Africa ///

Kenya to challenge Mozambique, Tanzania for investment, GlobalData says

LONDON -- Kenya will need to focus on providing a competitive and stable fiscal environment if it is to fully exploit its offshore gas industry and attract investors ahead of Mozambique and Tanzania, says an analyst with research and consulting firm GlobalData. Reece Straker, GlobalData’s Upstream Oil & Gas Analyst, states that while Kenya is currently behind Tanzania and Mozambique in terms of discoveries, exploration interest has increased since Tullow’s first offshore discovery at block L8, announced in September 2012.

Ethiopia to extend Tullow Oil exploration permit as data studied

ADDIS ABABA, Ethiopia (Bloomberg) -- Ethiopia will grant Tullow Oil an extension to its exploration license after the company reported “encouraging” results in its search so far, Mines Minister Tolesa Shagi said. “We will definitely grant them because they’ve done so much and we appreciate whatever they’ve tried to do,” Tolesa said in a phone interview from the capital, Addis Ababa Oct. 14. “We try to assist them as much as possible.”

Minister sees chance oil may split from South African mines law

JOHANNESBURG, South Africa (Bloomberg) -- South Africa may split rules for the nascent oil and gas industry from its amended mining laws should the government find the regulations are at odds with the constitution, the mineral resources minister said. The government is testing whether the changes to the Mineral and Petroleum Resources Development Act are constitutional after they were passed by Parliament earlier this year. There are “interesting opinions in that regard,” Ngoako Ramatlhodi told reporters in Johannesburg Oct. 8. Oil, gas and mining “are different animals, therefore justifying different sorts of rules,” he said.

Maurel & Prom inks gas sales agreement for Tanzania fields

PARIS, France -- Maurel & Prom has reported that along with Mnazi Bay license partners Wentworth and Tanzania Petroleum Development Corporation (TPDC), it has signed a gas sales and purchase agreement with TPDC for the long-term sale of natural gas from the Mnazi Bay and Msimbati fields in southern Tanzania to the government owned and operated Mtwara to Dar es Salaam pipeline and Madimba central processing facility (Pipeline Project) currently under construction and scheduled for completion and commissioning in Q1 2015.

Japan’s Mitsubishi acquires stake in Cote d’Ivoire block

TOKYO, Japan -- Japan's Mitsubishi Corporation (MC) has agreed to acquire a 20% ownership interest in Block CI-103 from U.S.-based Anadarko Petroleum Corporation. Block CI-103, which is located off the coast of Cote d’Ivoire, is currently in appraisal.

South Sudan to split oil block as lawmakers question award

JUBA, South Sudan (Bloomberg) -- South Sudan plans to split an oil block awarded to Star Petroleum SA, a Luxembourg-registered company, as part of a review of a concession criticized by the country’s lawmakers, Petroleum Minister Stephen Dhieu Dau said. Block E, which covers 45,000 sq km (17,375 sq miles), will be divided into two, Dau said in an interview on Sept. 9 in the capital, Juba.

Oceaneering's contract with BP Angola extended

HOUSTON -- Oceaneering International has reported that BP has exercised both one-year options to extend the field support vessel services contract with Oceaneering for work offshore Angola on blocks 18 and 31. Under this contract term extension, Oceaneering will continue to provide project management, engineering, and vessel services through January 2017.

Bourbon faces Ebola damage in Nigeria amid loss in first half

PARIS, France (Bloomberg) -- Bourbon SA, which runs supply and crew ships for the offshore energy industry, swung to a first-half loss and said its operations in Nigeria’s oil-rich delta have been affected by the Ebola outbreak.

Shell advances Nigerian oil field sale to meet $15 bn plan

THE HAGUE, Netherlands (Bloomberg) -- Royal Dutch Shell Plc is advancing plans to sell four fields in Nigeria to meet a $15 billion asset-sales plan. The company “has signed sales and purchase agreements for some of the oil mining leases but not all that we are seeking to divest,” Shell Petroleum Development Co. of Nigeria Ltd. said Aug. 27 in an emailed statement. “The assets under consideration are OMLs 18, 24, 25, 29 and the Nembe Creek Trunk Line, but the process has not yet concluded.”

Bowleven provides update on Etinde farm-out to Lukoil/NewAge

DOUALA, Cameroon -- Bowleven Plc, reported that all parties to the Lukoil/NewAge Etinde farm-out agreement stated on 24 June 2014 have agreed to an extension to the longstop date. With the majority of conditions to transaction completion now satisfied, the longstop date has been extended by two months, to 31 October 2014, to enable satisfaction of the few remaining conditions.

Bumi Armada inks $3 bn FPSO contract with Eni for Angola's East Hub field

KUALA LUMPUR, Malaysia -- International offshore oilfield services provider, Bumi Armada Berhad (Bumi Armada), reported the signing of a contract between eni Angola SpA (eni Angola) and the consortium of Bumi Armada Offshore Holdings Limited (BAOHL) and Angoil Bumi JV Lda (ABJL), for the chartering, operations and maintenance of a Floating Production, Storage and Offloading vessel (FPSO) for deployment at the Block 15/06, East Hub field located in deep water offshore Angola (The Contract).

2H secures Kaombo contract

RIO DE JANEIRO, Brazil -- 2H Offshore, an Acteon company, has been appointed by Heerema Marine Contractors (HMC) to engineer hybrid risers for Total’s Kaombo Block 32 project. HMC, together with consortium partner Technip, were awarded the contract for the EPCI and pre-commissioning of the SURF scope for the Kaombo development by Total.

NCS Survey Ltd awarded five year subsea contract with Ceona

WESTHILL, United Kingdom -- NCS Survey, an Acteon company, has been awarded a five year contract for positioning services with SURF company, Ceona. Mobilisation has been successfully completed on the first vessel, Ceona’s DP3 multi-purpose vessel, the Normand Pacific.

Dragon Oil sees Egypt as ‘prime’ area for expansion, CEO says

DUBAI, United Arab Emirates (Bloomberg) -- Dragon Oil Plc CEO Abdul Jaleel Al Khalifa sees Egypt as “one of the prime areas” for expansion after the explorer secured its first contract in the country. “There’s a lot of potential in small deals in Egypt,” Al Khalifa said in a phone interview. “There are also big acquisition targets available. It’s a country with its own challenges, but it’s considered to be a huge growth market for newcomers.”

Nigeria, Shell failing to clean oil pollution, report says

LONDON (Bloomberg) -- Nigeria’s government and Royal Dutch Shell Plc have failed to act on a United Nations 2011 report on oil pollution in Ogoniland in the Niger delta, according to an Amnesty International joint assessment. A recommendation by the United Nations Environmental Program to set up a $1 billion fund to clean up contaminated land in the region hasn’t been implemented and both the government and The Hague-based Shell have taken little action, according to the report published by Amnesty, Centre for Environment, Human Rights and Development, Environmental Rights Action, Friends of the Earth Europe, and Platform.

ConocoPhillips completes sale of Nigeria business

HOUSTON -- ConocoPhillips has completed the transaction with Oando Energy Resources (OER), a subsidiary of Oando PLC, for the sale of its Nigeria upstream business for a total sales price, after customary adjustments, of $1.5 billion. The sales price is inclusive of $550 million of deposits received, approximately $900 million received at closing, plus $33 million in deferred payments. The sales price less the cash in the business at closing, approximately $100 million, generated net proceeds of approximately $1.4 billion, after customary adjustments. The company expects to recognize an after-tax gain of approximately $1.1 billion for the sale.‪

N’Goma FPSO arrives at Paenal shipyard in Angola

SCHIEDAM, Netherlands -- Following a voyage of 7,331 miles (13,577 km), N’Goma FPSO safely berthed at Paenal’s 490-metre quayside at Port Amboim on 17th June 2014. The arrival of the vessel in Angola from Singapore marks the young yard’s second mega FPSO in just eight months.

Chevron sells interests in Chad, Cameroon

SAN RAMON, California -- Chevron Corporation's subsidiary, Chevron Global Energy Inc., has sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for approximately $1.3 billion. The sale closed June 13.

Tellus Resources acquires interest in Block 3114 in Madagascar in deal with Caravel Energy

ADELAIDE -- Tellus Resources reported that it has agreed to acquire a 25% interest (with the right to acquire up to an 80% interest) in a drillready and large scale oil exploration asset, located onshore on the Island of Madagascar, off the south-east coast of Africa.

Brent Oil holds after biggest weekly gain in a month, WTI steady

LONDON (Bloomberg) -- Brent crude held after its biggest weekly gain in a month on escalating violence in Libya, the holder of Africa’s largest oil reserves. West Texas Intermediate in New York was steady.