Africa ///

OPEC delivered only half its October hike as African output slowed

OPEC delivered barely half the oil-production increase it had planned for October as African members continued to struggle with output losses.

South Sudan’s president fires head of state oil company

Bol Ring Mourwel, who was appointed head of Nile Petroleum Corp. in September 2020, was removed with immediate effect, according to a decree broadcast on state television on Thursday.

Opinion: A just energy transition for Nigeria and its oil and gas sector will attract investment and create opportunity

Nigeria shouldn’t leave its gas in the ground and run the risk of ending up with an energy transition that unfairly deprives its citizens of energy, as well as opportunity.

South Sudan faces rapid drop in crude output as blocks pass peak production

South Sudan is experiencing a rapid drop in crude output as producing oil blocks have hit peaks and have begun to decline, according to Ministry of Petroleum Undersecretary Awow Daniel Chuang.

African Energy Chamber calls for more US-Africa energy investments

U.S. companies stand to play a significant role in the road to a lower-carbon future on the continent, and to continue leading some of the most important markets in the energy industry.

Middle East and Africa’s oil & gas industry deal activity dropped 32.92% in Q1 2021

Led by $2.59 billion asset transaction with BP Exploration (Epsilon), Middle East and Africa’s oil & gas industry saw a drop of 32.92% in deal activity during Q1 2021, when compared to the last four-quarter average, according to GlobalData’s deals database.

Active hydrocarbon system in Namibia exceeding expectations, Frontier says

The Board of Frontier, the privately held Houston-based international gas exploration company with a focus on Southern Africa, said its activities in Namibia are continuing to exceed expectations.

ANPG opens Congo, Kwanza Blocks in ongoing bid round

Angola’s National Oil, Gas and Biofuel’s Agency (ANPG) has officially opened blocks for licensing in the Onshore Lower Congo Basin and the Onshore Kwanza Basin as part of its 2020 oil and gas licensing round.

Total’s Force Majeure declaration on Mozambique LNG came prematurely, African Energy Chamber says

The African Energy Chamber encourages all parties involved in the force majeure declaration on the Mozambique LNG project to have a better and more open conversation to find a practical and pragmatic commonsense solution for the project to resume, for the benefit of Total, other companies and especially for Mozambique’s people.

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.

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.

Shell says it faces Dutch prosecution over Nigeria license

Royal Dutch Shell Plc is facing prosecution in the Netherlands over a license in Nigeria, intensifying its legal troubles from a transaction that has dogged the company for years.

Africa Oil reports 2018 fourth-quarter, full-year results

Africa Oil Corp. is pleased to announce its financial and operating results for three months and year ended Dec. 31, 2018.

Tendeka secures multi-million-dollar AICD screens contract in Sub-Sahara Africa

Independent global completions service company Tendeka has been awarded a multi-million-dollar contract to deliver autonomous inflow control devices (AICD) screens for an operator in Sub-Sahara Africa.

Total acquires stake in Libya's Waha Concessions

Total has acquired Marathon Oil Libya Limited, which holds a 16,33% stake in the Waha Concessions in Libya.

Exxon settles dispute with Chad, avoiding $74-billion fine

Exxon Mobil Corp. reached a settlement with Chad over tax payments, avoiding a $74-billion fine the Central African country had imposed on the oil major.

Exxon in negotiations with Chad about $74-billion penalty

Exxon Mobil Corp. is negotiating with Chad’s government about a record $74-billion fine the oil company was told to pay last month by a court in the central African nation because of a dispute over royalties.

Exxon Mobil fined $74 billion by Chad court over royalties

A court in Chad told Exxon Mobil Corp. to pay a record fine of $74 billion, as well as $819 million in royalties it said the oil company owed to the state, according to a court document.

Libya to resume oil exports from biggest ports within a week

Libya will resume crude exports from two of its biggest oil ports within one week after clashes that forced Islamic State militants to pull out of the area, according to the commander of the petroleum guards in the region.

Amec Foster Wheeler wins Sasol contract in Mozambique

Amec Foster Wheeler has been awarded a detailed design and engineering contract by Sasol Petroleum Mozambique Limitada for Phase 1, Tranche 1 of the PSA development for surface facilities, located at Temane, 600 km north of Maputo, Mozambique.