Uncategorised Archives - Page 74 of 118

4th December 2020

Senegal: Woodside Exercises Right to Pre-empt FAR’s Sangomar Sale to ONGC Videsh

Australian giant Woodside has announced that it is exercising its right to pre-empt the sale of FAR Ltd entire participating interest in the Rufisque, Sangomar and Sangomar Deep (RSSD) joint...

4th December 2020

Sudan Invites Investors to her 6 Billion Barrels of Oil Reserves

The Undersecretary of the Ministry of Energy and Mining, Sudan, Suleiman Hamed, said that the oil reserves in the country are approximately 6 billion barrels. He said this shows that the...

3rd December 2020

Banco Comercial Português Publishes Statement on Angola’s Sonangol’s Shareholding

The largest private bank in Portugal, Portugese commercial bank - Banco Comercial Português, S.A. released an official statement to clarify the news about the shareholding of Sociedade Nacional de Combustíveis...

3rd December 2020

Afrexim and AEICORP Sign Agreement to Grow the African Energy Sector

The African Export-Import Bank (Afreximbank) and Africa Energy Investment Corporation (AEICORP) has signed a preliminary framework agreement that was brokered by Egypt to enhance the energy sector in Africa. The...

3rd December 2020

NNPC Launches Bid for PHRC ‘Engineering, Procurement and Construction’ Phase

The Nigerian National Petroleum Corporation (NNPC) has opened bids for the Engineering, Procurement and Construction (EPC) phase of the Port Harcourt Refining Company (PHRC). The e-launch had the Bureau of...

2nd December 2020

Sasol to Divest Interest in Gemini JV to INEOS; Eni to Resume Libyan Operations

Sasol has agreed principle terms with its partner in the Gemini high-density polyethylene joint venture, INEOS, to sell 50% of its interest for $404 million. The transaction is to close...

2nd December 2020

TechnipFMC Starts Work on new Hydrocracking Complex in Egypt

TechnipFMC has completed the remaining conditions that are required to enable work to commence on the Engineering, Procurement and Construction (EPC) contract with Assiut National Oil Processing Company (ANOPC) for...

1st December 2020

Sudan Owes $3 billion Oil debt to China, India and Malaysia

The Deputy Minister of Energy and Mines, Sudan, Hamid Suleiman, disclosed that Sudan is owing to China, India and Malaysia, a combined sum of $3 billion. The debt to China...

1st December 2020

Tullow Oil to Expand its Ghanaian Business; Cameroon Issues Call for Tenders

Tullow Oil announces it aims to generate around $7 billion in profits over the next ten years by expanding its Ghanaian business. Although it currently has significant debt since 2019,...

1st December 2020

Eco Atlantic Oil & Gas Renegotiates Four Namibian Petroleum Exploration Licenses

Eco Atlantic Oil & Gas has negotiated the re-issuance of a new 10-year life cycle for its four licenses in the Walvis Basin, Offshore Namibia, subject to the final government...