Africa Oil & Gas

United Oil & Gas announces spudding of the ASD-1X exploration well, Egypt

03-08-2021 | 08:35:15
United Oil & Gas PLC, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets has announced the spudding of the ASD-1X exploration well in the Abu Sennan Licence , Egypt.

Libya receives two new oil tankers

03-08-2021 | 06:41:00
Libya, which has been rocked by nearly a decade of political conflict, is gradually introducing more optimized management of its marine oil transport sector to stimulate its economy.

Gulf Capital exits investment in ECDC, Middle East and Africa oil & gas company

03-05-2021 | 13:13:00
Gulf Capital, a growth markets alternative investment firm, announced the successful and full exit of its investment in ECDC, an oil & gas drilling and production services provider in the Middle East and Africa.

[Egypt] SDX Energy extends West Gharib PSA for ten years to 2031

03-05-2021 | 12:47:12
SDX Energy announced it has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031.

TDI-Brooks completes two EBS programs offshore Angola

03-05-2021 | 12:26:26
TDI-Brooks International has completed Environmental Baseline Studies (EBS) for both Cabinda Gulf Oil Company (CAGBOC) for the Republic of Angola and ExxonMobil.

[Morocco] Chariot Oil & Gas signs gas market MOU

03-03-2021 | 09:23:00
Chariot Oil & Gas, the Africa focused transition energy company, has signed a memorandum of understanding along with its partner with the Ministry of Industry, Trade and Green and Digital Economy in Morocco.

Shell invests to support Nigeria’s domestic gas ambition for industrialization

03-03-2021 | 06:29:00
The Shell Petroleum Development Company of Nigeria (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic activities for gas-based industrialization.

Petredec acquires Quest Petroleum in South Africa

03-02-2021 | 12:46:00
Petredec, Liquefied Petroleum Gas (LPG) trading and shipping company, completed the acquisition of Quest Petroleum, a fuels distributor in the Eastern Cape, which will now become part of the Petrefuel Business Division in South Africa.

Tlou Energy announces update on funding for development of the Lesedi power project in Botswana

03-02-2021 | 12:18:00
Tlou Energy is focused on delivering cleaner electricity in Botswana and southern Africa using gas and solar power. The Company's first proposed development is the Lesedi Power Project in Botswana.

Chariot Oil & Gas signs gas market MoU in Morocco

03-02-2021 | 11:46:00
Chariot Oil & Gas signed a Memorandum of Understanding (MoU) along with its partner the Office National des Hydrocarbures et des Mines (ONHYM) with the Ministry of Industry, Trade and Green and Digital Economy in Morocco.

VAALCO completes acquisition of additional interest in the Etame field from Sasol, Gabon

02-26-2021 | 13:24:00
VAALCO Energy announced it has completed the previously announced acquisition of Sasol Gabon's 27.8% working interest in the Etame Marin block offshore Gabon, increasing the Company’s total working interest to 58.8%.

Equatorial Guinea leads regional gas monetization via Alen Backfill project

02-26-2021 | 10:04:51
The Alen gas monetization backfill project represents the first phase of the strategic vision to transform Equatorial Guinea into a Gas Mega Hub.

The African Energy Chamber commits to facilitate capital raising for energy projects

02-26-2021 | 05:12:58
The Investment Committee of the African Energy Chamber met for the second time since their appointment mid-last year, to set an agenda that will facilitate capital raising for energy projects in Africa.

Turboden, Siemens Energy start development of high efficient gas compressor station at GASCO in Egypt

02-25-2021 | 11:28:00
Turboden, the supplier of largest high-temperature ORC system ever built, which, coupled with 20 MWe electric motor driven (EMD) compressors supplied by Siemens Energy, is boosting the efficiency of GASCO Dahshour gas compressor station in Egypt.

UTEC wins survey work for the Coral-Sul FLNG project offshore Mozambique

02-25-2021 | 10:47:46
UTEC, a global surveying company and part of marine energy and infrastructure services group Acteon, has been awarded survey work by TechnipFMC to support the development of Coral-Sul FLNG project offshore Mozambique.
 
Features

[Column] Charné Hundermark: Regional integration at the forefront of Mozambique’s energy success

03-05-2021 | 06:23:00
As one of leading resource-rich countries in sub-Saharan Africa, Mozambique has the potential to not only significantly advance its own socioeconomic status, but also dramatically boost economic growth throughout the region.

OPEC president says oil market rebalancing, pandemic still a risk

03-03-2021 | 10:15:00
But Azevedo, Angola's minister of Mineral Resources and Petroleum, who occupies OPEC's rotating presidency, warned that any worsening of the pandemic could lead producers to tamp down output

[Column] Grace Goodrich: Digitization offers high returns for emerging gas producers like Mozambique

03-02-2021 | 11:34:28
The benefits of digital investment in the oil and gas sector are multifold: increased productivity, cost savings and improved performance all tend to follow investments in big data

[Column] NJ Ayuk: Africa should decide how to harness its natural resources especially with gas

03-02-2021 | 05:08:40
Pressure is building to phase out petroleum production in Africa to fight climate change. But harnessed strategically, Africa’s oil and gas industry can power a better future for Africa

[Column] Charné Hundermark: Local content rises to top of Mozambique’s developmental agenda

02-26-2021 | 15:00:00
Mozambique is experiencing an influx of investment across energy, agriculture, tourism, construction and mining sectors, positioning the country for transformative economic growth.

[Column] Andres Vega: Lessons from Mexico: Pushing for better oil and gas project implementation in Africa

02-18-2021 | 06:30:42
Once one of the world's biggest producers, Mexico has had a sweet and sour relationship with the upstream industry.

Pathways to faster decarbonization with gas and renewables

02-16-2021 | 11:36:33
The power sector accounts for up to 41 percent of global carbon dioxide emissions today, with Africa contributing about 2-3%.

[Column] Verner Ayukegba : Angola’s oil and gas industry can thrive alongside its rich biodiversity

02-12-2021 | 11:12:00
Last month, reports that Angola was drafting legislation to permit oil, gas and mining activities in 14 national conservation areas, including the Luengue-Luiana National Park.

Africa and Americas host most of top 30 high-impact wells for 2021, Rystad analysis

02-09-2021 | 12:46:00
Drilling of high-impact oil and gas prospects in 2020 suffered at the hands of the global pandemic, but the overall results were nevertheless positive, a Rystad Energy analysis reveals.

[Column] Rajnish Aubeelucka: Mauritius oil spill: Our oceans need more than protection, they need investment

01-29-2021 | 06:35:00
Usually bustling with sunburnt tourists, beaches on the island of Mauritius are empty this year. COVID-19 forced Mauritius to close its borders to tourists in March 2020, then another disaster struck.

[Column] James Chester: Clarity on Petroleum Bill needed to drive growth

01-27-2021 | 10:37:27
A lot has changed in the past year. One thing that has remained constant is the state of stasis of South Africa’s new petroleum code.

New U.S. administration must double down on engagements with African energy opportunities

01-22-2021 | 06:08:52
With a rapidly growing, increasingly urbanized population – and associated needs for energy and infrastructure development – the African continent should be at the forefront of a U.S. investment agenda.

Senegal already produces gas, investors should look onshore

01-18-2021 | 06:45:00
Senegal is the hotspot for energy investment in West Africa right now, owing to a string of huge offshore hydrocarbons discoveries since 2014, as well as its compelling renewables potential.

[Column] NJ Ayuk: Angolan legal reforms show how Africa can use oil and gas to create jobs

01-15-2021 | 13:38:00
The restructuring of the sector, that resulted in the creation of the ANPG and the reorientation of Sonangol, is arguably one of the greatest achievements of H.E. Diamantino Pedro Azevedo, Angola’s Minister of Mineral Resources and Petroleum who was brought in to reform the sector.

[Column] Dr Leesi Gborogbosi: Cost reduction strategy in the oil industry

01-13-2021 | 07:05:04
Cost reduction strategy in the oil industry is now being adopted by oil firms as a core strategy. With global economies facing recession and wide fluctuations in energy demands, it seems low costs is becoming the safety valve for oil firms.