Africa ///

Egypt to get first LNG cargo in March amid plans to sell gas

Egypt, with Africa’s third-largest reserves of natural gas, plans to receive its first cargo of foreign liquefied fuel next month, a government official said.

Oil holds weekly loss near $60 as Libyan restart adds to surplus

Oil traded near $60/bbl in London after the first weekly decline in a month as Libya restarted a crude pipeline after a fire and Oman said it will increase production by as much as possible.

Sub Sea Services signs agreement with Astican Shipyard

STAVANGER, Norway -- Sub Sea Services and Astican Shipyard in Las Palmas, Canary Islands, have signed a business development agreement to serve the West Africa region.

VAALCO reports first production from new Etame development well

VAALCO Energy has announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon.

Taipan starts arbitration against Afren subsidiary

Taipan Resources has started an arbitration action against East African Exploration (Kenya) Limited, a wholly owned subsidiary of Afren Plc.

CAMAC Energy completes 2D seismic acquisitions in Kenya

CAMAC Energy has completed its onshore 2D seismic acquisitions on Blocks L-1B and L-16 in Kenya.

26-well campaign underway at Algeria’s Reggane Nord gas project, RWE Dea says

The Reggane Nord consortium, which includes RWE Dea, has commenced development drilling at the gas project in the Algerian Sahara.

Chevron acquires deepwater exploration interests offshore Mauritania

Chevron’s wholly owned subsidiary, Chevron Mauritania Exploration Ltd., has reached an agreement to acquire a 30% non-operated working interest in blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy.

World Oil anticipates a drilling recovery after the oil price decline

HOUSTON -- The oil and gas industry’s leading magazine for upstream technology and activity, World Oil, forecasts a sharp drop in drilling, both in the U.S. and internationally, as a direct result of plunging crude oil prices. In its 89th annual forecast and review, World Oil predicts an average WTI oil price of $55.75/barrel (bbl), while Brent will be $58.80/bbl. A Henry Hub natural gas price of $3.35/MMBtu is expected.

Eni sanctions OCTP project in Ghana

Eni, Vitol and GNPC have signed, with the President of Ghana and the Minister of Petroleum, an agreement to proceed with the OCTP integrated oil and gas project in Ghana.

Eni makes new discovery in Egypt's Western Desert

Eni has announced a new discovery of oil and gas in the West Melehia deep exploration prospect, located in the Melehia license, in the Western Desert of Egypt.

Eni extends exploration period for Angola's Block 15/06

MILAN, Italy -- Eni obtained a three-year extension from the Angolan authorities to the exploration period of the prolific Block 15/06, located in Angola’s offshore, approximately 350 km north-west of the capital Luanda and 130 km east of Soyo town.

SBM Offshore's N’Goma FPSO is producing and on hire

SCHIEDAM, Netherlands -- SBM Offshore has received a formal Production Readiness Notice (PRN) for N’Goma FPSO from client Eni, operator of Block 15/06 on behalf of the JV which also includes Sonangol Pesquisa e Produção, SSI Fifteen and Falcon Oil Holding Angola.

Eni inks agreements for blocks in Egyptian Mediterranean

MILAN, Italy -- Eni has signed two concession agreements for the North Leil and Karawan blocks offshore Egypt, following the Egyptian Natural Gas Holding Company 2013 international bid round.

ION announces 2D regional seismic survey offshore Puntland, Somalia

HOUSTON -- ION Geophysical has signed an agreement with the Puntland Petroleum and Minerals Agency (PPMA) to complete a multi-client 2D regional seismic survey offshore Putland, Somalia.

Development and field application of highly conductive, proppant-free channel fracturing

Ubong Inyang, Philip Nguyen, Janette Cortez-Montalvo, Halliburton

Injection pressures of proppant-laden slurry and proppant-free spacer, using a pulsing approach, were found to be significantly lower than those applied with conventional hydraulic fracturing treatments.

Eni inks agreement for exploration block in Egypt's Western Desert

MILAN, Italy -- Eni has signed a new Concession Agreement to operate in the South-West Melehia Block in the Western Desert of Egypt, following the Egyptian General Petroleum Corporation (EGPC) 2013 international competitive bid round.

Wood Mackenzie reviews global LNG landscape

EDINBURGH, SINGAPORE and HOUSTON -- The LNG industry celebrated its 50th birthday in 2014 but while the industry may have matured, Wood Mackenzie finds in its annual review that it's still not short of surprises. Giles Farrer, Wood Mackenzie's Principal Analyst - Global LNG, explains, "Production was up 5 MMtpa to 246 MMtpa and overall trade was boosted by higher levels of re-exports. But the big surprise was that Asian LNG demand was much lower than expected. Demand in emerging markets, like China, failed to grow to the extent anticipated and demand in the established South Korean market fell considerably."

AccessESP installs Nigeria’s first rigless conveyance system

HOUSTON -- AccessESP has installed the first rigless ESP conveyance system in Nigeria in the Ukpokiti #4 offshore well for Shebah Exploration and Production Company Limited (SEPCOL).

Equatorial Guinea and Taleveras to build Africa's largest oil storage hub

MALABO, Equatorial Guinea -- The government of Equatorial Guinea has signed an agreement with Nigerian energy firm, Taleveras Group, to build an oil storage hub in the West African country.