Africa ///
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, 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 a gas and condensate discovery in CTP-Block 4, offshore Ghana.
Angolan President Joao Lourenco fired Sonangol EP Chairman Carlos Saturnino as he revamps the company amid persistent fuel shortages in the southern African nation.
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.
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.
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 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 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 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 almost double oil production and triple its refining capacity by 2025, reviving previous pledges for the country's oil independence.
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 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.
Africa’s second-biggest oil producer looks to benefit from a surge in crude prices that could boost companies’ appetite for investments with an auction of nine blocks this year and seeking new refineries.
A court in Nigeria ordered the arrest of two former ministers and others allegedly connected with illegal payments leading to the 2011 acquisition of what is considered one of the biggest oil fields in the West African country.
Chevron Corp.’s acquisition of Anadarko Petroleum Corp. gives it access to the popular Permian Basin, in addition to one of the biggest natural-gas discoveries in Africa in the past decade.
McDermott International, Inc. and Baker Hughes, a GE company (BHGE) have announced that they have been awarded subsea umbilicals, risers and flowlines (SURF) and subsea production system (SPS) equipment contracts by BP for the Greater Tortue Ahmeyim natural gas project, located offshore Mauritania and Senegal.
Africa Oil Corp. has announced that it had acquired 4,752,850 common shares of Eco (Atlantic) Oil and Gas Ltd. $1.05 per common share for a total consideration of $4,999,998.
Acquisition of CGG’s 6,089.44 mi (9,800 km) long-offset broadband 2D multi-client seismic survey in the highly prospective Gabon South Basin has been completed.
Nigeria will get a large oil and gas investment from Shell Petroleum Development Company in the amount of about $15 billion, according to the Lagos-based newspaper ThisDay, citing managing director of the unit, Nosa Okunbor.