Uncategorised Archives | Page 115 of 118

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...

29th May 2020

New IEA Reports Predict Energy Investments May Fall by One-Fifth in 2020

The International Energy Agency has recently released the fifth edition of its annual World Energy Investment report, where it looks at the effect of the COVID-19 pandemic and its impact...

28th May 2020

Recent Purchase in Asia Indicates Demand for Oil is Gradually on the Rise

According to reports, crude oil buyers in Asia are purchasing distressed cargoes of oil from Africa to the Middle East. This is a sign that the oil market is gradually...

28th May 2020

Angola Executes Farm-in Agreement with Melbana Energy

Sonangol Group (Grupo Sonangol), the state-owned company tasked with overseeing the affairs of petroleum and natural gas production in Angola, has executed a farm-in agreement with Australian oil and gas...