East Africa ///

Protest-hit Ethiopia region plans private oil company to calm unrest

A central Ethiopian region that’s seen almost two years of sporadic anti-government protests is planning a new private oil company and is in talks to import Middle Eastern crude, part of an economic initiative authorities say will address some of the roots of the unrest.

South Sudan Ministry of Petroleum launches open tender for petroleum audit

South Sudan’s government will commission an audit of national oil production and petroleum industry activities, the Ministry of Petroleum announced today. The Ministry invites companies to bid on a public tender to perform the audit and produce a 2017 audit report on the industry.

Investors snap up assets in a nation where defaults are rife

For a country that has missed several debt payments this year, Mozambique’s assets are performing remarkably well.

Total asks to revisit South Sudan oil blocks, minister says

Total SA approached South Sudan about developing two of its biggest oil blocks after previous talks on the fields collapsed, according to the African nation’s petroleum minister.

Saipem secures $230-million in drilling contracts in Mozambique, the Black Sea and the Mediterranean

Saipem and Eni have signed a contract for offshore drilling activity in Mozambique, utilizing the drillship Saipem 12000. In addition to this contract, which will allow the Company to participate in the development of the Coral field, Saipem has been awarded other offshore drilling contracts.

Eni finalizes $7-billion Mozambique gas project investment

Eni SpA led a group that signed off on a $7-billion investment in a project to export natural gas from Mozambique.

Africa Oil reports oil discovery at Emekuya-1 in northern Kenya

Africa Oil Corp. has announced that the Emekuya-1 well in Block 13T, Northern Kenya has encountered approximately 75 m of net oil pay in two zones.

South Sudan blocks open for direct negotiation, following collapse of talks with E&P companies

Representing the Government of South Sudan, the Ministry of Petroleum has announced that it is welcoming the interest of investors for direct negotiations on oil and gas in Blocks B1 and B2. The announcement comes after negotiations broke down with the French oil and gas company Total E&P, due to irreconcilable differences.

Oil workers seen as target in new phase of South Sudan's war

Crude oil brings in the cash to keep South Sudan’s army fighting. That may have made oil workers a target for rebels waging the African nation’s three-year civil war.

War-ravaged South Sudan draws $500-million Oranto oil bet

Nigeria’s Oranto Petroleum International Ltd. plans to bet half a billion dollars that Africa’s newest nation can end a three-year civil war and create the conditions to revive its oil industry.

Mozambique sees capital gains of $350 million on Exxon deal

Mozambique said Exxon Mobil Corp.’s acquisition of a 25% stake in an offshore gas block from Eni SpA will generate capital gains revenue of $350 million.

Libya's oil output rebounds, nearly matching levels prior to clashes

Libya’s oil production has climbed to almost match the level before clashes disrupted output three weeks ago and forced the OPEC nation’s two biggest oil ports to halt shipments.

South Sudan, Equatorial Guinea to collaborate on African oil and gas

South Sudan and Equatorial Guinea announced an historic partnership today in Juba, setting out the terms for a strong bilateral relationship between the African oil and gas producers.

CNOOC exercises pre-emption rights in Tullow’s Uganda farm-down

CNOOC Uganda Limited has notified Tullow that it has exercised its pre-emption rights under the joint operating agreements between Tullow, Total and CNOOC to acquire 50% of the interests being transferred to Total on the same terms and conditions that were agreed between Tullow and Total.

Regional Report: East Africa

Emily Querubin, World Oil

Recovering from a six-year drilling low that was reported last May, African E&P is slowly picking up the pieces. The region has seen numerous setbacks, despite having the potential to become one of the leading oil and gas producers and exporters in the world. Much of East Africa is riddled with severe debt and economic unrest, impeding investment and the development of infrastructure.

Exxon Mobil to buy stake in Mozambique block from Eni for $2.8 billion

Exxon Mobil said it will buy a 25% stake in a project off Mozambique from Italy’s Eni SpA for about $2.8 billion as the U.S. oil giant expands in natural gas.

Oranto launches $500-million oil exploration campaign in South Sudan

Oranto Petroleum will invest $500 million to develop South Sudan’s Block B3, launching a comprehensive exploration campaign starting immediately. The Ministry of Petroleum and Oranto Petroleum Company, South Sudan signed the exploration and production sharing agreement for the block today in Juba.

Executive director at Soma Oil & Gas resigns, accepts role as Somalia Prime Minister

Soma Oil & Gas has announced the resignation of Hassan Khaire, executive director for Africa, so he can accept the honor of serving his country of origin, Somalia, as its Prime Minister.

Fugro Discovery to commence frontier seeps survey offshore Kenya

Fugro has been awarded a contract by Shell/BG Kenya for the execution of a seabed survey to detect natural leakages of hydrocarbons. The seeps survey complements a seismic exploration program that was completed recently offshore Kenya.

Security boosted at oil fields to raise South Sudan output

South Sudan said it boosted security at oil installations and will source electricity from neighboring Sudan to resume output at two fields in efforts to restore production to levels achieved before the country descended into civil war.