuts, while also revising a gas sales agreement in Nigeria with Lafarge Africa.
Sirte Oil hits 100,000 bpd
Sirte Oil Co. (SOC) has doubled production to 100,000 barrels per day, following work to increase well productivity.
Equatorial Guinea sets out FDI hopes for 2021
Equatorial Guinea expects foreign direct investment in 2021 could reach $1.11 billion, according to the energy ministry, while production is expected to increase.
Energean completes Edison E&P deal
Energean has closed its acquisition of Edison Exploration & Production from Edison for a total of $203 million.
FAR receives takeover offer, threatens Senegal sale
FAR has received a non-binding proposal for its potential acquisition by Remus Horizons PCC that may derail its Senegal sale.
Sasol seeks EPCm contractor for Mozambique work
Sasol Petroleum Mozambique is seeking expressions of interest for work on its PSA licence in Mozambique.
Lekoil under fire from partners, shareholders
Lekoil has received a warning that unless it pays its bills at OPL 310 its stake may be sold off, while also facing shareholder demands for board change.
Eni lines up Berkine work with solar push
Eni has struck a new deal for work in Algeria, with a focus on the Berkine Basin, under the new oil law.