AfrOil - Africa Oil & Gas
The East African Crude Oil Pipeline, responsible for constructing the 1,443-km oil pipeline from Uganda's Lake Albert oilfields to the port of Tanga in Tanzania, has made good progress in the search for 60% debt financing to complete the duct.
Danish oil company Monjasa has reported losing contact with one of its product tankers, the Monjasa Reformer, after the crew reported the vessel was being boarded by pirates in the waters off the west coast of Africa.
The US Department of Justice (DOJ) has reached a final resolution in two civil cases related to profits obtained through bribes paid to Nigeria’s former Minister for Petroleum Resources.
Cheiron Energy, Egypt’s largest independent upstream oil and gas company, has launched an early production facility (EPF) at its GNN oilfield in the Gulf of Suez.
Savannah Energy, the British independent energy company, has declared its intention to fight a decree nationalising its assets in Chad.
US-based energy group Honeywell has secured a deal worth $500mn to implement engineering work on the South Refinery project. The contract was signed with Libya’s Zallaf for Oil and Gas, a subsidiary of the state-owned National Oil Corp.
Global Petroleum (Australia) has updated its estimate of the prospective resources contained within the licence area known as PEL 94, located offshore Namibia in the Walvis basin.
The ministry had initially announced the tender for 12 blocks, split evenly between onshore Nile Delta and offshore Mediterranean sea in January with the deadline set for April 30.
The head of Libya’s state-owned National Oil Corporation (NOC), Farhat Bengdara, has revealed plans to attract more oil investments, boost production and introduce a new gas unit to study the possibility of increasing gas exports to Europe.
Maridive and Oil Services (MOS) has signed a conditional MoU with Saudi Arabia’s Al Gihaz Holding to buy 60% of the shares of a Saudi based subsidiary owned by Valentine Maritime (VM), which itself is a fully owned subsidiary of MOS.
Capricorn Energy has announced plans to downsize global ambitions as it focuses operations on actively producing Egyptian fields.
Decom Engineering said on March 23 that its advanced cutting technology had been successfully used on a project off the coast of the Democratic Republic of Congo (DRC).
Atlas Petroleum and its joint venture partners VAALCO and GEPetrol will proceed with the development of the Venus discovery in Block P, located offshore Equatorial Guinea.
The West African nation of Chad has nationalised all the assets and rights owned by ExxonMobil, including exploration and production authorisations and hydrocarbon permits.
The IMF expects Libya’s oil output to rise by 15% to 1.2mn barrels per day in 2023, pointing to the fact that oil and gas production will remain a fundamental component of the country’s economy in the foreseeable future.