Uganda seeks new refinery backers
The ministry had expected a final investment decision (FID) on the $4.5 billion Hoima facility by the end of June. The aim was for the facility to be ready for first oil from the Lake Albert fields in late 2025.
Pipelines
Technip FMC, Technip Energies settle French investigation
The company then self reported to the French authorities. The PNF investigation focused on the two West African states and then expanded into work in Angola.
TotalEnergies’ London office vandalised in EACOP protest
“Many financial institutions have refused to underwrite this project and if TotalEnergies backs off, the government of Uganda would have a hard time funding this project, so we can win."
South Sudan faces headwinds from Sudanese conflict
“It has not been as easy as it used to be. We need to reach out to other countries like Kenya,” he said.
Militant points oil theft finger at Nigeria’s military
“There are notorious navy commanders known to be kingpins in this business.”
Niger-Benin pipeline on track for 2023
R3 should provide around 5,000 barrels per day of production for Savannah, with plateau running for eight years.
Cameroon asks Chad for greater COTCO stake
Chad should transfer a 20% stake in COTCO to SNH, the chairman said. This would reduce Chad’s share from 53% to 33.77%, while Cameroon would have 35.17%. Cameroon President Paul Biya backed such a redistribution, he said.
Chad seizes control of COTCO, halts dividends to Savannah
Chad has said it is holding talks with Cameroon on increasing stakes in COTCO and how to share management.
SMBC follows StanChart, disavows EACOP role
The NGO called on EACOP’s other two financial advisors, Standard Bank and the International Commercial Bank of China (ICBC), to drop the project.
Barclays analysts hit by bias claim in report about controversial pipeline
A group of nonprofits is pushing Barclays Plc to retract an analyst research note they claim amounts to a “whitewash” of the environmental and social impact of an African oil pipeline being developed by companies including TotalEnergies SE.
Perenco sets out Gabon gas-to-power growth plans
Signing the MoU in early April, Gabon said Perenco was investing around $40 million in infrastructure. Gabon Power will put in around $84mn.
NOC shuts down Mellitah for maintenance
NOC said it had made “all necessary arrangements” to make up for the loss of gas during the downtime.
Chad pulls ambassador from Cameroon over Savannah deal
A letter, signed by the Chadian president’s secretary general, Gali Ngothe Gatta, said a number of “Cameroonian personalities” had flocked to Savannah. The company and its backers were interfering with Chadian officials, he said.
Savannah sells down Cameroon pipe stake to SNH
SNH and Savannah Midstream also pledged to support each other as shareholders in COTCo.
Sudan conflict risks oil export squeeze
OilX had expected loadings to rise to 135,000 bpd in May, but “this is now at risk”, he said. “If the fighting continues and damages oil infrastructure then these are the volumes that would be at risk”.
Chad rejects Savannah, claims gross breach of contract
The country attributed increased production to “local Chadian managers who were no longer restrained by ExxonMobil’s pre-exit policies”.
Savannah counts the cost of Chad nationalisation
The Niger-Benin export pipeline will serve to unlock developments in Niger. The line is 75% complete, Savannah reported, and should be fully operational in the fourth quarter of this year.
Marathon’s West African hub plan takes shape
As of January 1, 2024, LNG produced from the Alba field “will be sold into the global LNG market, which is expected to drive a significant financial uplift for our company given the material arbitrage between Henry Hub and global LNG pricing”.
Savannah battered by Chad, focuses on South Sudan
At the same time that Savannah was announcing the cancellation of its deal to buy the Petronas assets in Chad, it set out an even more ambitious plan with the Malaysian company.
Chad derails Savannah’s hopes on Exxon assets
The move by Chad came despite the fact that Savannah had reversed production decline, the company said. Production reached 29,349 barrels per day since December 9, it said, up by 9%.
FGE warns of reduced Bonny loading on pipeline explosion
The number of spills fell in 2022, in part because of the shut down of exports through the Trans Niger Pipeline (TNP). The TNP runs to the Bonny terminal.
French court sides with Total over duty of vigilance in Uganda, Tanzania
While the court found against them, the six organisations appear determined to continue their legal fight. “We will continue to work harder than ever in the courts and elsewhere”, Kamugisha said.
Oil buoys Seplat, but pipelines and politics pose problems
Last year, theft on the Nembe Creek Trunk Line (NCTL) and Trans Niger Pipeline ranged from 30% to 90%.
San Leon denies NNPC, Sahara move on OML 18
It did though note that “armed and unknown men” had forcibly evicted Eroton staff from the Alakiri gas plant on February 24. These men claimed to represent OML 18 Energy Resource, a subsidiary of Sahara Group.
Tanzania approves EACOP construction as protests target financiers
"We urge Standard Bank and SMBC to reconsider their involvement in the East African Crude Oil Pipeline,” said Baraka Lenga, climate change activist based in Tanzania.