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Issue 407 -
Equatorial Guinea: MoUs signed for new blocks
The Ministry of Mines and Hydrocarbons has signed memoranda of understanding (MoUs) with successful bidders from its 2019 licensing round during the Atlantic Council’s Global Energy Forum in Abu Dhabi.
Issue 407 -
Equatorial Guinea
Issue 407 -
Congo B: AAOG sale approved
Anglo African Oil & Gas (AAOG) shareholders voted on 13 January to approve the sale of 80% in AAOG Congo to London-listed Zenith Energy. Zenith also entered into a term sheet for a put and call option agreement over the remaining 20%, depending on the level of production...
Issue 407 -
Congo B
Issue 407 -
Nigeria: FID for NLNG Train 7
Eni and its partners in Nigeria LNG announced a final investment decision (FID) on 27 December for the long-mooted Train 7 expansion of the plant. The development will increase NLNG’s production capacity to more than 30m t/yr from the current 22.5m t/yr when it starts up in 2024...
Issue 407 -
Nigeria
Issue 406 -
Ghana: Springfield gives Afina reserves estimate
Springfield Exploration and Production has announced that the Afina-1 well on West Cape Three Points Block 2 contains 1.5bn barrels of oil in place and 0.7tcf of gas. Afina-1, which is located at a water depth of 1,030 metres, was drilled to a total depth of 4,085 metres and...
Issue 406 -
Ghana
Issue 405 -
Libya’s NOC defies uncertainty with bold investment plan
National Oil Corporation (NOC) chairman Mustafa Sanalla has unveiled a $60bn five-year investment plan to increase crude oil production from 1.25m b/d now to 2.1m b/d by 2024 and gas output to 3.5 bcf/d. Speaking at the Libyan British Business Council in Tunis on 26 November, he...
Issue 405 -
Libya
Issue 405 -
Majors to the rescue as Algerian policy remains in ferment
Major IOCs have underlined their business-as-usual approach in Algeria as both Italy’s Edison and France’s Engie announced on 19 November that they were renewing their strategically important long-term gas contracts. They join Italy’s Enel and Eni, Portugal’s Galp Energia,...
Issue 405 -
Algeria
Issue 405 -
Nigeria: Savannah completes Seven acquisition
AIM-listed Savannah Petroleum has finally completed the acquisition of Seven Energy’s assets, with the appointment of administrators to Seven Energy International Limited. The complex transaction, first announced in July 2017, involves the acquisition by Savannah of Seven Energy...
Issue 405 -
Nigeria
Consultancy
