AfrOil - Africa Oil & Gas
Zimbabwe, Invictus hope to sign PSA on Cabora Bassa project soon
Zimbabwe’s government has said it expects to conclude negotiations with Australia’s Invictus Energy on a production-sharing agreement (PSA) for the Cabora Bassa project in the near future.
W-Industries wins subsea support services contract for Mozambique LNG project
France’s Total has chosen Texas-based W-Industries as its contractor for subsea support services related to the non-downstream components of the $20bn Mozambique LNG project.
Nigeria’s Seplat Petroleum reports oil output up, revenues down in Q1-2020
Seplat Petroleum says its production rose while revenues declined in Q1-2020.
Nigeria not likely to change benchmark oil price for 2020 budget
Nigeria’s government is reportedly satisfied with a benchmark oil price of $30 per barrel for its 2020 budget, even though world crude markets remain weak.
FAR looking to sell its minority stake in Sangomar
Australia’s FAR Ltd said last week that it had decided to sell all or part of its minority stake in RSSD, the joint venture set up to develop the Sangomar block offshore Senegal, owing to difficulty in securing financing.
Rwandan fuel importers seek tax break for excess supplies
The Rwanda Association of Petroleum Products Importers (RWAPI) is reportedly pressing the government to help its members transfer excess fuel supplies to privately owned storage depots.
Ethiopia commissions gas processing study
Nigeria incurs further refining losses in Jan
Sonangol strikes deal on use of Pumangol fuel storage facility
Angola’s national oil company (NOC) Sonangol is working with Pumangol, its joint venture with the Singapore-based commodities trader Trafigura, to establish a national petroleum product reserve.
Low oil prices pose steep risks for Algeria
Low oil prices may trigger another wave of protests in Algeria once the coronavirus lockdown is lifted.
Republic of Congo set to export oil in excess of OPEC+ quotas
The Republic of Congo looks set to export more oil than expected in May and June.
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