AfrOil - Africa Oil & Gas

VAALCO completes two-well workover programme at Etame Marin

VAALCO Energy (US) reported earlier this week that it had completed two well workovers at the Etame Marin block offshore Gabon, thereby raising production levels by about 1,050 barrels per day.

Inpex sells stake in Offshore D.R. Congo block to Perenco

Inpex (Japan) announced last week that it had divested all of its holdings in the Offshore D.R. Congo block, which is located off the coast of the Democratic Republic of Congo.

Sound Energy, Afriquia Gaz delay deadline for signing LNG agreement

UK-based Sound Energy has reached agreement with Afriquia Gaz (Morocco) on pushing back the deadline for meeting the preconditions for signing the Phase 1 LNG sale and purchase agreement (SPA).

Ghana to benefit from soaring oil price

Accra to cash in on the skyrocketing price of petroleum exports following short supplies of crude oil from major exporters globally, causing the commodity to hit a three-year high.

Eni touts net-zero plan for Baleine discovery offshore Cote d’Ivoire

Eni is fast-tracking execution of Baleine, its new discovery offshore Cote d’Ivoire, and talking up its plan for reducing the project’s carbon footprint.

Saipem sees Mozambique LNG project restarting in mid-2022

The Italian energy services group Saipem said on October 28 that it expects work on the Mozambique LNG project, which was put on hold this year for security reasons, to restart around mid-2022.

Oil, gas and pipeline projects set to boost FDI in Uganda, Tanzania

Uganda and Tanzania are set to see foreign direct investment levels rise considerably in the coming year as a result of crude oil and natural gas development, according to the Private Sector Foundation of Uganda (PSFU).

Egypt reduces rebate offered to LNG tankers crossing Suez Canal

Egypt is lowering the rebate offered to LNG tankers passing through the Suez Canal to 15% effective November 1, the Suez Canal Authority (SCA) has said.

Former Sonangol director says local content initiatives are having little effect

Angola has made efforts to increase local content in oil and gas projects involving international oil companies, but its approach has had only limited effects, according to a former director of Sonangol.

NNPC in search of $5bn from investors

AfrOil: Former Sonangol director pessimistic about local content

Angola has made efforts to increase local content in oil and gas projects involving international oil companies (IOCs), but its approach has had only limited effects, according to a former director of state-owned Sonangol.

Egypt’s reduces rebate offered to LNG tankers crossing Suez Canal to 15%

Eni net zero plan for its Baleine discovery, offshore Cote d’Ivoire

Saipem says Mozambique LNG project with TotalEnergies should restart in mid-2022

Angola losing $6mn day due to low oil production, PetroAngola chief says

Exxon to press ahead with $30bn LNG project in Mozambique, executive says

Standard Bank expects Ghana’s GDP to grow by 4.3% by year-end

NNPC reiterates downstream ambitions

Libyan armed groups' clashes damage key Zawiya oil refinery

Spanish gas importers see Algerian gas shipments via GME stopping by November 1

Spanish gas importers are reportedly expecting Algeria to stop delivering natural gas via the Gaz-Maghreb-Europe (GME) pipeline by the beginning of November.

Nigeria establishes new government agencies to oversee oil and gas sector

The Nigerian government has made major changes to the line-up of agencies responsible for overseeing the oil and gas industry, in line with the provisions of the Petroleum Industry Act (PIA) passed earlier this year.

CEF considers buying Sapref

Zawiya refinery damaged in fighting

GNPC sets sights on becoming an independent operator in 15 years

The Ghana National Petroleum Corporation (GNPC) has set out am ambitious goal to become a stand-along oil operator in some 15 years to come

Egypt plans to go through with supplying Lebanon with natural gas at the expense of LNG exports

Italy’s Eni has made three small oil and gas discoveries in Egypt’s western desert

Esso Exploration Angola awards US offshore driller Valaris new rig contract

Kenya issues notice of intention to cancel six oil contracts

Kenya’s government has announced its intention to cancel six international companies’ contracts for failure to meet their obligations with respect to exploring for crude oil and natural gas.

OLA brings new LPG cylinder-filling plant online

OLA Energy Kenya has launched a new LPG cylinder-filling plant that cost $360,555 to build in Nairobi’s Industrial Area.

Algeria to cease gas supplies to Morocco by November 1

Lamprell wins rig conversion contract from BW Energy for Gabon offshore project