On 25 July 2020, a bulk carrier vessel, MW Wakashio, ran aground on the reef of Point d’Esny, off the coast of Mauritius, approximately 40 kilometres southeast of the country’s capital, Port Louis, carrying nearly 4,200 metric tons (MT) of fuel.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a network of smugglers contributing to instability in Libya.
The African Export-Import Bank (Afreximbank) is supporting the advancement of Mozambique’s energy industry and economy by committing up to $400 million in guarantees and direct lending to the Area 1 LNG project.
With the COVID-19 pandemic continuing to devastate economies around the world, Africa is set to experience its first recession since the 1990s, threatening to undo two decades of growth and development.
Norskeide Subseatec, a subsidiary of Scana ASA has been awarded a contract to supply subsea equipment for field development in Africa and Southeast Asia.
The African Energy Chamber has nominated an Investment Advisory Committee, the last body to serve on its Advisory Board for 2020 and 2021, to provide solutions to finance Africa’s energy resurgence.
Cairn Energy has entered into an agreement to sell to LUKOIL its entire 40 per cent interest in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore Contract Area, including the Sangomar development, offshore Senegal.
Sonatrach has signed a Memorandum of Understanding with Cepsa to allow both companies to evaluate joint growth opportunities in the exploration, development and production of hydrocarbons in Algeria.
Vivo Energy Mauritius, company holding the Shell franchise in Mauritius, is expanding its product range with three new generations of lubricants in the Shell Helix and Rimula ranges.
French logistics giant Bolloré Transport & Logistics has been awarded a four-year contract by Assala Energy to supply light transport vehicles for the company’s oil operations, expanding its footprint in Gabon.
Total announced that its 58% owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operatorship in the Cap Lopez oil terminal.
African Energy Chamber appoints APO Group Founder and Chairman Nicolas Pompigne-Mognard to its Advisory Board
APO Group, the leading pan-African communications and business consultancy confirms that its Founder and Chairman, Nicolas Pompigne-Mognard, has been appointed to the Advisory Board of the African Energy Chamber.
Global Petroleum announces that in connection with its licence PEL0094 offshore Namibia, the Ministry of Mines and Energy in Namibia has agreed to extend the licence sub-period from September 2020 to September 2021.
The exploration industry has been the hardest it by the Covid-19 pandemic and the subsequent historic crash in oil prices.
Eni, bp and Total have successfully tested the well drilled on the prospect called Bashrush, in the North El Hammad concession, in the conventional Egyptian waters of the Nile Delta.
Eni has announced the successful drilling of the SWM-A-6X well, in the South West Meleiha development and exploration concession located in the Egyptian Western Desert, 130 km North of the of Siwa Oasis.
International Container Terminal Services, Inc. (ICTSI) has signed the concession contract with the Port Autonome de Kribi for the development, operation and maintenance of the Kribi Multipurpose Terminal in Cameroon.
As a major integrated LNG project in Mozambique advances toward fruition, the EXIM has reaffirmed its continuing support for the development by initiating the process of providing $4.7 billion in financing.
The USTDA has awarded a grant to Nigerian natural gas supply company Green Liquified Natural Gas to support Nigeria’s increased utilization of natural gas for power generation, local industry and additional economic growth.
South African banking group Standard Bank has invested $485 million in the Mozambique LNG project, joining 20 international banks that have invested close to $15 billion in the project.
ION Geophysical announced the first 3D multi-client program in Mauritania in partnership with the Ministry of Petroleum, Mines and Energy.
PJSC LUKOIL concluded an agreement with Cairn Energy to acquire a 40% interest in RSSD (Rufisque, Sangomar and Sangomar Deep) project in the Republic of Senegal for $300 mln in cash.
SONATRACH announced that the resumption of production at the natural gas liquefaction complex located in Skikda began, after a general shutdown to carry out periodic maintenance work.
Ezion Geber Energy will now formally represent Connector Subsea Solutions in Nigeria. The collaboration with a minimum 3 year duration will help support current Offshore Nigeria projects and enable growth across all pipeline repair product lines.
Zenith Energy has submitted a comprehensive commercial and technical offer to the Ministry of Hydrocarbons of the Republic of Congo for the attainment of a new 25-year license for the Tilapia oil field, to be named Tilapia II.
Plans by the Republic of South Sudan’s Ministry of Petroleum to launch a new licensing round earlier this year have been derailed.
Chevron Corporation has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
The Development Bank of Southern Africa (DBSA) announced financing to the value of $120 million in Mozambique’s Area 1 Liquified Natural Gas (LNG) project.
The African Development Bank has concluded its bid to co-finance the construction of Mozambique's integrated Liquefied Natural Gas (LNG) plant by signing a senior loan of $400 million for the transformational project.
Estimates from satellite data show global gas flaring increased to levels not seen in more than a decade, to 150 billion cubic meters (bcm), equivalent to the total annual gas consumption of Sub-Saharan Africa.
The African Energy Chamber and the Mozambican Oil & Gas Chamber have signed a cooperation agreement to support the development of local content in Mozambique and the attraction of investments.
Emerging domestic natural gas and helium producer Renergen has announced the commencement of South Africa’s first ever Liquefied Natural Gas (LNG) auction.
The Japan Bank for International Cooperation (JBIC) signed a loan agreement in Mozambique LNG project financing amounting up to $3 billion.
BESIX, together with its partner Mota-Engil, will design and build all permanent marine facilities of the Mozambique LNG Gas Development Project.
French oil major Total has secured $15.8 billion in funding from South African lender FirstRand’s local unit, First National Bank Mozambique, for the development of the $20 billion LNG Golfinho-Atum gas field in northern Mozambique.
Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma and Araria industrial zones.
The African Energy Chamber has appointed a US-Africa Committee to serve on its Advisory Board and support the development of stronger energy cooperation and investment between the United States and Africa.
The Nigerian National Petroleum Corporation (NNPC) has announced new appointments and redeployments in the National Oil Company.
LEKOIL announced that the Otakikpo Joint Venture (Otakikpo JV) has executed definitive agreements for the next phase of the Otakikpo marginal field development.
The Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts by petroleum and mining operators.
Seplat Petroleum Board of Directors appointed Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of the Company, joining the Seplat Board, effective August 1, 2020.
French oil major Total and its project partners are set to resume drilling at block 11B/12B in the Luiperd prospect, where Total in early 2019 flagged potential resources of 1 billion barrels of oil equivalent, in September.
International oil & gas production company focused on pursuing African development opportunities Zenith Energy announces it has entered into a joint venture agreement with a local oil & gas company in the Republic of the Congo.
[Nigeria] Mammoet completes heavy lifting and transport scope for the world's largest single train petroleum refinery
With the final 1,240 tonnes propylene mounded bullet installed at Dangote Petroleum Refinery and Petrochemical complex in Nigeria, Mammoet is demobilizing equipment it has deployed there.
TechnipFMC has signed a major Engineering, Procurement, and Construction contract with Assiut National Oil Processing Company (ANOPC) for the construction of a new Hydrocracking Complex for the Assiut refinery in Egypt.
Uganda’s real gross domestic product (GDP) growth in 2020 is projected to be between 0.4 and 1.7% compared to 5.6% in 2019, according to the latest edition of the Uganda Economic Update released by the World Bank.
The United Nations World Food Programme (WFP) launched a large-scale food and nutrition intervention to assist nearly one million people in the northern and central regions of Mali.
IFC announced it is providing $35 million as part of a $200 million credit facility arranged by Societe Generale to enable Addax Energy SA to deliver critical energy imports to Mauritania.
An EU Humanitarian Air Bridge flight arrived in Mogadishu from Brindisi, Italy, carrying humanitarian and medical supplies provided by the Italian Ministry of Foreign Affairs and International Cooperation.
The African Energy Chamber and its partners have launched a free-of-access jobs portal for trained and qualified African workforce.
The African Energy Chamber expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week.
Following an evaluation of the exploration potential of the blocks and an assessment of the report of the pre-feasibility phase of the EIA, Sasol has decided to relinquish its exploration license in Blocks 16 & 19 offshore Mozambique.
Atlas Petroleum has resumed work over activities and well interventions on OML 109 in Nigeria in order to enhance production from the Ejulebe marginal field.
Algeria’s Hydrocarbons Company SONATRACH and Italian's ENI signed several cooperation agreements in the gas sector and a memorandum of understanding on the possibilities of investment in the exploration and production of hydrocarbons.
The South African Department of Mineral Resources and Energy (DMRE) has switched to a new formula for calculating official domestic liquefied petroleum gas (LPG) prices.
Oceaneering International announced its Asset Integrity group has secured a three-year contract in Angola with Cabinda Gulf Oil Company Limited (CABGOC), a Chevron subsidiary.
Eni, BP and Total have successfully drilled the first exploration well in the North El Hammad license, in the conventional Egyptian waters of the Nile Delta, on the prospect called Bashrush.
Mozambique’s state-owned National Hydrocarbon Company (ENH) has assured the partners in Mozambique’s Liquefied Natural Gas (LNG) project a $20 billion gas project led by Total.
Emerging domestic natural gas and helium producer Renergen announced that Total South Africa Proprietary and the Company signed an agreement for the joint marketing and distribution of Liquefied Natural Gas (LNG).
Total and Sonatrach have signed an agreement to renew their partnership in the field of liquefied natural gas (LNG).
The collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, the worst since the 1980s, according to the latest World Bank Nigeria Development Update (NDU).
TGS announced the completion of its flagship Jaan 3D seismic survey covering the MSGBC Basin in NW Africa acquired in partnership with PGS and GeoPartners.
FAR Gambia, a wholly owned subsidiary of FAR Ltd has signed new Joint Operating Agreements (JOA’s) in respect of the A2 and A5 Blocks in The Republic of The Gambia, with PC Gambia, a subsidiary of PETRONAS.
Oil and gas company FAR has not paid the most recent development cash call received by it and has accordingly received notification from the Operator of the RSSD Joint Venture that FAR Senegal is in default.
The Ministry of Mines and Hydrocarbons (MMH) of the Republic of Equatorial Guinea has announced the adoption of the new Regulation of Petroleum Operations.
The Nigerian National Petroleum Corporation (NNPC), Group Managing Director Alhaji Mele Kyari announced that the corporation has commenced oil exploration exercises in the Bida Basin comprising eight local governments in Niger state.
As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it.
The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down cost of crude oil production to $10 per barrel or below.
Mozambique’s National Petroleum Institute (INP) has announced that the final investment decision (FID) for its planned $30 billion Rovuma liquefied natural gas (LNG) project will be taken by ExxonMobil in 2021.
Sasol has appointmented Priscillah Mabelane as Executive Vice President, Energy Business, effective 1 September 2020 and she will also serve as a member of Sasol’s Group Executive Committee (GEC).
C-Kore Systems completed a successful campaign offshore Nigeria with VAYCO Oil tools and local Nigerian partner Cranium Engineering.
Over the past few years, the African Energy Chamber has been instrumental in promoting collaboration within the African energy industry.
The United Oil & Gas reports that the El Salmiyah-5 development well on the Abu Sennan concession in Egypt early analysis of logging and testing suggests that the Well significantly exceeds pre - drill estimates.
Aker Energy Ghana has reaffirmed its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana.
The African Development Bank has approved Nigeria’s Country Strategy Paper (CSP) 2020-2024, which builds on the successes and challenges of the 2013-2019 edition, and incorporates emerging developmental realities and opportunities.
Neptune Energy, an oil and gas exploration firm announced Mehdi Bouguetaia will be joining the company to take on the role of Algeria Managing Director, based in Algiers.
Taelo Mojapelo has been appointed the new CEO for BP Southern Africa, succeeding Priscillah Mabelane who was notably the first woman in South Africa’s oil history to head up a multinational company.
Recently, Svitzer took an important step towards strengthening its presence in Africa by signing a five-year contract with Nacala Logistics in Mozambique for harbour towage, occasional pilot transfer and potential salvage work in the port of Nacala.
The Rand Merchant Bank (RMB) confirmed that a liquefied natural gas (LNG) project in Mozambique is expected to receive $15 billion (R267bn) of financing commitments at a signing scheduled for June 2020.
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.