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Issue 378 - 11 October 2018

Nigeria gas projects fight legislative fog

Nigerian president Muhammadu Buhari has surprised many investors by declining to sign into law the embattled Petroleum Industry Governance Bill. Claiming the bill would divert scarce financial resources from state coffers, Buhari in late August struck a potentially lethal blow...

Issue 378 - 11 October 2018

Nigeria

Issue 378 - 11 October 2018

Algeria: Total, Repsol to develop Erg Issouane gas field

The Algerian authorities have continued to sign new deals in the upstream and downstream sectors while advancing their more controversial agenda of exploiting shale resources despite public opposition. Preparations are building for a policy announcement in December which could...

Issue 378 - 11 October 2018

Algeria

Issue 378 - 11 October 2018

BP sells half-share of Libyan assets to Eni, raising prospect of exploration revival

On 8 October in London, BP group chief executive Bob Dudley, Eni chief executive Claudio Descalzi and National Oil Corporation (NOC) chairman Mustafa Sanalla signed a letter of intent paving the way for Eni’s purchase of a 42.5% interest in BP’s exploration and production-...

Issue 378 - 11 October 2018

Libya

Issue 378 - 11 October 2018

Niger: Savannah announces fifth discovery

The UK’s Savannah Petroleum has announced a fifth oil discovery in the Agadem Basin with the Zomo-1 well and will now halt drilling until early next year. Savannah plans to submit a prefeasibility study for a proposed early production system (EPS) to the Ministry of Petroleum by...

Issue 378 - 11 October 2018

Niger

Issue 378 - 11 October 2018

Mozambique: Contracts finally signed for bid round awards

The National Petroleum Institute (INP) has announced the signing of concession contracts for blocks awarded in a licensing round launched in October 2014. The INP said ExxonMobil had signed contracts on 8 October for the A5-B, Z5-C and Z5-D areas in the Angoche and Zambezi...

Issue 378 - 11 October 2018

Mozambique

Issue 378 - 11 October 2018

Gabon: Olowi FPSO contract terminated

Canadian Natural Resources (CNR) has terminated the contract for the Knock Allan floating production, storage and offloading (FPSO) vessel three months early as it winds down activity at the Olowi field. Malaysia’s Yinson Holdings said the FPSO contract was entered into on 30...

Issue 378 - 11 October 2018

Gabon

Issue 378 - 11 October 2018

Angola: Aker Solutions wins FPSO upgrade work

BP has given Aker Solutions a five-year contract to supply brownfield modifications, maintenance and operations support for the Greater Plutonio field on Block 18 and the PSVM cluster development on Block 31. The scope of work covers the supply of engineering, procurement, and...

Issue 378 - 11 October 2018

Angola

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