WorldOil Oil traders empty key crude storage hub as global demand booms Oil traders are emptying one of the world’s largest crude storage facilities, located near the southernmost tip of Africa, as the physical market tightens amid booming demand and OPEC production cuts. South Africa minister wants assurance on KPMG investigation of oil sale South Africa’s probe into the sale of 10 MMbbl of its crude oil reserves may be delayed after Energy Minister Mmamoloko Kubayi said she has some concerns because a key financial analysis in the investigation was conducted by KPMG LLP. Algeria to lean on central bank to plug deficit amid oil slump Algeria’s prime minister laid out a sweeping plan to plug the budget deficit that would include direct borrowing from the central bank, as the OPEC member looks to compensate for lower oil revenue without tapping international debt markets. SDX Energy spuds KSR-14 development well in Morocco SDX Energy Inc., the North Africa focused oil and gas company, has announced the spud of its KSR-14 development well on the Sebou permit in Morocco. Equatorial Guinea inks LNG sales, infrastructure agreement with Burkina Faso The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, has signed a memorandum of understanding (MoU) with the Government of Burkina Faso to supply the West African country with LNG and build critical infrastructure to import, store and transport gas. Xodus Group awarded two ESIA contracts offshore Senegal Xodus Group has been awarded two Environmental and Social Impact Assessment (ESIA) contracts for projects in the Rufisque Offshore, Sangomar Offshore and Sangomar Deep Offshore (RSSD) blocks in Senegal, West Africa. Africa Energy Corp. acquires shares in Namibia Africa Energy Corp. has announced the acquisition of one-third of the shares in a subsidiary of Pancontinental Oil and Gas N.L. that holds a 30% participating interest in Petroleum Exploration Licence 37 (PEL 37) offshore the Republic of Namibia. Statoil adds exploration licenses in South Africa Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship. CGG signs multi-client data agreement with Mozambique CGG announces that it has signed a multi-client data agreement with Mozambique’s Instituto Nacional de Petroleo (INP) following a competitive tender process held by INP in 2016. Saipem awarded EandC contracts worth $370 million Eni Angola S.p.A. has awarded Saipem work orders in relation to the West Hub Development project as an addition to those previously assigned during 2016 and 2017.