Africa ///

Intertek achieves first SANAS accreditation in South Africa

Intertek has achieved its first industry accreditation in South Africa for flow metering verification. This will enable the company to provide assurance to SANAS industry standards that its clients’ flow metering equipment is operating as accurately as possible.

Nigeria talks to militants as Avengers strike gas pipeline

The Movement for the Emancipation of the Niger Delta started talks with Nigeria’s government, even as another militant group claimed to have blown up a pipeline in the oil-rich region.

Libya oil ports’ re-opening halted by harder stances on payments

Two of Libya’s biggest oil ports may not re-open soon as the hardening positions of rival factions pose a fresh challenge to international efforts to reunite the country and restore its crude exports.

Oil rises as Exxon declares force majeure on Nigeria exports

Oil rose as Exxon Mobil Corp. declared force majeure on shipments of Nigeria’s biggest crude export grade.

Marathon Oil achieves first gas from Alba B3 compression platform offshore Equatorial Guinea

Marathon Oil has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea.

ConocoPhillips sells Senegal assets to Woodside in $350-million deal

ConocoPhillips has entered into an agreement to sell its 35% interest in three exploration blocks offshore Senegal, which include the SNE and FAN discoveries.

Reopening Libya oil ports is newly unified NOC’s ‘top’ priority

Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured OPEC nation struggles to reunite after five years of civil strife, according to its chairman.

Saipem wins Zohr work as it lands contracts worth over €1.5 billion

Saipem has been awarded new contracts and variation orders in E&C offshore, for an overall amount in excess of €1.5 billion. The most significant contract relates to the field development project for the supergiant Zohr gas field, located off the Egyptian coast in the Mediterranean Sea.

Libya to resume oil exports from biggest ports within a week

Libya will resume crude exports from two of its biggest oil ports within one week after clashes that forced Islamic State militants to pull out of the area, according to the commander of the petroleum guards in the region.

Exxon said to join forces with Qatar for Mozambique gas assets

Exxon Mobil Corp. and Qatar Petroleum have teamed up to look at energy assets in Mozambique, home to some of the biggest natural gas discoveries in a generation.

VAALCO executes agreement with Transocean regarding drilling program offshore Gabon

VAALCO Energy, Inc., has executed an agreement with Transocean Ltd., regarding the remaining contract term associated with the Constellation II rig utilized in the company’s recent drilling program offshore Gabon, which provides for payment of $5.1 million net to VAALCO’s interest for unused rig days under the contract.

Tullow rises after detailing plans to fix Jubilee vessel fault

LONDON (Bloomberg) -- Tullow Oil detailed plans to fix a faulty turret at a production vessel at its flagship field off Ghana and revised its estimates of West African output. The shares rose.

Egypt may return to gas exports after super-giant Zohr discovery

Egypt may resume natural gas exports thanks to major discoveries off its shores, according to Snam SpA, Europe’s biggest gas infrastructure company.

Goldman’s $50 oil view at risk as Nigerian militia hold fire

Goldman Sachs Group Inc. said oil may trade below its $50 forecast in the second half of 2016 because of a ceasefire between militants and the government in OPEC member Nigeria.

Exxon said to eye gas deal that may ease Mozambique debt crisis

Exxon Mobil Corp. is considering buying stakes in natural gas discoveries off Mozambique made by Anadarko Petroleum Corp. and Eni SpA, potentially giving a tax windfall to the African nation grappling with a deepening debt crisis, according to two people with knowledge of the matter.

Nigeria seeks $40-$50 billion in oil investment as output rises

Nigeria is seeking $40 billion to $50 billion in investment in oil projects as the OPEC producer said it raised crude output to as much as 1.9 MMbpd as of two days ago.

OneSubsea wins contract for Zohr development, offshore Egypt

OneSubsea, a Schlumberger company, has been awarded an engineering, procurement and construction contract totaling more than $170 million from Belayim Petroleum Company (Petrobel).

CGG GeoConsulting de-risks East Africa with EARS BasinMap

CGG GeoConsulting’s NPA Satellite Mapping group has launched the multi-client EARS BasinMap for exploration de-risking across the vast region of East Africa, from regional-to-prospect or play scale.

BP sanctions fast-track development of Atoll discovery in Egypt

BP, together with the Egyptian Natural Gas Holding Company (EGAS), has sanctioned development of the Atoll Phase One project, which is an early production scheme that will bring up to 300 MMscfd gross of gas to the Egyptian domestic gas market starting in the first half of 2018.

Chariot awarded exploration permits offshore Morocco

Chariot Oil & Gas’ wholly owned subsidiary Chariot Oil & Gas Investments (Morocco) Limited has been awarded a 75% interest and operatorship of the Mohammedia Offshore Exploration Permits I - III in partnership with the Office National des Hydrocarbures et des Mines (ONHYM), which holds a 25% carried interest.