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).
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.
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.
Oceaneering International announced the award by units of BP, of a contract to provide comprehensive Riserless Light Well Intervention (RLWI) services offshore Angola in Blocks 18 and 31.
Aker Energy has awarded Fugro a contract for geotechnical and geophysical survey services in relation to the Pecan field, offshore Ghana.
UPTIME awarded contract for BP’s Greater Tortue Ahmeyim LNG Hub Terminal offshore Mauritania, Senegal
UPTIME has been awarded a contract from Eiffage Génie Civil Marine for supply of access solutions for the LNG Hub Marine Terminal for BP’s Greater Tortue Ahmeyim LNG Project offshore Mauritania and Senegal.
Trident Energy has commenced a 4D seismic acquisition operations over their Block G assets, which contain the Ceiba and Okume Fields, offshore Equatorial Guinea.
SDX Energy announces that the OYF-2 well in Morocco has been drilled to a measured depth of 1,210 meters and has encountered commercial quantities of gas in excess of pre-drill estimates.
President Macky Sall opened the Oil & Gas Council's 4th MSGBC Basin Summit & Exhibition in Dakar on Wednesday.
In a step that will further strengthen relations between India and Ghana, IndianOil has signed a MoU with the NPA of Ghana for providing its assistance and technical expertise in the implementation of Ghana's National LPG Promotion Policy.
Eni signed a new long term contract for the purchase of 1.5 million tonnes of liquefied natural gas with Nigeria LNG, a joint venture between NNPC, Shell, Total and Eni, with Eni having a participating interest of 10.4%.
SeaBird Exploration has received a letter of award for provision of source services for two OBN surveys to be carried out in West Africa, with an expected total duration of about 80 days.
NHV Group and Tropical Arctic have entered into a teaming agreement to allow both companies to jointly pursue strategic opportunities in Nigeria and West-African offshore industry.
The Nigerian National Petroleum Corporation and the Petroleum Technology Association of Nigeria have pledged to partner on ways to bolster production activities in the nation’s oil and gas sector.
SAExploration, an international oilfield services company has won two new projects in offshore West Africa.
Australia's FAR has signed a binding Memorandum of Understanding with Glencore Energy (UK) for the full allocation of the Company’s share of crude oil from the Sangomar Field, offshore Senegal.
The Egyptian Ministry of Petroleum has signed nine agreements with a gross investment of $452.3 million for oil and gas exploration in the Mediterranean and Western Deserts.
BW Energy announces the successful completion of the second production well of the Tortue Phase 2 development in Dussafu Marin permit offshore Gabon.
VAALCO Energy announces that the company has sucessfully restored production at Etame 10H well and Etame 4H Well, located offshore Gabon.
The Vice President of Ghana launched a digital Command and Control Centre for Bulk Road Vehicle and an Electronic Cargo Tracking System to be run by the National Petroleum Authority (NPA).
FAR has taken the Final Investment Decision and received final credit approvals for an underwritten $300 million senior secured reserve-based lending facility for the Sangomar Field Development offshore Senegal.
Eni has reported on the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters.
Africa Oil announces the closing of the acquisition of a 50% ownership interest in Petrobras Oil and Gas B.V. in Nigeria.
ANPG, State concessionaire for oil & gas rights in Angola, assigned Block 28 to Eni (as Operator with 60%), as a result of the international competitive Bid Round 2019.
Eni announces the start-up of its offshore Agogo oilfield, situated in the 15/06 Block in the Angolan waters.
Vivo Energy Mauritius has been awarded ISO 45001: 2018 certification for its depots, the latest international standard which establishes requirements in terms of health and safety at work.
Anglo African Oil & Gas, an independent oil and gas developer has entered into a term sheet for a put and call option agreement with Zenith Energy over the residual holding of 20 per cent in AAOG Congo.
Maersk Drilling has been awarded contracts for a three-well exploration drilling project by Total E&P Angola Block 32, Block 48 and Total E and P Namibia B.V. for the 7th generation drillship Maersk Voyager.
Tower Resources, the AIM-listed oil and gas company with its focus on Africa has been awarded a one-year extension to the initial period of the exploration phase on the company’s Thali license offshore Cameroon.
VAALCO Energy announces that the Etame 11h development well has been successfully completed and placed on production at higher than anticipated rate.
SDX announces that its reserves at South Disouq have been upgraded by 35% to gross 89 BCFE from gross 66 BCFE.
Zenith Energy announces that it has reached an agreement to provide a secured loan facility to Anglo African Oil & Gas (AAOG) for a total amount of £250,000.
Shearwater GeoServices (“Shearwater”) has been awarded a 3D Isometrix seismic acquisition project by FAR Gambia.
The Nigerian National Petroleum Corporation has announced a trading surplus of ₦13.23billion in October 2019, representing an increase of 54 percent vis-à-vis the ₦8.59billion surplus posted in September last year.
ExxonMobil announces it has secured more than 1.7 million acres for exploration offshore Egypt.
Eni and its partners (Shell, NNPC, Total) in Nigeria LNG (NLNG) have taken the final investment decision for the expansion project of the liquefied natural gas plant.
The Nigerian National Petroleum Corporation and the Chevron Nigeria Limited have executed agreements over the multi-billion dollars Escravos Gas-to-Liquid project.
[Algeria] Arab Petroleum Investments Corporation provides $250m loan facility to Sonatrach Petroleum
The Arab Petroleum Investments Corporation has agreed to two loan facilities worth a combined USD 250 million with Sonatrach Petroleum Investment Corporation, the Algerian state-owned national oil company.
The Nigerian National Petroleum Corporation has announced crude oil and gas export sale of $355.93million in September 2019, indicating a significant increase of 52.84 per cent.
Wintershall Aktiengesellschaft (WIAG) and Libya’s National Oil Corporation (NOC) signed two EPSAs for Areas 91 (former Concession 96) and 107 (former Concession 97) in the onshore Sirte Basin.
Total, operator, and its partners Equinor, ExxonMobil and BP have signed an agreement with national oil, gas and biofuels agency ANPG and state-owned Sonangol of Angola, to extend their consortium’s production licenses to 2045.
Total has signed a sale and purchase agreement with state-owned Sonangol of Angola to acquire interests in Blocks 20/11 and 21/09 in the Kwanza Basin, offshore Luanda, Angola.
Equatorial Guinea’s Ministry of Mines and Hydrocarbons has concluded its evaluation of work programs and budget meetings of multiple oil blocks in the country, corresponding to the 2020 fiscal year, which has yielded many successful results.
BP announced that its recent three-well drilling campaign offshore Mauritania and Senegal has further confirmed the world-class scale of the gas resource in the region.
Oando has announced the successful signing of two Gas Supply Agreements with the Nigeria Liquefied Natural Gas for the renewal of gas supply for the existing Trains 1-3 and for gas supply for the impending Train 7.
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has granted ExxonMobil a six-month extension for offshore blocks EG06 and EG-11.
Eni Tunisia inaugurated a new photovoltaic plant in partnership with the national company, Entreprise Tunisienne d’Activités Pétrolières (ETAP).
Sasol and Haldor Topsoe announced that they have entered into a collaboration agreement to jointly license their Gas-To-Liquid (GTL) technologies.
Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, announces the start of new marine seismic acquisition programs on Block 11B/12B offshore South Africa.
In the context of what PwC’s Africa oil & gas review 2019 describes as an exciting growth phase for the continent fuelled by large oil and gas discoveries and subsequent increased investor appetite, the MSGBC Basin shines through.
Norway’s DOF Subsea has entered into a 2 month long contract with an international energy client in Africa.