Africa ///

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.

South Africa working on new oil, gas policy to enable growth

South Africa is working on a policy to govern the development of oil and gas resources after calls by potential investors to shield the industry from a long-running debate over laws that apply to mining exploration.

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.

BHGE launches multimodal facility expansion in Angola

Baker Hughes, a GE company (BHGE), has announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola.

BP, partners confirm investment in deepwater Angola

BP and partners today confirmed they have agreed further investment into deepwater Block 15, offshore Angola as part of an agreement with Angola's National Agency for Petroleum, Gas and Biofuels (NAPGB).

Lukoil enters hydrocarbon production project in the Congo

PJSC Lukoil concludes an agreement with New Age M12 Holdings Limited to acquire a 25% interest in the Marine XII license in the Republic of Congo for $800 million in cash.

Nigeria’s oil thieves roar back as militants kept in check

Just as Nigeria gets to grips with militants who brought the nation’s oil industry to its knees a few years ago, another group of longstanding foes are slowly making a comeback: thieves.

ExxonMobil, partners to redevelop Angola Block 15 to increase production

ExxonMobil and its partners said they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels.

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.

Eni awarded two exploration blocks offshore Ivory Coast

Eni has signed the contracts for two new exploration blocks in the eastern part of the sedimentary basin offshore Ivory Coast. The blocks were part of the 20 blocks available at the end of 2018.

Eni reports its fifth light oil discovery offshore Angola

Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore.

Total SA quits DRC crude search, partner says

Oil giant Total SA, the only oil major exploring for crude in the Democratic Republic of Congo, indicated it’s pulling out of a block in the central African nation, one of its partners said.

Shell continues South African oil expansion with second deal

Months after a major discovery by Total SA boosted the country’s hydrocarbon prospects, Royal Dutch Shell Plc is planning to acquire an oil-block stake in a second deal in South Africa’s relatively unexplored waters.

Sierra Leone announces re-opening of 4th licensing round

The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners and Getech, are delighted to announce the re-opening of the 4th Licensing Round as of May 21, 2019.

NCS West Africa Limited announces Nigeria launch

The new business entity NCS West Africa Limited (NCS WA) is the Nigeria affiliate of Nautical Control Solutions, LP, (Fueltrax), and is located in Victoria Island, Lagos and Onne, Port Harcourt.

African Energy Chamber says U.S. firms will not be left behind as investments pick up in Angola

Angola has emerged as the hub of foreign direct investments within Africa, and the prospects of attracting more FDI this year are bright, particularly in the country’s oil and gas sector.

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.

Nigeria's economic growth slows after oil sector loss

Nigeria’s economic growth slowed in the first quarter after the oil sector, the country’s biggest foreign-exchange earner, contracted.

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.