Uncategorised Archives - Page 114 of 117

3rd June 2020

Nigeria Commences 2020 Marginal Fields Bid Round for 57 Fields

Nigeria's Department of Petroleum Resources (DPR) has announced the commencement of its 2020 Marginal Field Bid Round exercise, with a total of 57 fields located on land, swamp, and shallow offshore...

2nd June 2020

Taelo Mojapelo is the New CEO of BP SA, as Priscillah Mabelane Heads to Sasol as Executive Vice President

BP Southern Africa Ltd has announced the appointment of Taelo Mojapelo as its new Chief Executive Officer effective from yesterday, June 1, 2020. She replaces Priscillah Mabelane. Mojapelo has a...

2nd June 2020

Total to ‘Total-ly’ Dominate Uganda’s Oil Sector

Total will be dominating Uganda's oil sector through its major ownership of 66.66% of Lake Albert oil projects. In 2022/2023, Total is expected to begin production with China National Offshore...

2nd June 2020

Angola is Renegotiating Terms With Lenders – President João Manuel

Angola is reportedly renegotiating with its key lenders to reschedule its debt payments, after an interruption of about three months due to the COVID-19 pandemic and the global drop in...

2nd June 2020

Algeria’s Sonatrach Becomes Majority Shareholder in Medgaz Natural Gas Pipeline

Algerian state-owned energy company, Sonatrach, has announced that it is now the majority owner of the 210km long Medgaz subsea pipeline which passes through Spain to Europe, after raising its...

30th May 2020

Turkey May Begin Oil Exploration in Libya in Coming Months

Turkey may begin oil exploration under Libya in the Eastern Mediterranean within the coming three or four months, even though the deal with Libya has come under condemnation from other...

30th May 2020

Libya Has Lost About 5 Billion Dollars to Oil Blockade – NOC

The Libyan National Oil Corporation (NOC) has announced that the oil blockade, which led to the shutdown of oil production and exports since January 19th due to an on-going supremacy...

30th May 2020

Sasol Not Divesting Its Downstream Fuel Retail Business

Sasol Limited, which recently cleared the air concerning reports that it was selling downstream fuel retail business centres to South Africa’s Central Energy Fund, has announced that it is not...

29th May 2020

Mozambican Government Renegotiates Terms of the Development of Offshore Area One

The government of Mozambique has restructured the shareholding and financing of the Liquefied Natural Gas (LNG) project of the Rovuma Offshore Area one. This new revision of the earlier signed...

29th May 2020

Ghana Encouraged to Diversify and Focus on Other Sectors

The effect of the COVID-19 pandemic on the global oil sector, which has led to a fall in oil prices, is allowing Ghana an opportunity to re-strategize from its dependence...