AfrOil - Africa Oil & Gas

NRG: Forward momentum

Welcome to the latest edition of NewsBase’s Roundup Global (NRG), in which our team of international editors provide you with a snapshot of some of the key issues affecting their regional beats.

PetroNor takes control of two blocks offshore Guinea-Bissau

Norway’s PetroNor has acquired majority stakes in the Sinapa and Esperança blocks offshore Guinea-Bissau through its purchase of SPE Guinea Bissau, a subsidiary of Sweden’s SPE (Svenska Petroleum Exploration).

NNPC urged to cut production costs

The head of National Petroleum Investment Management Services (NAPIMS), a corporate service unit of Nigerian National Petroleum Corp. (NNPC), has called on his company to reduce its production costs to no more than $10 per barrel.

Total may expand Libyan operations

France’s Total has reportedly expressed interest in expanding its investments in Libya.

Scirocco reports on Ruvuma exploration programme

The joint venture that is developing the Ruvuma block in Tanzania is preparing to move ahead with exploration work, according to UK-based Scirocco Energy.

Nigerian legislator hints at slightly longer timeline for PIB

The speaker of the House of Representatives, the lower house of Nigeria’s National Assembly, has hinted that the timeline for securing passage of the country’s new oil and gas law may extend beyond the first quarter of 2021.

Nigeria looks to import fuels from Niger

Impact Oil & Gas, Africa Energy consolidate holdings in Block 11B/12B

UK-based Impact Oil & Gas and Africa Energy Corp. of Canada have merged their holdings in Block 11B/12B offshore South Africa.

Tullow reportedly submits revised work programme to Kenyan government

Tullow Oil (UK/Ireland) has reportedly met the Kenyan government’s demands with respect to drawing up a new work programme for Blocks 10BB and 13T in the South Lokichar basin.

Ghana orders unitisation of Sankofa and Afina fields

The government of Ghana has reportedly ordered Eni of Italy to unitise the offshore Sankofa field with Afina, a licence area assigned to a private Ghanaian company, Springfield Exploration and Production.

Sudan hopes to offer 27 blocks to investors

Sudan’s Ministry of Energy and Mining has announced plans to offer more than two dozen new blocks to investors in the near future.

Perenco seeks to become majority shareholder in CI-11

Perenco (UK/France) is reportedly looking to assume control of CI-11, a shallow-water block offshore Côte d'Ivoire.

FAR arranges to sell Sangomar holdings to OVL

Australia’s FAR Ltd has agreed to sell its minority stake in RSSD, the joint venture set up to develop the Sangomar block offshore Senegal, to India’s ONGC Videsh Ltd (OVL).