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Issue 401 - 10 October 2019

Total closes Anadarko Mozambique acquisition

Total on 30 September announced the closing of its acquisition of Anadarko’s 26.5% operated interest in the Mozambique LNG project for a purchase price of $3.9bn. Total agreed with Occidental Petroleum in May to acquire Anadarko’s assets in Mozambique, Algeria, Ghana and South...

Issue 401 - 10 October 2019

Mozambique

Issue 401 - 10 October 2019

Algeria: ExxonMobil joins Alnaft study

ExxonMobil signed an agreement with regulator Agence Nationale pour la Valorisation des Ressources en Hydrocarbures (Alnaft) on 29 September to participate in a study assessing the hydrocarbon potential of basins in the Algerian Sahara. Exxon has been looking at opportunities in...

Issue 401 - 10 October 2019

Algeria

Issue 401 - 10 October 2019

Angola: ANPG sets out bid round terms

The new Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) on 2 October published bidding parameters for the ten blocks in the 2019 bid round. The terms, published on the ANPG website, include a carried 20% stake for state oil company Sonangol in each block. Biddable...

Issue 401 - 10 October 2019

Angola

Issue 401 - 10 October 2019

Gambia: FAR, Petronas increase stakes

Australia’s FAR and Malaysia’s Petronas have increased their stakes in blocks A2 and A5 following the liquidation of Erin Energy. FAR said on 1 October the government had issued new licences with updated terms, giving each company 50% in the licence. Terms include signature...

Issue 401 - 10 October 2019

Gambia

Issue 401 - 10 October 2019

Ghana: Springfield spuds Afina well

Ghanaian independent Springfield Exploration and Production Limited spudded the Afina-1X well on West Cape Three Points Block 2 on 7 October using the Stena Forth drillship. The well will test Cenomanian potential on a similar play fairway to resources discovered by Eni to the...

Issue 401 - 10 October 2019

Ghana

Issue 401 - 10 October 2019

Maurel & Prom: New CEO

Maurel & Prom has named former Total executive Olivier de Langavant to replace Michel Hochard as chief executive. De Langavant, a former managing director of Total E&P Angola who was most recently a member of the Total Group Management Committee, takes over with effect...

Issue 401 - 10 October 2019

Africa

Issue 401 - 10 October 2019

Carlyle backs new Heavey venture

Tullow Oil veterans Aidan Heavey and Tom Hickey have won backing from The Carlyle Group for a new company targeting acquisitions of up to $1bn, focusing on oil and gas assets across sub-Saharan Africa. Carlyle Group said on 1 October that Boru Energy would aim to assemble a...

Issue 401 - 10 October 2019

Africa

Consultancy