Nigeria, Morocco double down on mega pipeline project
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
Pipelines
European Parliament slates EACOP, Lake Albert plans
The European Parliament has criticised a proposed East African pipeline, calling for TotalEnergies to consider an alternative route.
Nigeria falls behind as output slips under 1mn bpd
Nigeria’s oil production has slipped below the 1 million barrel per day mark, according to new data from the upstream regulator. The decline in August has seen Nigeria fall to fourth largest producer in Africa, from first.
IsDB stumps up financing support for contested Ugandan pipe
The Islamic Development Bank (IsDB) has stepped up to provide $100 million of financing for the East African Crude Oil Pipeline (EACOP).
Zambia talks oil with Saudi, as IMF steps in to support plans
Zambia is in talks with Saudi Arabia to secure fuel supplies, while also seeking support from the International Monetary Fund (IMF).
Chariot signs tie-in deal with GME pipe
Chariot has signed a pipeline tie-in agreement with state-owned Office National des Hydrocarbures et des Mines (ONHYM) in Morocco.
TotalEnergies takes step toward production in South Africa
TotalEnergies has submitted an application to convert its exploration right offshore South Africa into a production right.
African ministers talk up long-term gas plans at Senegal event
African ministers have put the case forward for gas, both as an export commodity and a domestic enabler, with an eye on the upcoming COP27.
Emissions versus development debate threatens EACOP
Oil companies and environmentalist activists see the same world in wholly differing ways. Rarely is this divide as stark as in discussions around the East African Crude Oil Pipeline (EACOP).
One of world’s most polluted spots gets worse as $1bn cleanup drags on
In the more than a quarter century since Shell Plc left Ogoniland in southern Nigeria, oil has continued to ooze from dormant wellheads and active pipelines, leaving the 386-square mile kingdom’s wetlands shimmering with a greasy rainbow sheen, its once-lush mangroves coated in crude, well-water smelling of benzene and farmlands charred and barren.
Japan signals African energy support at Tunis meeting
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
Delayed Dangote launch to end Nigeria’s fuel imports, Kyari says
The major Dangote Refinery project, near Lagos, will come on stream “latest by the middle of next year”, Nigerian National Petroleum Corp. (NNPC) head Mele Kyari has said.
Militants object to security contract handout in Nigeria
Nigeria’s attempts to tackle its oil theft problem have seen a new deal signed with a former leading militant – but the move has sparked protests.
NOC secures investment pledges from Eni, TotalEnergies
Libya’s National Oil Corp. (NOC) chairman Farhat Bengdara has visited the heads of Eni and TotalEnergies in their home offices, seeking new investments.
Shell, Exxon, others to end billion dollar Nigerian lawsuits
Shell, ExxonMobil, Chevron and Equinor plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deep-water oil production in Africa’s largest crude producer.
Sasol posts major increase, to pay record dividend
Sasol has reported adjusted EBITDA up 48% for its financial year, ending on June 30.
Chevron, NewMed work on gas export options from Israel
Chevron and partners are keen to increase gas exports to Israel’s neighbours and have made a bid to secure all capacity in a proposed pipeline to Egypt.
Libya reaches 1.2mn bpd, with longer-term goal ahead
Libya reached production of 1.211 million barrels per day as of August 16, a near doubling from reported volumes in July.
NOC mollifies southern leaders, Zallaf talks up relocation
National Oil Corp.’s (NOC) Zallaf Exploration and Production subsidiary is making plans to relocate its headquarters to the country’s south.
Savannah strikes Notore gas supply deal
Savannah Energy has signed another gas sales agreement in Nigeria with Notore Chemical Industries.
Ghana nearing construction on new Takoradi-Tema link
Ghana Gas will begin building a 290 km gas pipeline, with eight distribution centres, a politician has said.
Buhari backtracks on Seplat support for Exxon deal
Nigerian President Muhammadu Buhari has reversed his support for Seplat Energy to acquire ExxonMobil’s local joint venture, in apparent recognition of the regulator’s objections.
Seplat reports commercial flows through Amukpe-Escravos pipeline
Seplat Energy said it has begun commercial injection of crude oil through the Amukpe-Escravos pipeline.
Seplat boosts profits, keeps faith on Exxon deal
Seplat Energy has boost profits among higher production, with the company staying confident on its planned purchase of ExxonMobil’s local Nigerian unit.
Eni, ANPG reach greenlight for first gas development in Angola
A group of foreign investors in Angola have taken the final investment decision (FID) on the New Gas Consortium, paving the way for more gas deliveries to the Angola LNG plant.