DMEA - Downstream Middle East & Africa
Chevron to buy Noble in first major post-crash deal
Chevron has agreed to buy Noble Energy for $5bn in stock in the first major deal of the current oil downturn, but whether this ushers in a new wave of consolidation remains uncertain.
Renergen launches South Africa’s first ever LNG auctions
Renergen has launched South Africa’s first ever auction of LNG by opening a bidding contest for future LNG production streams from the Victoria Gas Project.
NRG: A global mixed bag
The global pandemic is beginning to sort the weak from the strong, with some oil and gas projects receiving continued support despite the downturn while others are being labelled “wait and see”
Chevron confirms plan to buy Sasol’s indirect stake in Escravos GTL plant
The US major Chevron has confirmed that one of its subsidiaries is slated to acquire additional equity in the Escravos gas-to-liquid (EGTL) plant from South Africa’s Sasol.
Kenya hikes fuel prices
Kenya’s Energy and Petroleum Regulatory Authority (EPRA) hiked prices for petroleum products last week, citing a rise in the cost of imported gasoline as justification for its decision.
Total reveals details of Mozambique LNG financing deal
France’s Total has divulged some details of a recently signed financing agreement that will cover around three quarters of the projected costs of the Mozambique LNG project.
NLNG responds to MP’s charges of corruption
The Nigeria LNG (NLNG) consortium has denied allegations of unauthorised withdrawals from an account used to cover dividend payments to its largest shareholder, Nigerian National Petroleum Corp. (NNPC).
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