East Africa ///

Mozambique delays raising $2.3 billion for Anadarko gas project

Mozambique has put on hold plans to raise funds for its portion of Anadarko Petroleum’s $20 billion gas project, as the government limits its debt sales following a default three years ago.

Africa Oil, JV partners sign on for first-ever oil development in Kenya

Africa Oil Corp. has announced that Heads of Terms agreements with the Government of Kenya and joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A. have been signed for the development of the oil fields in the South Lokichar basin.

Anadarko announces FID on Area 1 Mozambique LNG project

Anadarko Petroleum Corporation and the co-venturers in Mozambique's Offshore Area 1, today announced a Final Investment Decision (FID) on the Anadarko-led Area 1 Mozambique LNG project.

Cyclone highlights the vulnerability of operations in Mozambique

Tropical Cyclone Kenneth dumped heavy rains on Mozambique, a day after becoming the second storm to hit the nation in two months.

World of oil and gas

Emily Querubin, World Oil

Several months ahead of schedule, Shell Offshore Inc., a Royal Dutch Shell subsidiary—alongside partner CNOOC Petroleum Offshore SA, Inc., a subsidiary of CNOOC Limited—has begun producing at its Appomattox floating production system.

McDermott announces contract agreement for Mozambique LNG development

McDermott International, Inc. has announced that CCS JV, a joint venture between McDermott, Saipem and Chiyoda, has reached full agreement for a contract with Anadarko Petroleum Corporation for the Mozambique Area 1 Liquefied Natural Gas (LNG) Development.

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.

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.

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.

Mozambique to establish sovereign wealth fund to govern gas revenue

Mozambique’s government plans to establish a sovereign wealth fund to manage income from future gas production, President Filipe Nyusi said.

Anadarko sticks to Mozambique timeline as state boosts security

Anadarko Petroleum Corp. said it’s sticking to a plan to decide on a $20-billion gas development in Mozambique by the end of June, after the government boosted security following attacks last month near the project site.

Anadarko Mozambique attacked for first time amid insurgency

Unidentified gunmen attacked an Anadarko Petroleum convoy near its liquefied natural gas project in northern Mozambique, the first targeting an energy company since an insurgency by suspected Islamist militants began 16 months ago.

Anadarko has made an LNG sale and puchase agreement with Tokyo Gas and Centrica

Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a sale and purchase agreement (SPA) with Tokyo Gas Co., Ltd. (Tokyo Gas) and Centrica LNG Company Ltd., a subsidiary of Centrica plc (Centrica) for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 MMtpa from the start-up of production until the early 2040s.

Why a Libyan oilfield grab could be a boon or bane for exports

Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities.

ExxonMobil, CNPC, Empresa, Kogas and Galp secure offtake commitments for the Rovuma LNG project

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.

Exxon in `bull's-eye' as worst year since Reagan nears end

Things haven’t been this bad for the world’s biggest oil stock since Ronald Reagan became president. But brace yourself, 2019 may not be much better.

South Sudan sees $2 billion oil investments as first start

Recent pledges of $2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said.

Trio of explorers aim to hit East Africa gas jackpot once again

A trio of oil executives who hit the jackpot with a gas find off Mozambique have long believed they can repeat that success not far from their original discovery.

Companies in the news

Michele Cowart, World Oil

Ashtead Technology has completed a subsea installation monitoring project for Subsea7 in support of Equinor’s Utgard development, in Blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.

Libya's oil supremo sees output reaching Qaddafi-era levels

Libya, one of the most volatile and politically fragmented oil producers, expects to pump as much crude by the end of next year as it did before the 2011 revolt against former strongman Moammar Al Qaddafi.