Latest Stories
Egypt on target to be self-sufficient in gasoline, diesel by 2023
Egypt is on target to be self-sufficient in gasoline and diesel production by 2023, Petroleum Minister Tarek El Molla has said.
Nigeria's DPR revokes licences of two National Oilwell Varco subsidiaries amidst labour dispute
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 secures one-year extension for A4 licence offshore The Gambia
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 says 4D survey is under way at TotalEnergies’ Block 32
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.
SDX Energy spuds MSD-21 infill development well at Meseda field
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 resumes oil exploration in Libya’s Ghadames basin
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.
Renergen deal could help establish helium spot market
South African company set to begin trading helium once its LNG plant comes on stream.
Maersk Drilling set to drill “world-record” deepwater well offshore Angola
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.
Chinese ‘teapot’ refiners said to have eye on Iranian crude floating off China, Singapore and Malaysia
Venezuela reportedly gearing up to send heavy crude to Iran
Venezuela was reportedly preparing to send about 2mn barrels of heavy crude oil to Iran within the framework of a crude-for condensate swap as of October 16.
Greenpeace activists spray ‘Climate Killer’ on floating LNG terminal at Croatia’s Krk island
Romania begins natural gas exports to Moldova
Tanzania loses over $7mn due to power inefficiency
Tanzania Electric Supply Co. Ltd (Tanesco), loses the equivalent of $7mn per month due to inefficiency, power losses, technical and non-technical issues, according to Maharage Chande, the company's new managing director.
Karpowership faces new corruption allegations in tug of war over South African power
Fresh corruption allegations have surfaced in a tug of war to provide South Africa with emergency power, as powership provider Karpowership SA accused its rival bidder, DNG Power, of holding the government ‘hostage’ with baseless claims.
Ghana's government backs renewable energy drive, supports BUI Power and VRA
Ghana’s government has pledged support to the state-owned Volta River Authority (VRA) and Bui Power Authority (BPA) to be able to achieve their full potential in renewable energy, according to the Minister for Energy, Dr. Matthew Opoku Prempeh.
ZESA head slams Finance Ministry secretary for stalling power plant projects
Zimbabwe Electricity Supply Authority (ZESA) executive chairperson Sydney Gata has accused Finance Ministry Secretary George Guvamatanga of refusing to guarantee independent power producers’ deals and unlock their funding.
Russian coal major SibAntracite buys green energy
LatAmOil: TotalEnergies will not flare gas from Block 58
Patrick Pouyanné, the CEO of France’s TotalEnergies, has said that his company will not flare any of the associated gas contained within its oilfields offshore Suriname.
Kenya Power and Kenya Airways to get money from Treasury
Kenya’s electricity utility and national airline are set to receive money from the National Treasury in the next financial year to support their recovery.
Occidental Petroleum sells off assets to Kosmos Energy, GNPC
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.
Invictus Energy covers nearly 500 km in Zimbabwe oil study
Nigerian government facing growing fuel subsidy budget crisis
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 puts Kosmos on ratings watch positive after Ghana deal with Occidental
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.
Follow us online