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The Mozambique LNG consortium has suffered another serious setback within the last week.
Shipping through the Suez Canal was blocked when one of the world’s largest container ships ran aground after being blown off course by a sandstorm at the southernmost stretch of the canal close to Suez City. The blockage has disrupted LNG transit.
Azikel Petroleum, a subsidiary of Nigeria’s Azikel Group, has appointed UAE-based Chemie Tech to serve as its engineering, procurement and construction (EPC) contractor on a modular refinery project.
Nigeria’s ADM Energy is set to join the effort to develop Barracuda, an oilfield within the shallow-water licence area known as OML 141, through its acquisition of a majority stake in London-based K.O.N.H. UK.
Tunisia’s Transport and Logistics Minister Moez Chakchouk reported last week on the status of efforts to determine the fate of the Skhira oil terminal.
Obo Idornigie, vice-president of sub-Saharan African research for Welligence Energy Analytics, recently discussed the strengths and weaknesses of Nigeria’s Petroleum Industry Bill (PIB) with AfrOil.
Members of Uganda’s Parliament are seeking more information before approving the government’s plan to borrow the money it needs to cover its 15% stake in the East Africa Crude Oil Pipeline (EACOP).
Nigeria's passage of a new oil law will not remove all obstacles to deepwater investments by IOCs, according to Welligence Energy Analytics.
Nail Maganov, the CEO of Tatneft (Russia), said last week that his company intended to resume work at its oilfields in Libya sometime this year.
Mele Kyari, the group managing director of NNPC, said last week that the expansion of exploration work in the northern part of the country was helping the company meet its goals with respect to increasing proven oil reserves.
ABB, the Swedish-Swiss engineering concern, revealed last week that it had agreed to provide “comprehensive integrated and intelligent electrical systems” for the Mozambique LNG project.
Ghana’s Institute of Energy Security (IES) has urged officials in Accra to withdraw their endorsement for plans for the construction of an LNG import terminal at the port of Tema.
Nigeria and Kenya have hiked fuel prices in response to rising crude oil prices, and their decisions have different policy implications.
Karmol, a joint venture formed by Turkey’s Karpowership and Japan’s Mitsui OSK Lines (MOL), is preparing to transfer a floating storage and regasification unit (FSRU) to Senegal, where it will be used for an LNG-to-power project.