Tullow Oil agrees $300mn sale of Gabon assets to state-owned GOC

AfrOil - Africa Oil & Gas
By Newsbase 16 May 2025
Tullow Oil has signed a definitive sale and purchase agreement with Gabon Oil Company (GOC) to divest its entire non-operated working interests in Gabon for $300mn, as part of efforts to strengthen its balance sheet and focus on higher-margin assets.

Namibia expects FID by TotalEnergies on Venus discovery by late 2026, says petroleum commissioner

AfrElec - Africa Power Monitor
AfrOil - Africa Oil & Gas
By Newsbase 16 May 2025
Namibia is expecting a final investment decision (FID) by French energy supermajor TotalEnergies on its Venus discovery in the Orange Basin by late 2026, according to Maggy Shino, petroleum commissioner at Namibia's Ministry of Mines and Energy.
The announcement follows meetings last week between Lula and Russian President Vladimir Putin, where energy was a central topic.

Brazil and Russia edge closer on nuclear deal

REM - Renewable Energy
By Victor Alves 15 May 2025
Brazil and Russia are expected to advance cooperation on small modular reactor (SMR) technology, Brazil’s Minister of Energy Alexandre Silveira said after a visit to Moscow with President Luiz Inácio Lula da Silva.

Strathcona to sell Montney assets while buying Hardisty rail terminal

NorthAmOil - North America Oil & Gas
By bne IntelliNews 15 May 2025
Canada’s Strathcona Resources has agreed to sell its assets in the Montney shale play in three separate transactions worth a combined CAD2.84bn ($2.03bn), while buying the Hardisty rail terminal.
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