AfrOil - Africa Oil & Gas
ADM becomes indirect investor in offshore Barracuda field
Nigeria’s ADM Energy is set to join the effort to develop Barracuda, an oilfield within the shallow-water licence area known as OML 141, through its acquisition of a majority stake in London-based K.O.N.H. UK.
Tunisia reviewing regulations governing Skhira oil terminal
Tunisia’s Transport and Logistics Minister Moez Chakchouk reported last week on the status of efforts to determine the fate of the Skhira oil terminal.
AfrOil: Pros and cons of PIB
Obo Idornigie, vice-president of sub-Saharan African research for Welligence Energy Analytics, recently discussed the strengths and weaknesses of Nigeria’s Petroleum Industry Bill (PIB) with AfrOil.
Iraq and Egypt continue pipeline extension talks
Ugandan MPs seek more information on government’s EACOP borrowing plan
Members of Uganda’s Parliament are seeking more information before approving the government’s plan to borrow the money it needs to cover its 15% stake in the East Africa Crude Oil Pipeline (EACOP).
Cautious outlook for Nigeria’s deepwater oilfields
Nigeria's passage of a new oil law will not remove all obstacles to deepwater investments by IOCs, according to Welligence Energy Analytics.
Tatneft hopes to resume work in Libya this year
Nail Maganov, the CEO of Tatneft (Russia), said last week that his company intended to resume work at its oilfields in Libya sometime this year.
NNPC head comments on exploration campaigns in northern Nigeria
Mele Kyari, the group managing director of NNPC, said last week that the expansion of exploration work in the northern part of the country was helping the company meet its goals with respect to increasing proven oil reserves.
ABB to provide electrical systems for Mozambique LNG
ABB, the Swedish-Swiss engineering concern, revealed last week that it had agreed to provide “comprehensive integrated and intelligent electrical systems” for the Mozambique LNG project.
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