Africa ///

NCS West Africa Limited announces Nigeria launch

The new business entity NCS West Africa Limited (NCS WA) is the Nigeria affiliate of Nautical Control Solutions, LP, (Fueltrax), and is located in Victoria Island, Lagos and Onne, Port Harcourt.

African Energy Chamber says U.S. firms will not be left behind as investments pick up in Angola

Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector.

South Africa searches for partners for South Sudan oil block

South Africa’s Strategic Fuel Fund is welcome to bring in partners to help it execute a $1-billion agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said.

Nigeria's economic growth slows after oil sector loss

Nigeria’s economic growth slowed in the first quarter after the oil sector, the country’s biggest foreign-exchange earner, contracted.

Cranium Engineering deploys C-Kore Cable Monitor Units in Africa for first time

C-Kore systems recently completed their first deployment with VAYCO Oil Tools and local Nigerian partner Cranium Engineering on an asset integrity verification operation for a major oil operator off the coast of Nigeria.

Rovuma LNG development plan approved by Mozambique government

Mozambique Rovuma Venture has said that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs of the Mamba complex located in the Area 4 block in the Rovuma basin, two of which straddle the boundary with neighboring Area 1.

Eni announces a new light oil discovery in Block 15/06, offshore Angola

Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore.

Oil remains a key driver of Angola’s economy, capital spending

In an exclusive video statement provided to Africa Oil & Power, Angola President H.E. João Manuel Gonçalves Lourenço reaffirmed the role of oil and gas as a key driver in attracting domestic and foreign private investment into Angola.

KBR wins additional work on phase 1 of BP’s Greater Tortue Ahmeyim project

KBR, Inc. has announced that BP has awarded KBR’s UK operating subsidiary the engineering, procurement and construction management (EPCM) contract to provide facilities integration and terminal quarters and utilities (QU) management for the hub/terminal of BP’s Greater Tortue Ahmeyim Project, located at the maritime border of Senegal and Mauritania.

Eni announces Akoma discovery in CTP-Block 4, offshore Ghana

Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana.

Sonangol boss fired by Angola's president as fuel runs dry

Angolan President Joao Lourenco fired Sonangol EP Chairman Carlos Saturnino as he revamps the company amid persistent fuel shortages in the southern African nation.

Nigerian court dismisses claim Eni, Petrobras illegally sold oil

A Nigerian high court dismissed the government’s claims that local units of Eni SpA and Petroleo Brasileiro SA illegally exported crude oil to the U.S.

Shell, Eni execs face corruption allegations over Nigerian oil deal

Royal Dutch Shell Plc and Eni SpA face additional corruption allegations over a Nigerian oil deal, after the West African country’s government said in a London lawsuit that it believes a handful of executives, including CEOs, were tied to more than $1 billion in bribery payments.

BHGE wins turbomachinery contract for BP’s Greater Tortue Ahmeyim FLNG project

Baker Hughes, a GE company (BHGE) announced that it has been awarded a contract to supply turbomachinery equipment for the first phase of BP’s Greater Tortue Ahmeyim floating liquefied natural gas (FLNG) project offshore Mauritania and Senegal.

South Sudan oil sector sees investment as the country emerges from civil war

South Africa signed a deal on an oil block in South Sudan as part of a $1-billion investment in the country emerging from civil war.

Occidental agrees to contingent sale of Anadarko African assets to Total for $8.8 billion

Occidental Petroleum Corporation has announced that, in connection with Occidental’s proposal to acquire Anadarko Petroleum Corporation, it has entered into a binding agreement to sell Anadarko’s Algeria, Ghana, Mozambique and South Africa assets to Total S.A. for $8.8 billion.

Eni to offset CO2 emissions by saving African forests

Eni SpA’s plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation.

Nigeria plans to double crude oil production, triple refining in bid for self-reliance

Nigeria plans to almost double oil production and triple its refining capacity by 2025, reviving previous pledges for the country's oil independence.

ExxonMobil acquires more exploration acreage offshore Namibia

ExxonMobil has said it will increase its exploration acreage in Namibia with the addition of approximately 28,000 km2 (7 million net acres) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A.

Maersk Supply Service awarded major FPSO mooring project

Maersk Supply Service has been selected to deliver an integrated FPSO mooring installation and replacement solution for an American oil major in the Gulf of Guinea. Maersk Supply Service will provide the full work scope from project management to execution.