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Outlook for Africa’s oil & gas industry improves – PwC report

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient. Companies have adopted to a low-cost environment, which promises to be even more beneficial given the current recovering oil price. …

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Lundin Petroleum faces potential corporate fine & forfeiture of economic benefits in relation to past operations in Sudan

Lundin Petroleum has received notification from the Swedish Prosecution Authority on 1 November 2018 that the Company may be liable to a corporate fine and forfeiture of economic benefits in connection with the preliminary investigation into past operations in Sudan from 1997 to 2003. The Swedish Prosecution Authority has issued a notification of a corporate fine and …

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Public Hearings for the ESIA Report for Uganda’s Proposed Tilenga Development Project

https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeI.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeII.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeIII.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeIV.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeV.pdf http://ug.total.com/sites/default/files/atoms/files/final_tilenga_project_rap1_report.pdf  

FAR Ltd Secures 24 month ESIA License Renewal For Kenya’s Block L6

Australian explorer FAR has reported that it has secured a 24-month renewal to the existing Environmental and Social Impact Assessment License in effect across the onshore areas of Block L-6 from the Ministry of Petroleum and Energy. This renewal comes even as the company continues to seek another non-operations extension to the current Permit Year …

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Simba Essel Seeks Drilling Permit for Block 2A

Block 2A operator Simba Essel has submitted a technical presentation to the Ministry as part of their application to obtain a formal permit to drill after review of data pertaining to the interpretation of seismic data from the recent survey which produced a total of five hundred and twenty (520) kilometers of 2D seismic lines …

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Total and CNOOC Strengthen Their Long-Term Cooperation in LNG

Total and CNOOC have signed an amendment to their existing sale and purchase agreement (SPA) for liquefied natural gas (LNG) supply to further strengthen their cooperation in the LNG business. The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total’s global LNG portfolio, and …

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Weatherford announces sale of laboratory services business

Weatherford International has signed a definitive agreement to sell its laboratory services business to a group led by CSL Capital Management for $205 million in cash. Under the agreement, Weatherford will divest its laboratory and geological analysis business, including personnel and associated contracts. After exiting the laboratory business, Weatherford will continue to maintain a close, …

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Bounty Oil & Gas ejected from Tanzania’s Kiliwani North Development License JV

The Kilimani North Development License (which contains the Kiliwani North field and Kiliwani South prospect)joint venture comprising of Ndovu resources, RAK Gas and Solo Oil have taken over Bounty Oil & Gas interests following the company’s failure the meet its commitments as per the joint operating agreements. According to license operator Aminex which owns 100% …

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Delonex Energy Completes 2D seismic acquisition in Block 12A

Block 12A operator Delonex Energy has completed the acquisition of 2D seismic in the block which was undertaken with the aim of obtaining additional structural subsurface information from seismic data as part of the exploration for viable hydro-carbons in the block According to a source the survey carried out by Chinese geophysical service company BGP …

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Atlas Oranto Petroleum launches the Construction of Two Schools in Yirol and Rumbek, South Sudan

Oranto Petroleum Ltd (Oranto) (Atlas-Oranto.com) has completed the award of a contract for the construction of two primary schools to be located in Yirol and Rumbek, two communities located in central South Sudan and northwest of Juba, the country’s capital. Estimated at over US$800,000, the project for the construction of the schools will be executed …

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