Africa ///

Sierra Leone makes fourth licensing round pre-announcement

The Director General of the Petroleum Directorate of Sierra Leone (PDSL), Raymond Kargbo, announced at this week’s Africa Oil Week Conference in Cape Town, South Africa, that his country’s Fourth Offshore Petroleum Licensing Round will take place between mid-January and the end-May 2018.

CGG secures contract for multi-client survey of onshore, offshore licenses in Côte d’Ivoire

CGG has been awarded a contract by Côte d’Ivoire’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, to acquire with its local partner, Harvex Geosolutions, a multi-client program of gravity, gravity gradiometry and magnetic data over the Republic’s onshore and shallow offshore basins.

Equatorial Guinea takes steps to stem output decline

Equatorial Guinea, OPEC’s newest member, is taking steps to stem the decline in its oil production following the acquisition by Kosmos Energy Ltd. and Trident Energy Management Ltd. of fields currently operated by Hess Corp.

Kosmos Energy picks up assets in Equatorial Guinea as Hess exits

Kosmos Energy will acquire assets from Hess. Additionally, existing investors Tullow Oil and GEPetrol will enter partnership with the new operator. The assets of Hess Corporation in Equatorial Guinea will be acquired by Kosmos Energy, the Ministry of Mines and Hydrocarbons has announced.

WoodMac: What's behind the boost in Libya's oil production?

Libya's oil production has increased steeply from August 2016’s low point of below 300,000 bpd to around 850,000 bpd at present, passing the 1-MMbpd barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

Rystad Energy: Northwestern Africa leading exploration activity

Conventionally, African exploration has been focused in Nigeria, Egypt and Libya; most other frontiers were either underexplored or not explored at all. However, in recent times Africa has been the hot spot for exploration activity, mostly concentrated in West Africa, offshore Mozambique and Tanzania, and the East African rift system in Kenya and Uganda, as well as the opening of new carbonate plays in the Nile Delta.

Tullow awarded four licences in Côte d’Ivoire

Tullow Oil has announced that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire.

South Africa seeks oil talks with Glencore, Vitol as legal spat looms

South Africa plans to engage with traders who acquired strategic oil reserves two years ago, even as it prepares legal action to try to cancel the deal.

Total reinforces its exploration in West Africa

Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea Conakry, covering approximately 55,000 km2.

CH2M wins marine support contract on BP development offshore Senegal, Mauritania

CH2M has been awarded a new marine engineering support contract on BP's Tortue development offshore Mauritania and Senegal. The new energy development project involves subsea gas production, a floating gas treatment facility, a pipeline with domestic gas connection points and a nearshore hub facility where the gas is converted into liquefied natural gas (LNG).

Sparrows Group, Hydra Group launch crane, lifting, inspection joint venture in Ghana

Sparrows Group has formed Sparrows Offshore Ghana Ltd, a joint venture with local partner Hydra Group Limited, to deliver crane, lifting and inspection services in Ghana.

Libya oil output set to recover following halt at Sharara field

Libya’s oil production is set to recover from a five-month low as the North African supplier’s biggest field restarts following a brief halt.

Ophir awards upstream construction contracts for the Fortuna FLNG Project

Ophir Equatorial Guinea (Block R) Ltd, a 100% owned subsidiary of Ophir, has awarded the upstream construction contract for the Fortuna FLNG Project to Subsea Integration Alliance, which is a partnership between OneSubsea, a Schlumberger company, and Subsea 7.

Future of Ugandan oil and gas sector looks bright, Siemens says

The International Monetary Fund recently stated that the oil reserves in Uganda may account for around 4% of the country’s economy annually in the next few years if managed well.

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.