Tuesday, March 28, 2017

Floating Natural Gas Plant Imminent in Kribi

Government and the National Hydrocarbons Corporation/Perenco Cameroon/Golar Cameroon/Golar Hilli consortium have agreed to install and exploit a floating natural gas liquefaction plant off the coast of Kribi in the South Region. The Executive General...

Sasol is Set to Explore Oil Wells in Mozambique

Sasol's efforts to take advantage of Mozambique's significant oil and gas resources have paid off as the company is set to explore wells after two of its three applications in Mozambique's fifth Licensing Round...

Mercuria Plans To Invest Over $200m In Forte Oil

Indication has emerged that Mercuria Energy Group Limited, one of the largest integrated energy and commodity trading companies in the world, is in close talks to buy a 17 per cent stake, worth over...

Angola To Meet U.S., European Investors For First Eurobond Sale October 26

Angola, sub-Saharan Africa’s second-largest oil producer, plans to meet investors in the U.S. and Europe effective October 26 to generate interest in its first Eurobond sale, Footprint to Africa reports. According to a source familiar...

World Bank Revises 2015 Oil Price Forecasts To $52bn/pb

The World Bank has disclosed that it is lowering its 2015 forecast for crude oil prices from 57 dollars per barrel in its July report to 52 dollars per barrel. This is according to the...

NNPC Obtains 101 Oil Trading Firms Bids For New OPA Offer

The Nigerian National Petroleum Corporation (NNPC) said it has obtained a total of 101 offers from diverse oil trading firms who had put in bids to participate in the Offshore Processing Agreement (OPA) it...

Mozambique Expects $212b In LNG Payments

Mozambique is expected to gain as much as $212 billion in taxes, dividends, bonuses and other payments over the lifetime of the liquefied natural gas LNG project in Palma. The chairperson of the National Hydrocarbon...

Maersk Oil To Acquire Africa Oil Corp Shares In Kenya & Ethiopia

Maersk Oil has expressed its readiness to acquire half of Africa Oil Corporation’s shares in three onshore exploration licences in Kenya and two others in Ethiopia. The licences cover an area of ca. 100,000 square...

China Secures More Oil, Gas Exploration Contracts In Sudan

China has obtained an exploration contracts for oil and gas in new blocks in Sudan. The Sudanese Minister of Petroleum and Gas, Dr. Mohamed Zayed Awad announced the approval of China to enter into new...

Oando Energy Resources Upsizes $91m RBL Facility

Oando Energy Resources Inc., an oil and gas exploration and production company in Nigeria, has announced a $91 Million upsizing of its senior secured facility (the “RBL Upsize”) from $215 Million to $306 Million,...