Africa ///

Oil remains a key driver of Angola’s economy, capital spending

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 wins additional work on phase 1 of BP’s Greater Tortue Ahmeyim project

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 Akoma discovery in CTP-Block 4, offshore Ghana

Eni announces a gas and condensate discovery in CTP-Block 4, offshore Ghana.

Sonangol boss fired by Angola's president as fuel runs dry

Angolan President Joao Lourenco fired Sonangol EP Chairman Carlos Saturnino as he revamps the company amid persistent fuel shortages in the southern African nation.

Nigerian court dismisses claim Eni, Petrobras illegally sold oil

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.

Shell, Eni execs face corruption allegations over Nigerian oil deal

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.

BHGE wins turbomachinery contract for BP’s Greater Tortue Ahmeyim FLNG project

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 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.

Occidental agrees to contingent sale of Anadarko African assets to Total for $8.8 billion

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 to offset CO2 emissions by saving African forests

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 double crude oil production, triple refining in bid for self-reliance

Nigeria plans to almost double oil production and triple its refining capacity by 2025, reviving previous pledges for the country's oil independence.

ExxonMobil acquires more exploration acreage offshore Namibia

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 awarded major FPSO mooring project

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.

Angola in recovery mode with oil block auction, new refineries on the horizon

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.

Nigeria Court orders arrests over Shell, Eni West African deal

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 gets treasure, trouble with rebel-hit Mozambique gas

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.

BP awards contracts to BHGE, McDermott for Greater Tortue Ahmeyim natural gas project

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 acquires $5 million in shares of Eco (Atlantic) Oil and Gas

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.

CGG completes 2D survey offshore Gabon

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.

Shell to invest $15 billion in Nigeria's oil and gas industry

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.