Equatorial Guinea dishes out study work
Equatorial Guinea has awarded Nexant the feasibility study on a new formaldehyde plant at Punta Europa and work to develop a Gas Master Plan to Gas Strategies.
Nigeria
Mixed marginal field talk in Nigeria
Nigeria’s Department of Petroleum Resources (DPR) has denied reports that a new set of guidelines has been issued for marginal fields.
Saipem firms up NLNG construction win
Nigeria LNG has awarded an engineering, procurement and construction (EPC) contract for a seventh train, worth more than $4 billion.
COPL in last-ditch financing talks
Canadian Overseas Petroleum (COPL) is experiencing liquidity woes to the point that it does not have sufficient cash to continue operations.
Nigeria feels the pinch
Nigeria is under particular strain as a result of the low oil price crisis, industry participants said during a webinar, demonstrated by a government decision to plan for $20 per barrel oil.
Audits and investigations on Niger Delta spending
Nigerian President Muhammadu Buhari’s decision to extend the executive of the Niger Delta Development Commission (NDDC), until the end of the year, has been met with varying responses.
Finding the “new norms” in the post-COVID supply chain
Coronavirus looks set to have a continued impact on energy demand beyond the near term and supply chains must become more adaptable in order to navigate the uncertain future, writes Andy Laven, COO of Sahara Energy Resources DMCC
Nigeria and Angola face oil price squeeze
Nigeria and Angola face particular pressures as a result of the oil price crash, a new report from Verisk Maplecroft has warned.
Savannah cashes in on Nigerian gas work
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
Seplat ups spending, delays ANOH start
Seplat Petroleum’s revenue fell to $130 million in the first quarter, down 18%, with the company blaming an under lift of oil and lower prices.
VFuels wins Malabo modular refinery study
Equatorial Guinea has awarded a feasibility study on a proposed modular refinery, in Punta Europa, to VFuels Oil & Gas Engineering.
Efora’s pan-African outlook
Efora Energy sees its future as balanced between the exploration assets, where it began, and the fuel supply side, where it has focused in recent times.
Nigeria faces involuntary output cuts
Nigeria is moving towards production cuts as a result of a lack of local storage and inability to sell cargoes.
ExxonMobil workers freed in Nigeria
Rivers State has released the group of ExxonMobil employees it accused of entering the state in defiance of the lockdown intended to prevent the spread of coronavirus.
Nigeria’s banner oil hits $12, millions of barrels remain unsold
The real oil market is killing Nigeria.
Piracy on the rise in Gulf of Guinea
Piracy increased in the first quarter of 2020, with the Gulf of Guinea continuing to hold its position as the most dangerous waters in the world.
Fudging the OPEC+ deal numbers
“Baselines matter” is one takeaway from the deal brokered over the weekend to save the market.
San Leon sees OML 18 cash roll in
San Leon Energy has received $40 million under its loan notes agreement in Nigeria, while changing the terms of its lending.
Dubai Petroleum drops second rig
Dubai Petroleum is ending its second rig contract with Shelf Drilling, which had been working in the United Arab Emirates.
Essar Mauritius fires off suit at ShoreCan
Essar Exploration & Production (Mauritius) has filed an “opportunistic” complaint in the UK against a Nigerian joint venture, Shoreline Canadian Overseas Petroleum Development, known as ShoreCan.
DPR imposes worker limits
Nigeria’s Department of Petroleum Resources (DPR) has ordered companies to limit the number of personnel at sites, in line with a directive from Nigerian President Muhammadu Buhari.
Pandemic postpones Africa E&P
The Africa E&P Summit, which had been due to be held on May 20-21, has been pushed back to October 21-22.
Update: Nigeria bullish on P&ID pursuit
Nigeria appears to sense an opportunity in its legal wranglings with P&ID given an alleged lack of response to the government’s allegations of fraud in an English court.
Production shut ins and negative pricing loom
Weak demand will drive production shut ins this quarter, IHS Markit’s vice president Aaron Brady told Energy Voice, as storage options are limited.
Price drop puts the squeeze on African projects
Many new projects in Africa will be delayed as a result of the oil price drop, Rystad Energy has said.