Africa ///

Sparrows Group secures three-year contract with Total in Angola

Sparrows Group has signed a three-year contract with Total to supply crane maintenance and engineering services at four of the operator’s assets in Angola.

OPEC's role in midst of shale strength

Bassam Fattouh, director of the Oxford Institute for Energy Studies, argues that while U.S. shale poses a threat to OPEC, the idea that the organization has no role in the oil market is unrealistic. Fattouh was interviewed via email between Sept. 21-22. Comments have been edited and condensed.

Iran says OPEC must address rising Libya, Nigeria oil output

OPEC’s commitment to cutting production to clear a global glut is working, but the group needs to address rising output from Libya and Nigeria, Iran’s Oil Minister Bijan Namdar Zanganeh said.

Hyperdynamics seeks two-year appraisal period for offshore Guinea program

Hyperdynamics Corp. has announced that it has notified the government of the Republic of Guinea that it will be seeking a two-year appraisal period under its oil and gas production sharing contract.

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 & 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 E&C 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.

Angola oil minister says nation needs crude to rebound to $60

Angola’s Petroleum Minister Jose Maria Botelho de Vasconcelos said it’s essential for the southern African nation’s economy that oil prices rebound to $60/bbl this year.

Baker Hughes secures second major contract for Eni's Coral South FLNG

Baker Hughes, a GE company (BHGE), has announced a second major contract for Eni East Africa’s (EEA) Coral South FLNG development, offshore Mozambique, underlining the company’s position as the world’s first and only integrated fullstream provider of products, services and digital solutions that maximize productivity, efficiency and cost reduction.

N-Sea announces inaugural Cameroonian contract

Subsea IMR provider, N-Sea, has begun work in the Cameroonian offshore market, via a contract win with Dutch offshore lifting and transportation company, Jumbo Offshore.

Kosmos Energy reports successful DST of Tortue-1 in Mauritania

Kosmos Energy has announced that it has successfully completed the drill stem test (DST) of the Tortue-1 well, demonstrating that Tortue field is a world-class resource and confirming key development parameters, including well deliverability, reservoir connectivity, and fluid composition.

Fortuna FLNG offtake awarded to Gunvor

The Ministry of Mines and Hydrocarbons (MMH), Ophir Equatorial Guinea (Block R) Ltd, OneLNG SA and La Compania Nacional De Petroleos De Guinea Ecuatorial (GEPetrol) have nominated Gunvor Group (Gunvor) as their preferred LNG buyer for offtake from the Fortuna FLNG project.

Shell loads oil in Libya for first time in five years

Royal Dutch Shell Plc, the world’s largest oil trader, is said to have loaded its first crude from Libya in five years over the weekend, adding to evidence of the OPEC nation’s comeback.