AfrOil - Africa Oil & Gas
Uganda’s government has drawn up legislation that would allow the national oil company to access the proceeds from its share of future crude production.
Kenyan President Uhuru Kenyatta has rejected a decision by the International Court of Justice (ICJ) that grants Somalia control of disputed waters in the Indian Ocean, saying it will further strain relations between the countries.
Egypt is on target to be self-sufficient in gasoline and diesel production by 2023, Petroleum Minister Tarek El Molla has said.
Nigerian authorities have revoked the operating licences of two subsidiaries of Texas-based National Oilwell Varco (NOV), citing “unrepentant flouting of rules and regulations” governing the oil and gas industry.
Petronor (Norway) says the government of The Gambia has extended the term of its licence for the offshore block known as A4 by one year.
Shearwater GeoServices (Norway) said on October 14 that it had begun a 4D offshore monitor survey for Total E&P Angola, a subsidiary of TotalEnergies (France) at the Louro-Mostarda Development areas of Block 32.
AIM-listed SDX Energy spudded the MSD-21 infill development well on the Meseda field in Egypt’s Eastern Desert on October 16.
Russia’s Tatneft, in co-operation with Libya’s National Oil Corp. (NOC), has resumed exploration drilling in the country after a 10-year hiatus.
South African company set to begin trading helium once its LNG plant comes on stream.
TotalEnergies E&P Angola has exercised its option to use the Maersk Voyager, a seventh-generation drillship owned by Maersk Drilling (Denmark), to sink the ultra-deepwater Ondjaba-1 exploration well at Angola’s Block 48.
US-based Occidental Petroleum has sold off its stakes in two Ghanaian oilfields for $750mn in an effort to end a two-year divestment designed to reduce debt.
Nigeria’s government is facing a growing budget crisis, as a subsidy policy designed to protect the population from growing oil prices is putting increasing pressure on the federal budget.
Fitch Ratings has changed the status of US-based Kosmos Energy to Rating Watch Positive (RWP) in light of the company’s recent deal with Occidental Petroleum for the acquisition of stakes in several Ghanaian oilfields.
Senyo Hosi, the CEO of the Ghana Chamber of Bulk Oil Distributors (CBOD), has said that the Tema Oil Refinery (TOR) has to be privatised to stop it from acting as a drain on the Ghanaian economy.