EGYPT: SDX Energy Disposes Non Core Assets
SDX Energy Plc, the MENA-focused oil and gas company, announces that it has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert … Read More
Category: Top News
OPEC launches its 2020 Annual Statistical Bulletin
The OPEC Secretariat today launched the 55th edition of one of its flagship publications, the Annual Statistical Bulletin (ASB), via videoconference and livestream on the OPEC website (www.opec.org). The launch … Read More
ZIMBABWE: Invictus Energy Completes Placement for the Cabora Bassa project
Invictus Energy Limited has announced that the Company has completed the placement for an equivalent AUD$0.44 million with the Mangwana Opportunities Fund as announced on 30 April 2020 following approval … Read More
LIBYA: NOC Condemns Renewed Blockade of Oil Exports
Libya’s National Oil Corporation (NOC) has condemned the renewed blockade on Libyan oil exports, and called for the states responsible to be held to account by the United Nations Security … Read More
Energy Lobby Lauds the Bank of Central African States (BEAC)’s Authorization to Open Foreign Currency-labelled Escrow Accounts
In its Ordinary Meeting held on July 2nd, 2020, the Board of Directors of the Bank of Central African States (BEAC) has allowed the opening of foreign currency escrow accounts … Read More
NIGERIA: Lekoil Executes Definitive Service Agreements for the Otakikpo Drilling Programme
LEKOIL has announced that the Otakikpo Joint Venture which is made up of Green Energy International Limited (GEIL), the Operator of the Otakikpo Marginal Field, and the Technical Partner, LEKOIL … Read More
Egypt: Pharos Energy Provides El Fayum Concession Update
El Fayum Production Production for the first half of 2020 from the El Fayum Concession averaged 5,979 bopd. This is in line with the Egypt 2020 production guidance given on … Read More
FPSO Awards Are Set To Recover To Seven Vessels Next Year
Hit by the second industry downturn in five years, global awards for floating production, storage and offloading (FPSO) vessels will likely be limited to a single unit in 2020, Rystad … Read More
FNB Consortium to Fund Total’s LNG Project in Mozambique
South African lender FNB Mozambique has announced that it is extended $15.8 billion to French Oil major Total to fund its massive liquefied natural gas (LNG) project in northern Mozambique. According to … Read More
LIBYA: NOC Ready To Lift Force Majeure At Es Sider Oil Port
Libya’s National Oil Corporation (NOC) has said it is ready to lift the force majeure at Es Sider Oil Port allowing for the resumption of operations to resume. In a … Read More