Sasol, an international integrated chemicals and energy company announced that it is not divesting its downstream fuel retail business as part of its ongoing asset disposal process.
The Nigerian Content Development and Monitoring Board (NCDMB) has launched BrentPlus, a series of initiatives that will stimulate innovations in the oil and gas industry.
The Covid-19 pandemic has set in motion the largest drop in global energy investment in history, with spending expected to plunge in every major sector this year from fossil fuels to renewables and efficiency, the IEA said in a new report.
A Fugro vessel heading from the Netherlands to South Africa has made a 10-day detour to support Ifremer, the French Research Institute for Exploitation of the Sea, in monitoring a giant active underwater volcano off the east coast of Africa.
Marine geophysical firm PGS released a new 900 sq. km multi-azimuth GeoStreamer 3D seismic survey, providing increased resolution and sharper imaging of prolific Upper Cretaceous plays in Côte d'Ivoire block CI-706.
BP announced the appointment of Karim Alaa as the incoming Senior Vice President for North Africa, effective 1 July 2020, following the retirement of Hesham Mekawi.
With an economic recession expected at -1.4 per cent by IMF this year, Angola is expected to be less hit than its immediate neighbours or than the rest of African oil-producing countries.
TDI-Brooks International has under contracts to TGS, completed the offshore multibeam phase offshore the Niger Delta.
Africa Oil & Power (AOP) has pledged its commitment to the ‘Equal by 30’ campaign to advance the participation of women in the clean energy transition.
Qatar Petroleum entered into a farm-in agreement with Total to acquire a 45% participating interest in blocks CI-705 and CI-706, located in the Ivorian-Tano basin, offshore the Republic of Côte d'Ivoire.
Total has discontinued the acquisition of Occidental Petroleum’s Anadarko assets in Ghana.
Saipem, in joint venture with Daewoo E&C Co. and Chiyoda Corporation (SCD JV), has been awarded by Nigeria LNG Limited the contracts for the Engineering, Procurement & Construction of the Nigeria LNG Train 7 Project.
EXIM approves amended financing of U.S. exports to Mozambique LNG project, support more U.S. jobs in additional states
The BOD of the EXIM unanimously voted to amend the agency’s previously approved September 2019 direct loan supporting U.S. exports for the development and construction of an integrated LNG project in Mozambique.
Shell Gas B.V., a subsidiary of Royal Dutch Shell plc, has announced that all conditions for its Final Investment Decision (FID) on a new LNG processing unit at Nigeria LNG have now been met.
Equatorial Guinea continues to lead the development of natural gas production and monetization in the Gulf of Guinea, with the award of a new contract for a new Gas Master Plan.
PetroNor announces that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence.
PSW Group announces its capping stack division has completed its first international operation for a deepwater well offshore Egypt.
BW Energy announced that it had managed to keep part of its operations on the Dussafu Marin block in Gabon, with four wells producing crude oil to the floating production, storage and unloading unit BW Adolo at a rate of around 17,500 barrels.
Subsidiaries of JSC Rosgeo, JSC Zarubezhgeologiya and JSC Yuzhmorgeologiya, signed contracts with the Ministry of Mining and Hydrocarbons of Equatorial Guinea for the first stage of work on seismic studies in Equatorial Guinea.
In line with its strategy of actively managing its asset portfolio and its objective to divest $5 billion on years 2019-2020, Total is pursuing the divestments of several non-core assets.
The African Energy Chamber has become a signatory to the Equal by 30 Campaign which calls for equal pay, equal leadership and equal opportunities for women in the clean energy sector by 2030.
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this spring.
Oceanteam announced the completion of Bourbon Oceanteam 101 charter agreement in Angola.
Neptune Energy announced the successful completion of an ocean bottom nodes (OBN) multiclient survey in the North West El Amal block, offshore Egypt, delivering promising results for further analysis.
World food commodity prices declined for the third month in a row during April, as the economic and logistical impacts of the COVID-19 pandemic resulted in significant contractions in demand for many commodities.
Equatorial Guinea has signed a new Ministerial Order extending all exploration blocks across its sedimentary basin for two years.
The High Court sitting in Nakuru ordered Rayan Logistics Limited, a transporter, to pay KRA Kshs.3, 954,673 in respect of export petroleum products that was consumed in Kenya.
BP, a multinational oil and gas company announced that Hesham Mekawi, Regional President, North Africa, has decided to retire.
[South Africa] Sasol to implement additional cash conservation measures amid continued market volatility
Sasol announced that it was implementing additional cash conservation measures to provide a further buffer against short term volatility due to the continued negative impact of COVID-19 on market demand.
The recent acquisition by Total of Tullow Oil's entire interests in the Lake Albert Development Project in Uganda marks the beginning of a new chapter for East Africa's energy industry.
OLA Energy has launched a new fuel formulation as part of its growth and rebrand strategy and the new fuel is available across the entire network of over 84 service stations in Kenya.
SDX Energy announced the successful flow rate test at Sobhi discovery well in the South Disouq Exploration Permit onshore Nile Delta, Egypt.
The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.
SONATRACH signed with ExxonMobil a Memorandum of Understanding (MoU) to initiate joint discussions on potential exploration and development opportunities in Algeria.
Total and Tullow have entered into an Agreement, through which Total shall acquire Tullow’s entire interests in Uganda Lake Albert development project including the East African Crude Oil Pipeline.
Building on nearly two decades of World Bank Group support for Côte d’Ivoire’s energy sector, MIGA has issued guarantees for the Phase 4 expansion of the Azito combined cycle gas-power plant.
Yinson announced it has completed an $800 million refinancing deal for the John Agyekum Kufuor FPSO, which was successfully drawn down on 14 April.
Zenith Energy announced it has successfully renegotiated the terms for the acquisition from Anglo African Oil & Gas (AAOG) of its fully owned subsidiary in the Republic of the Congo.
Despite its advancements over the years particularly in the oil, gas and power industries, it is no secret that Africa is still plagued with the very real issue of inefficient energy supply.
The Development Bank of Southern Africa (DBSA) announced the appointment of Mr. Tshifhiwa Bernard Magoro as the new Head of the Independent Power Producers Office (IPPO), effective 01 May 2020.
The Republics of Togo, Niger and Benin owe Nigeria a total of N29.97bn for the electricity supplied to them from January to September last year, according to the Nigerian Electricity Regulatory Commission (NERC).
The South Africa-China Economic and Trade Association (SACETA) and Africa Oil & Power (AOP) have entered a new partnership that will introduce Chinese technology, finance and know-how to a range of African projects.
Nordgold has signed an Engineering, Procurement and Construction agreement with SUMEC to design and construct a 33 megawatt power plant at its Lefa mine, one of the largest gold mines in Guinea.
AfDB rebuts claims that it plans to provide financial support to East African Crude Oil Pipeline Project
The African Development Bank (AfDB) has refuted claims that it plans to provide financial support to the East African Crude Oil Pipeline Project.
SDX Energy announced the discovery of gas at its SD-12X well in the South Disouq Concession, Egypt.
GP Global, a global energy-to-agriculture conglomerate, says it has made a strategic acquisition of the lubricants assets of Grand Petroleum, Nigeria's lubricants player.
The coronavirus (COVID-19) pandemic’s blow to global oil prices has re-emphasized the need for Angola to wean its economy off volatile fuel exports.
The African Energy Chamber has appointed Eng. Elizabeth Rogo, Founder & CEO of TSAVO Oilfield Services, as its President for East Africa.
OPEC and OPEC+ are set to meet in Vienna on Thursday, April 9th, to try to reach a deal on ending the current oil prices war.
Angola, Senegal, Cameroon, Ghana and Nigeria among the most hard hit amid Covid-19 and oil price plunge, African Energy Chamber
African oil-producing and reliant countries have been among the most hard hit by the COVID-19 pandemic and declining oil price.
In line with its strategy of actively managing its asset portfolio and its objective to divest 5 B$ on years 2019-2020, Total is pursuing the divestments of several non-core assets in both Exploration-Production in Brunei, Sierra Leone and Liberia.
Global Petroleum announces that it has come to an agreement to licence pre-existing 3D seismic data in its offshore Namibia Block, 2011A (PEL0094).
World food prices declined sharply in March, driven mostly by demand-side contractions linked to the effects of the COVID-19 pandemic and the drop in global oil prices.
Marine geophysical company PGS announced the completion of acquisition on its MC3D Kwanza Shelf survey offshore Angola.
The Nigerian National Petroleum Corporation (NNPC) has challenged professionals in the Nigerian Petroleum sector to come up with solutions to tackle current challenges facing the industry.
Vaalco Energy has announced the completion of its 2019/2020 drilling program in the Etame Marin permit located offshore Gabon.
As economies take a hit from the impacts of the Coronavirus pandemic, the crisis is birthing opportunities and continues to create crucial lessons on resilience and adaptation especially in Africa.
Maersk Drilling has announced that it has received a notification from Tullow Ghana of an early termination for convenience of the drilling contract for the drillship Maersk Venturer.
It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and gas exploration.
Shelf Drilling has announced an early termination of a drilling contract for a jack-up rig operating offshore Nigeria.
Polarcus has announced the termination of an award of a 3D marine seismic acquisition project offshore West Africa.
BW Energy has announced adjustments to the development program on the operated Dussafu Marin license in Gabon in response to the spread of the coronavirus.
Sometimes it is easy to forget how interconnected human lives across the globe have become.
[Congo] PetroNor undertakes cost-saving measures to address price sensitivity in low oil price environment
PetroNor E&P is undertaking cost-saving measures to address price sensitivity of operations in the current low oil price environment.
The Economic Commission for Africa warned the unfolding coronavirus crisis could seriously dent Africa’s already stagnant growth with oil exporting nations losing up to US$ $65 billion in revenues as crude oil prices continue to tumble.
BW Energy has announced the first oil production from the DTM-4H Gamba well drilled as part of Tortue Phase 2 development project (Phase 2) in the Dussafu Marin Permit offshore Gabon.
Shelf Drilling announced that it has secured a one-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum (Petrobel) for operations in the Gulf of Suez offshore Egypt.
TechnipFMC has been awarded a significant integrated Engineering, Procurement, Construction and Installation contract from BP Angola for the Platina field development, located offshore Angola.
Pharos Energy confirms that it is participating in the process for the purchase of Royal Dutch Shell upstream portfolio in the Western Desert in Egypt as part of a consortium and is in the preliminary stages of its evaluation.
The African Energy Chamber announces its termination of its partnership with Africa Oil & Power, which it has had since 2018.
BP Angola has increased its financial grant to $6.1 million over four years to support the work in Angola of British landmine clearance charity the HALO Trust.
ENOC Misr, a joint venture between Proserv Group and the UAE’s ENOC, signed a memorandum of understanding with local lubricant manufacturers to evaluate blending and manufacturing of ENOC lubricants in Egypt.
BW Energy announces first oil from the Tortue Phase 2 field development project (Phase 2) in the Dussafu Marin Permit offshore Gabon.
The latest drop in the South Africa fuel and diesel prices of 19c and 55c a litre, respectively, as a result of lower oil prices on the back off the coronavirus, will provide relief for farmers.
Ocean Infinity, the next generation marine robotics company, has successfully completed its project with Total E&P in Angola, one of the main branches of Total, a major energy player worldwide.
Bowleven has confirmed the award of a contract to TechnipFMC to appoint them as lead FEED (Front End Engineering Design) contractor in respect of the proposed development of the offshore IM gas condensate field at Etinde, Cameroon.
Tower Resources has executed binding heads of terms in respect of a farm-out to OilLR Pty of a 24.5% working interest in its Thali Production Sharing Contract in Cameroon.
The Ministry of Petroleum and Mineral Resources of Somalia has agreed on an initial roadmap with the Shell, ExxonMobil Joint Venture towards the exploration and development of certain offshore hydrocarbon blocks.
Pressure is building to phase out fossil fuels in Africa to fight climate change.
Electromagnetic Geoservices ASA (EMGS) announces that the Company has received a letter of intent with a minimum value of USD 3.6 million from an undisclosed customer on behalf of a JV block consortium, offshore Namibia.
Maersk Drilling has been awarded a one-well contract for the semi-submersible rig Maersk Discoverer offshore Egypt.
See how to position yourself to take advantage of an uplift in activity as the Nigerian government puts well intervention at the forefront of production plans
Eni, partners reach agreement to exit Union Fenosa, allows restart of Damietta liquefaction plant in Egypt
Eni signed a series of agreements with the Arab Republic of Egypt, the Egyptian General Petroleum Corporation, EGAS and the Spanish company Naturgy, to pave the way for the restart the Damietta liquefaction plant in Egypt.
Eni has successfully completed the construction of the gas pipeline connecting Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) fields in the Berkine Basin, in the south-eastern part of Algeria.
FPSO Abigail-Joseph has set sail from Singapore to the Anyala & Madu fields in Block OML 83 & 85, offshore Nigeria, marking the successful completion of its conversion and life extension phase.
[Angola] Eni's Agogo-3 field size increases to 1 billion barrels, paves way for full field development with a third production hub
Eni has successfully drilled Agogo-3, the second appraisal well of Agogo discovery in Block 15/06, offshore Angola, increasing by about 40% the estimate of oil in place, which is now of 1 billion barrels.
Maersk Decom wins complete plugging, abandonment of Tullow Oil’s Banda and Tiof fields offshore Mauritania
Maersk Decom, a 50:50 joint venture between Maersk Drilling and Maersk Supply Service has won a complete plugging and abandonment of Tullow Oil’s Banda and Tiof fields in offshore Mauritania.
Keppel Offshore & Marine through its wholly-owned subsidiary Keppel Shipyard, has delivered the world’s fastest brownfield FPSO vessel modification and upgrading project to be deployed in Anyala-Madu field, Nigeria.
Azinam announces that following a deal with Africa Energy Corp., it will become the Operator and 50% licence holder in Block 2B offshore South Africa, which contains the A-J1 oil discovery.
ADM Energy has entered into a sale and purchase agreement with EER Nigeria to acquire, subject to satisfaction of certain conditions, a participating interest of 2.25% from EER.
Australian engineering company Worley has been awarded two master service agreements by Total to provide services to the Mozambique LNG Project.
Aker Energy has entered into a Letter of Intent with Yinson to award a bare-boat charter and an operations and maintenance contract for a floating, production, storage and offloading vessel at the Pecan field, offshore Ghana.
VAALCO announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands.
DOF Subsea has been awarded two contracts for international clients in Africa, securing further vessel and resource utilisation in Q1 and first part of Q2 2020.
The USTDA awarded a grant to NNPC Gas and Power Investment to provide the technical, economic and financial analysis necessary for the development of a 1,350-megawatt combined cycle, natural gas-fired power plant in Abuja, Nigeria.
The USTDA signed a Memorandum of Understanding with the Egyptian Ministry of Petroleum and Mineral Resources, paving the way for further cooperation between the US and Egypt in the petroleum sector.
ALP Maritime Services (ALP) has been selected by a Joint Venture between TechnipFMC and JGC to provide a spread of five vessels related to the CORAL SOUTH project, offshore Mozambique.
Tullow Oil said it received approval from Ghanaian authorities to flare gas when necessary to support its offshore fields.
Businesses from the Middle East and Africa's resource industries including oil & gas mining, other mining, and agriculture, spent $5.17 billion on information and communications technology (ICT) in 2019.
The Minister of Petroleum and Mineral Resources Tarek el-Molla has signed an agreement to search for and produce oil and natural gas in eastern Damanhur area in the Nile Delta.