AfrOil - Africa Oil & Gas
Shell to divest more Nigerian assets
Royal Dutch Shell (UK/Netherlands) is looking to unload more of its onshore assets in Nigeria, according to the company’s CEO, Ben van Beurden.
Africa Oil will wait for FDP, other milestones to spend money on South Lokichar
Canada’s Africa Oil has put its plans for investing in an upstream project in Kenya on hold, citing the need to firm up plans for commercial development.
Impact Oil & Gas completes farm-in deal for Area 2
Impact Oil & Gas (UK) said it had completed a farm-in deal that gave it a 90% equity stake in Area 2, an ultra-deepwater licence area located off South Africa’s south-eastern coast.
NLNG set to accelerate work on Train 7 project by end of May
Simbi Wabote, the executive director of the Nigeria Content Development and Monitoring Board (NCDMB), has said he expects the Nigeria LNG (NLNG) consortium to accelerate work on the Train 7 project within the next few weeks.
Sudan hopes ADNOC will ensure adequate petroleum product supplies
Abu Dhabi National Oil Co. (ADNOC) of the UAE has reportedly agreed to ensure that Sudan has an adequate supply of petroleum products.
More delays for PIB?
As Nigerian MPs miss their latest deadline for passage of the PIB, the Buhari administration makes three changes to the bill.
Niger and Benin to launch pipeline works
Lamu Port begins operations
AfrOil: Nedbank to halt funding for coal, oil and gas projects
South Africa’s Nedbank has decided to phase out funding for fossil fuel projects as part of a wider effort to reduce its net carbon emissions to zero by 2045.
Sasol subsidiary to sell 30% stake in ROMPCO to South African consortium
South Africa’s Sasol has arranged to sell part of its stake in the Republic of Mozambique Pipeline Company (ROMPCO) to a group of South African investors.
Draft law reserves 20% of upstream contracts for South Africa’s national oil company
South Africa’s cabinet has given its approval to draft legislation that calls for reserving a 20% stake in every new upstream oil and gas project for the state.
Sonangol orders two Suezmax tankers from HSHI
Angola’s national oil company (NOC) Sonangol has ordered two Suezmax-size oil tankers from Hyundai Samho Heavy Industries (HSHI).
Museveni sees oil production boosting Ugandan economic growth
Ugandan President Yoweri Museveni has said he expects the country’s economic growth to speed up once commercial oil development begins in the Lake Albert area.
Nedbank announces plan to stop funding coal, oil and gas projects
South Africa’s Nedbank revealed last week that it had decided to phase out funding for all fossil fuel projects.
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