Africa ///

Companies in the news

Michele Cowart, World Oil

Companies in the news

Equatorial Guinea: oil producers should ‘stand together’

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 to introduce new oil, gas law after 2019 polls

South Africa will introduce new oil and gas laws after elections next year, Mineral Resources Minister Gwede Mantashe 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.

Aquaterra Energy lands double platform contract for NNPC / FIRST E&P JV in Nigeria

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.

Angola President doesn't see oil price rising to more than $100

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.

Minister orders termination of all contracts with Subsea 7

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.

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.

A milestone for energy governance as South Africa joins IEA family

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.

Global oil and gas leaders discuss evolving energy landscape

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.

Total inaugurates the Kaombo project and reiterates its commitment to Angola

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 targets bigger royalties, stakes in new oil code

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 oil outlook hinges on shaky peace deal, WoodMac says

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 joins IEA as association country

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 enjoys oil boom as drilling spreads across the continent

Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia.

Polarcus awarded 3D project in West Africa

Polarcus Limited has received an award for a 3D marine seismic acquisition project in West Africa.

Eni strengthens its presence in Algeria's North Berkine basin

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.

Nigeria heads out to sea in search of safer future for oil development

When it comes to the future of its oil industry, Nigeria is looking miles out to sea.

Breakaway Somaliland offers Ethiopia a surrogate energy pipeline

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 spuds Samo-1 exploration well, offshore The Gambia

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.