AfrOil - Africa Oil & Gas
Upcoming report notes growing interest in midstream, downstream sectors of Gabon’s oil industry
Investment in the midstream and downstream sectors of Gabon’s oil industry has grown significantly in the last year, with both public and private sector projects attracting new interest.
Chariot, Vivo Energy to set up midstream gas venture in Morocco
Both firms will set up a jointly owned special purpose vehicle for the purchase, transportation and distribution of natural gas to end-users. The operations will include a long-term sales agreement to produce gas from the Anchois development project.
Libya’s NOC denies providing oil supplies to fighting rivals in Sudan
Libya’s National Oil Corporation denied reports that it has provided oil supplies to either of the two warring rivals in Sudan, the state-owned utility said in a statement on Monday, May 1.
Africa Oil Corp. increases exposure to Orange basin offshore Namibia
Canada’s Africa Oil Corp. (AOC) has increased its exposure to upstream operations in Namibia’s Orange basin by participating in a $95mn open offer by UK-based Impact Oil & Gas.
Repairs at Port Harcourt refinery in Nigeria reportedly running behind schedule
Nigeria’s Port Harcourt Refining Complex (PHRC) may not complete the first phase of its rehabilitation project until September at the earliest, four months later than originally anticipated.
South African energy giant Sasol in Mozambique gas find
The Mozambican unit of a South Africa-based energy multinational, Sasol Mozambique, has discovered natural gas in an onshore field south of the country, according to the National Petroleum Institute.
Nigeria puts plan for fuel subsidy elimination on hold until Buhari’s departure
Nigeria is suspending plans for eliminating the subsidy on domestic fuel prices and will not take further action before the end of President Muhammadu Buhari’s term in late May.
ExxonMobil says it cannot start building Rovuma LNG plant without security in Cabo Delgado
ExxonMobil (US) has said that the Rovuma LNG consortium cannot start work on an onshore gas liquefaction complex without assurances of long-term stability in northern Mozambique.
TotalEnergies says restart of construction of $20bn LNG plant in Mozambique is being hampered by cost dispute with contractors
TotalEnergies has said the security situation in northern Mozambique has stabilised but resumption of work on its LNG project in the area is being complicated by disagreements with contractors over extra costs.
Tullow Oil and Perenco to swap Gabon assets in simplification deal
Under the agreement, Tullow will give Perenco its stakes in four Gabon assets in exchange for stakes in two other assets.
Nigerian Justice Minister dismisses accusations of $2.4bn revenue loss from alleged oil sale to China
Tower Resources close to confirming drill schedule for NJOM-3 well in Cameroon
Tower owns 100% of the Thali production-sharing contract, located in the shallow waters of the Rio del Rey basin, offshore Cameroon. NJOM-3 is located in this PSC.
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