World Bank Halts Finance For Upstream Oil and Gas
The World Bank Group has announced that it will no longer finance upstream oil and gas, after 2019 as part of its continuation of its own operations and to support … Read More
Category: Top News
ExxonMobil Completes LNG Acquisition From Eni in Mozambique Area 4
ExxonMobil has announced the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility … Read More
BDO publishes 2020 oil and gas predictions
BDO has today published its 2020 OIL AND GAS PREDICTIONS report. The report spotlights four major trends to impact energy sources and infrastructure, forcing legacy national and corporate energy strategies … Read More
Spectrum commences 2D Multi-Client Survey Offshore Mozambique
Spectrum has announced the commencement of a 2D seismic survey offshore Mozambique on behalf of the Institute of National Petroleum (INP) and in anticipation of future license rounds. This new … Read More
East Africa Energy and Infrastructure Summit Set For Kampala in February 2018
The East Africa Energy and Infrastructure Summit will unite the leading entities in the region to focus on what is needed to unlock investment in energy and infrastructure for regional … Read More
Eni achieves financial close for Coral South FLNG in Mozambique
Eni, together with its Area 4 Partners, have announced that the Coral South FLNG multi-sourced project financing achieved financial close, for a total amount of US$ 4,675,500,000 split in the … Read More
Landing String Solutions, Trelleborg Partner to Manufacture Buoyancy System
Landing String Solutions LLC has signed an agreement with Trelleborg’s offshore operation for Trelleborg to manufacture its patented landing string buoyancy system featuring 100% composite materials. Through this agreement, both … Read More
Octant Energy Plans 4 wells, 2D Seismic in Kenya’s Mandera and Lamu Basin Blocks
Octant Energy which took over from Afren operated Blocks 1, L17 and L18 plans to carry on with already identified drill ready prospects in the three blocks as well as … Read More
Kenya’s National Oil Corporation to Dual List in Nairobi and London in 2019
The government of Kenya plans to raise $1 billion by listing the state owned National Oil Corporation at the Nairobi Securities Exchange and the London Stock Exchange in the early … Read More
Uganda Lures DRC into the East Africa Crude Oil Project
The Uganda government is trying to interest the Democratic Republic of Congo to use the East Africa crude oil project (EACOP) to export its oil. Earlier this week Minister of Energy … Read More