Africa Oil & Gas

[Nigeria] Savannah Energy appoints finnCap and Panmure Gordon as its corporate brokers

12-03-2020 | 14:18:09
Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that it has appointed finnCap Ltd and Panmure Gordon (UK) Ltd to act as its joint corporate brokers.

Seplat Petroleum targets Nigerian teachers with STEAM training

12-03-2020 | 14:03:51
Seplat Petroleum Development Company Plc, a Nigeria energy Company, continues to make notable strides with its drive to improve the standard of education in the country, particularly for its host States.

Afreximbank signs deal with African Energy Investment Corporation to support hydrocarbon and energy sectors

12-03-2020 | 13:27:00
A framework agreement has been signed between the African Export-Import Bank (Afreximbank), the pan-African multilateral EXIM bank, and the African Energy Investment Corporation (AEICorp), an affiliated entity of the African Petroleum Producers’ Organization (APPO) that was established to support the development of Africa’s hydrocarbon and energy sectors.

Woodside pre-empts FAR's Sangomar transaction in Senegal

12-03-2020 | 13:02:00
Woodside has given notice exercising its right to pre-empt the sale by FAR to ONGC, of FAR’s entire participating interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint venture in Senegal.

Global Petroleum announces its Namibian licences update, acquires 2D seismic data

12-03-2020 | 08:16:00
Global Petroleum announced that regarding its licence PEL0094 (Block 2011A) in Namibia, the Company purchased the historic 2D seismic data in order to improve interpretation of its Marula prospect in the western part of Block 2011A.

United Oil & Gas to commence drilling at the Abu Sennan concession in Egypt

12-02-2020 | 13:03:00
United Oil & Gas, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, announced the commencement of a drilling programme on the Abu Sennan concession in Egypt.

[Nigeria] Waltersmith, UNIDO, UNECA ink deal for establishment of industrial park

12-02-2020 | 07:10:00
Waltersmith, UNIDO and UNECA have signed a technical support agreement with respect to the development of an Industrial Park by Waltersmith.

APT to develop AI solution to support offshore drilling efforts

12-02-2020 | 07:08:00
Norwegian oil services company Applied Petroleum Technology (APT) has received research funding to develop an artificial intelligence (AI) solution that can dramatically change how oil companies utilise biostratigraphic services to plan drilling programmes.

Eni reaches agreement with partners for restart of the LNG plant in Damietta, Egypt

12-02-2020 | 07:06:00
Eni has signed a series of agreements with the Arab Republic of Egypt, the EGPC, EGAS and the Spanish company Naturgy, which pave the way for the restart of the Damietta liquefaction plant in Egypt by the first quarter of 2021.

Total Nigeria advocates for local resource utilization to manage uncertainties

12-02-2020 | 06:57:03
In order to respond to the current global crisis, manage through the uncertainties and seize the identified opportunities, the Managing Director of Total E&P Nigeria Ltd, Mike Sangster has advocated for the development of Nigeria’s abundant resources before it is too late.

Middle East and Africa gas turbine market to reach $ 5006.04 million by 2027, report

12-01-2020 | 14:07:00
The gas turbine market in Middle East and Africa (MEA) is expected to grow from $ 3383.00 million in 2018 to $ 5006.04 million by 2027at a compounded annual growth rate of 4.5% from 2019 to 2027 according to a new survey by ReportLinker.

[Nigeria] Ardova inks distribution deal with Shell

12-01-2020 | 14:04:22
Shell lubricant products will be widely available in the Nigerian market following a new deal with Ardova PLC(AP).

TechnipFMC commences work on new hydrocracking complex in Egypt for ANOPC

12-01-2020 | 08:35:04
TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC).

Eni, Libya government discuss deepening cooperation on gas projects

12-01-2020 | 07:09:41
The Head of the Presidential Council of the Libyan Government of National Accord, Fayez al-Sarraj, met in Tripoli with Eni’s CEO Claudio Descalzi to discuss Eni’s continuous support to the Country for the access to energy as well as business continuity.

[Nigeria] Department of Petroleum Resources sensitizes petrol stations on environmental safety rules

12-01-2020 | 07:07:00
Mrs Roseline Wilkie, the Zonal Controller of Department of Petroleum Resources (DPR) in Imo, has advised Petrol station managers to observe environmental safety rules in their premises.
 
Features

Rystad Energy analysis shows oilfield service purchases is set to lose $340b until 2028 as peak oil is closer than ever

12-04-2020 | 08:57:00
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases value over the next eight years, a Rystad Energy analysis shows.

Off-grid solar generation could affect how Africa uses coal, natural gas for electricity

11-25-2020 | 08:19:00
In the International Energy Outlook 2020 (IEO2020), the U.S. Energy Information Administration (EIA) projects electricity generation in Africa using two cases with different assumptions about how future electricity needs are fulfilled.

Adopting competitive fiscal frameworks key to boosting investment in Africa’s oil and gas sector

11-25-2020 | 06:16:32
Without bold fiscal reforms, Africa is doomed to further loose its global market share of oil & gas investment and production.

NJ Ayuk: African countries must develop strategic fiscal policies to survive oil & gas industry changes on horizon

11-18-2020 | 14:07:37
The future of the global oil and gas industry has been a subject of great fascination and debate for decades. Since COVID-19 surfaced, there has been even more conjecture on this topic.

[Column] NJ Ayuk: COVID-19 should be a wake up call for Africa’s oil and gas industry

11-13-2020 | 06:56:15
Today, the economic winds are at our backs. There is so much we can do this year and beyond to make Africa more prosperous and hopeful.

African Energy Chamber expects LNG to prevent massive jobs destruction in Africa

11-12-2020 | 14:07:00
Despite the profound crises of 2020 which have jeopardized hundreds of thousands of jobs across Africa, the African Energy Chamber expects employment to remain strong due to ongoing capital projects sanctioned since 2018.

African Energy Chamber forecasts increased gas monetisation in latest 2021 outlook

11-11-2020 | 14:26:45
In its latest Africa Energy Outlook 2021, the African Energy Chamber forecasts increased gas monetization across the continent on the back of decarbonisation and industrialisation drive.

[Column] NJ Ayuk: Nigeria’s changing legal regime: Is Africa’s biggest oil producer within reach of a new oil law?

11-11-2020 | 10:45:58
The African Energy Chamber has published a report outlining its short-term predictions for the continent. That report identifies Nigeria as the country with the most potential for increasing hydrocarbon production.

[Column] C. Derek Campbell : Stakeholders’ engagement key to the success of Mozambique’s LNG projects

11-11-2020 | 10:43:19
The scale and enormous economic potential of Mozambique’s LNG projects constitutes a seminal effort with national, regional and global implications and visibility.

[Column] Victoria Nalule, Xiaoyi Mu: Should countries fire sell their oil & gas assets?

11-11-2020 | 10:31:50
Does the energy transition imply a total ban on fossil fuels and should countries fire sell their oil & gas assets? No, energy transition does not mean a total ban on fossil fuels.

[Column] Rubesh Doomun: What lessons can be drawn from the MV Wakashio Incident?

10-20-2020 | 06:28:52
Much ink, and oil, has already been spilled about Mauritius having to deal with an ecological catastrophe. A few weeks before, everything was operating at leisurely speed on the south-east of Mauritius.

[Column] Florival Mucave: Mozambique can realize full benefits of natural gas production

10-20-2020 | 06:24:20
For far too long, descriptions of Mozambique have contained some variation of the following: Mozambique one of the poorest Least Developed Countries in the world faces endemic droughts, floods and widespread poverty.

Oil sector fall drives down growth in west and central Africa, World Bank

10-14-2020 | 06:00:00
Economic growth will fall this year across west and central Africa due to the effects of the coronavirus pandemic, with the fortunes of major oil producing nations set to decline, according to a report from the World Bank.

Gas industry opportunities can revive Mozambique’ s special relationship with Germany

10-14-2020 | 05:47:00
Mozambique and Germany have a special relationship, that was formalised when the German Democratic Republic established diplomatic relationships with the then newly independent Republic of Mozambique in 1975.

[Column] NJ Ayuk: Nigeria’s energy industry hasn’t realized its promise 60 years after independence

10-01-2020 | 06:08:30
On Oct. 1, 1960, everything seemed possible for Nigeria: After nearly 80 years of colonialism under Great Britain, it was finally an independent nation.