Africa ///
Michele Cowart, World Oil
Companies in the news
The Ministry of Mines and Hydrocarbons, representing the Government of Equatorial Guinea, calls for unity among oil producing ahead of this week’s 175th ordinary meeting of the Organization of Petroleum Exporting Countries (OPEC) in Vienna.
South Africa will introduce new oil and gas laws after elections next year, Mineral Resources Minister Gwede Mantashe said.
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.
Aquaterra Energy, a leader in global offshore engineering solutions in conjunction with Maerlin Nigeria Ltd, its local partner, has been awarded a contract by FIRST Exploration and Petroleum Development Company Ltd (FIRST E&P) to design, engineer and install two non-identical Sea Swift conductor-supported offshore platforms in the Niger Delta Basin.
Oil is unlikely to return to levels much above $100/bbl and current prices are making it difficult for major producers such as Angola, according to the country’s president.
At the South Sudan Oil and Power Conference in Juba, the Minister of Mines and Hydrocarbons announced the decision to mandate all petroleum operators to cancel all contracts with U.S.-based oil service company Subsea 7, due to noncompliance of Equatorial Guinea’s local content regulations.
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.
HE Minister Jeff Radebe, minister of energy of the Republic of South Africa, and Dr. Fatih Birol, executive director of the International Energy Agency, jointly announced South Africa’s decision to join the IEA as an association country.
Twenty-six of the world’s leading oil and gas sector leaders gathered in Abu Dhabi on Sunday, for a high-level industry forum focused on the evolving dynamics of the energy landscape, and the opportunities for hydrocarbon-produced energy to support global growth, today, and in the future.
The Angolan State Minister for Economic and Social Development, Manuel Nunes Junior, the Chairman and CEO of Total, Patrick Pouyanné, and the Chairman of the Board of Directors of Sonangol, Carlos Saturnino, inaugurated the Kaombo project
Senegal is considering raising royalties and taking a bigger stake in oil and natural gas projects as part of the West African nation’s overhaul of its oil code, according to a document obtained by Bloomberg.
South Sudan’s optimism about restoring oil output to 350,000 bpd depends on the success of a recent peace deal and both are unlikely, according to Wood Mackenzie Ltd.
South Africa today joined the International Energy Agency as an Association country, bringing one of the most dynamic countries on the African continent into the IEA family, and giving a major boost to global energy governance.
Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.
Polarcus Limited has received an award for a 3D marine seismic acquisition project in West Africa.
The Chairman and Director General of Algeria’s state oil company Sonatrach, Abdelmoumem Ould Kaddour, and the CEO of Eni, Claudio Descalzi, signed an agreement today that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin, located in the Algerian desert.
When it comes to the future of its oil industry, Nigeria is looking miles out to sea.
A self-declared republic in Somalia asked Ethiopia to reroute its nascent oil and gas exports via a proposed new pipeline, challenging Djibouti’s long-held plans for a conduit.
FAR Limited advises that drilling has commenced on the Samo-1 exploration well in block A2, offshore The Gambia. The Stena Drillmax arrived on site on Sunday, Oct. 21, and after standard pre-drill operations, the well was successfully spudded.