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(Reuters) The European Union is planning a five-fold increase in financial support to an African military mission in Mozambique, an internal EU document shows, as Islamist attacks threaten gas projects meant to reduce the EU's reliance on Russian energy. The energy squeeze due to the Ukraine war has added impetus to Europe's scramble for gas... Continue Reading →
(OE) Oil and gas company Eco Atlantic said Friday it expected to start drilling at its Gazania-1 well off South Africa in September, as the Island Innovator rig, owned by Island Drilling Company AS, was released and mobilized Friday. The Gazania-1 well is located in the Orange Basin in South Africa. The Orange Basin straddles... Continue Reading →
Italian oilfield services firm Saipem said Thursday it had secured three new engineering and construction contracts - one onshore and two offshore - in Angola. The total value is around $900 million. The contracts are with the New Gas Consortium comprised of BP's and Eni's recently established Azule Energy Angolan JV, and Sonangol P&P, Chevron, and TotalEnergies,... Continue Reading →
(OE) Major energy traders are taking hundreds of millions of dollars in losses as they scramble to plug a liquefied natural gas (LNG) supply gap after several outages hampered efforts to fill European storage ahead of the winter heating season. Unplanned disruptions at LNG plants in the United States, Nigeria and Australia have wrong-footed traders, including... Continue Reading →
(Reuters) - Nigeria's petroleum regulator said on Tuesday it stood by its refusal to approve Exxon Mobil's $1.28 billion sale of shares in its Nigerian unit to Seplat (SEPLAT.LG) after President Muhammadu Buhari approved the transaction. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) head, Gbenga Komolafe, said under a new petroleum law passed last year, the petroleum minister... Continue Reading →
Oil and gas company BW Energy has signed an up to $300 million international Reserve Based Lending (RBL) facility, to finance further development work in a block offshore Gabon. The facility has an initial commitment of $200 million which can be expanded up to an additional $100 million. The secured long-term debt facility has been... Continue Reading →
(Reuters) - Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil's Nigerian unit by Seplat Energy (SEPLAT.LG), in a $1.28 billion deal announced in February. Buhari, who doubles as oil minister, granted ministerial approval to the deal, the presidency said in a statement on Monday. Exxon and Seplat are expected to operate... Continue Reading →
The Netherlands-headquartered maritime services company EMAR Offshore has bought two fast crew supplier (FCS) vessels from the Dutch shipbuilder, Damen Shipyards Group. As both vessels are already in stock, one of them has already kicked off operations in Angola to support the country’s oil and gas industry, while the second vessel is expected to join the... Continue Reading →
Over the second quarter of 2022, BP’s Greater Tortue Ahmeyim (GTA) project in Mauritania and Senegal achieved a 5 per cent progress, when compared to the previous quarter of the year, topping the 80 per cent mark. The project is on track for the first gas in 3Q 2023 despite delays related to the FPSO... Continue Reading →
Italian oil major Eni announced it has signed a deal to to buy the Tango FLNG floating liquefaction plant from Belgium-based Exmar for use in the Republic of Congo. Under the agreement, Eni will acquire Exmar's company Export LNG Ltd, which owns the Tango FLNG. Tango FLNG, delivered in 2017, has a storage capacity of... Continue Reading →
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