Africa ///

The natural gas market in 2017

Armelle Lecarpentier, CEDIGAZ

In 2017, global natural gas demand’s above-average growth reshaped market fundamentals and  prevented the development of a global natural gas bubble. Meanwhile, global natural gas consumption doubled its 2016 growth rate, and it was well ahead of the previous five-year trend.

Ghana to buy contracts to protect it from high oil prices

Ghana will buy contracts to protect it from higher oil-product prices in the third quarter as the West African nation seeks to curb volatility in what consumers pay at the pump amid rising costs of the fuel in international markets.

Pertamina awards EPC contract for gas capacity increase to Bonatti

Pertamina Algeria EP has awarded to Bonatti the contract worth 85 Million Euro for the provision of engineering, procurement, & construction of a gas capacity increase project for MLN field, which will upgrade the existing facilities to treat the future expected gas flow and enhance the oil production.

Total announces extension of Tin Fouyé Tabankort gas, condensate field in Algeria

Sonatrach, Total, Repsol and Alnaft (the National Agency for the Valorisation of Hydrocarbon Resources), have signed a new concession contract for a period of 25 years to extend the exploitation of the Tin Fouyé Tabankort (TFT) gas and condensate field.

Oil rigs operating off Africa rebound to highest in two years

Oil exploration in Africa is showing signs of recovery after the number of rigs off the continent rose to the highest in almost two years, with more scheduled in coming months.

Africa oil giant needs $12 billion to avoid missing LNG boat

On a tropical island just off the coast of Nigeria, hundreds of engineers work around the clock to produce liquefied natural gas at a plant the size of Lower Manhattan.

Beheadings signal threat to Mozambique's $30 billion in investment

When a group of suspected Islamist militants beheaded 10 villagers in Mozambique’s gas-rich north late last month, it ratcheted up concerns that spreading attacks in the remote region could threaten a potential $30 billion in investment.

Wentworth Resources granted extension of Rovuma asset in Mozambique

Wentworth, the independent, East Africa-focused oil & gas company, announced an update to the Company’s onshore Rovuma asset in Mozambique (Appraisal License).

Shell says Nigeria attacks persist even as oil output recovers

Nigeria’s oil wells may be flowing again, but the country’s largest operator says attacks continue to put a brake on output.

Victoria Oil & Gas increases reserves estimates for Logbaba field in Cameroon

Victoria Oil & Gas Plc, the Cameroon based gas and condensate producer and distributor, has provided the following update, based on internal estimates, on the reserves position for Logbaba field in Cameroon.

Azinam secures deepwater drillship for Prospect S, offshore Namibia

Azinam Limited, the Seacrest Capital Group backed explorer focused on offshore Namibia, has announced that the Ocean Rig Poseidon sixth generation deepwater drillship has been contracted by the license partnership to drill one firm and one optional well, with the first well targeting Prospect S, located in Petroleum Exploration Licence (PEL) 71, offshore Namibia.

Kenya in talks on oil pipeline as output set to begin in 2021

Kenya’s government is negotiating with potential investors in a pipeline that will link oil fields in the north of the country to a port at Lamu, Petroleum Principal Secretary Andrew Kamau said.

Total takes FID for Zinia 2 development offshore Angola

Total and its partners have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 km offshore Angola.

China's CNOOC sees likely start of Uganda oil field in 2021

CNOOC Ltd., the Chinese oil company developing Uganda’s crude finds with Total SA and Tullow Oil Plc, said production at its Kingfisher field will probably start in 2021.

Kenya drops budget cap to reach oil-cash deal, lawmakers say

Kenya agreed to drop budget-allocation limits for oil-rich counties in order to break a deadlock in passing a revenue-sharing law that’s delayed production.

Azinam to execute multi-well drilling campaign offshore Namibia

Azinam Limited, the Seacrest Capital Group backed explorer focused on offshore Namibia, is pleased to announce that it is planning a multi-well drilling campaign over the next 24 months.

SDX Energy confirms significant discovery in South Disouq, Egypt

SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well, following the recent conventional natural gas discovery at South Disouq, Egypt

More pain may come for Nigeria's loss-making oil behemoth

It’s meant to be a cash cow, but the state oil company of Africa’s biggest producer is bleeding money.

Panoro Energy announces results of Tortue appraisal well, offshore Gabon

Panoro Energy has announced the successful drilling of the DTM-3 appraisal well located at Tortue field, within the Dussafu License, offshore Gabon.

Ophir enters farm-out deal with Kosmos for exploration license in Equatorial Guinea

Ophir announces that it has entered into a farm-out agreement with Kosmos Energy covering the EG-24 exploration license in Equatorial Guinea.