Africa ///

African Energy Chamber calls for more US-Africa energy investments

U.S. companies stand to play a significant role in the road to a lower-carbon future on the continent, and to continue leading some of the most important markets in the energy industry.

Middle East and Africa’s oil & gas industry deal activity dropped 32.92% in Q1 2021

Led by $2.59 billion asset transaction with BP Exploration (Epsilon), Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

Active hydrocarbon system in Namibia exceeding expectations, Frontier says

The Board of Frontier, the privately held Houston-based international gas exploration company with a focus on Southern Africa, said its activities in Namibia are continuing to exceed expectations.

ANPG opens Congo, Kwanza Blocks in ongoing bid round

Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin as part of its 2020 oil and gas licensing round.

Total’s Force Majeure declaration on Mozambique LNG came prematurely, African Energy Chamber says

The African Energy Chamber encourages all parties involved in the force majeure declaration on the Mozambique LNG project to have a better and more open conversation to find a practical and pragmatic commonsense solution for the project to resume, for the benefit of Total, other companies and especially for Mozambique’s people.

A tough summer for oil-dependent nations may foretell their new normal

The prospects for petrostates have dramatically shifted from just a decade ago. Oil prices were near $100 a barrel then and consumers were worried about supplies running out. Now, OPEC is increasingly having to reckon with the prospect of peak demand, when consumption starts to decline as wind and solar power become more popular.

Bourbon awarded new integrated logistics contract by Total in Namibia

Bourbon will provide Integrated Logistics services through its branch Bourbon Logistics Namibia local branch, with a well-established local partner, Logistics Support Services. Working with a solid local partner is a key aspect of Bourbon local content strategy.

KCA Deutag secures $460m of land drilling contracts in the Middle East, Africa and Europe

Global drilling and engineering contractor KCA Deutag announced that its land drilling operation has won new contracts worth approximately $460m in the Middle East, Africa and Europe.

Exxon awards contract for Africa’s biggest-ever private project

Exxon Mobil Corp. awarded a JGC Corp.-led group a contract to develop its Mozambique liquefied natural-gas project, which is set to be the biggest-ever private investment in Africa.

First oil

Kurt Abraham, World Oil

Another mixed outlook awaits the E&P sector

AFC invests $100 million in Aker Energy's DWTCTP, offshore Ghana

Africa Finance Corporation (AFC) announces today it has financed Aker Energy A.S., a subsidiary of Aker ASA. AFC's support is through investing in $100 million of convertible bond notes with an intention to participate in follow on fund raising activities for the development of the Deepwater Tano Cape Three Points block (DWTCTP), offshore Ghana.

Africa Energy signs rig contract for Block 11B/12B, offshore South Africa

Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce that the joint venture partnership for Block 11B/12B offshore South Africa has entered into a multi-well drilling contract with Odfjell Drilling for the Deepsea Stavanger semisubmersible rig.

Expro awarded subsea contract by Pacific Santa Ana, offshore Mauritania

International oilfield services company Expro has been awarded a contract by Pacific Drilling LLC’s subsidiary, Pacific Santa Ana, Ltd., for the provision of an Intervention Riser System (IRS) for Petronas’ Chinguetti Field Phase II plug and abandonment (P&A) contract, offshore Mauritania.

Total E&P Congo successfully deploys world’s first cementless completion

Welltec has announced the first deployment of a truly cementless completion in the Republic of Congo during the second quarter of 2019.

Kenya, Tanzania plan to explore natural-gas trading

Kenyan President Uhuru Kenyatta and his Tanzanian counterpart, John Magufuli, agreed to explore trading in natural gas, which companies including Equinor ASA are looking to develop for export.

Libyan military leader says only Tripoli can sell nation's crude

Libya’s most powerful military leader said the state oil company in Tripoli has the sole right to sell the nation’s crude, a statement that might ultimately help stabilize production that has swung wildly for almost a decade because of ongoing conflict.

Vandalism of Nigerian oil pipeline results in tragedy

Two people died after a gasoline pipeline owned by Nigeria’s state oil company exploded in an area of Lagos, the commercial capital, the National Emergency Management Agency said.

Eni awarded new E&P license in the prolific Tano basin, offshore Ghana

Eni (70%) and its partner Vitol (30%) have been awarded rights to Block WB03, located in the medium deep waters of the prolific Tano basin, offshore Ghana.

Maritime Developments wins follow-up flexible, umbilical installation job offshore West Africa

Maritime Developments (MDL) has been awarded a follow-up flexible and umbilical installation job offshore West Africa.

Africa Oil farms in to Azinam Block 3B/4B in South Africa

Africa Oil has entered into a definitive farmout agreement with Azinam Limited (Azinam), whereby Africa Oil will acquire a 20% participating interest and operatorship in the Exploration Right for Block 3B/4B, offshore South Africa.