Africa ///
OPEC delivered barely half the oil-production increase it had planned for October as African members continued to struggle with output losses.
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.
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 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.
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.
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.
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.
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.
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.
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 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.
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 Corp. is pleased to announce its financial and operating results for three months and year ended Dec. 31, 2018.
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 has acquired Marathon Oil Libya Limited, which holds a 16,33% stake in the Waha Concessions in Libya.
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 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.
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 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 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.