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Algeria: Sonatrach and Naturgy Amend Gas Sales Contracts; Discuss Future Cooperation

The state-owned Algerian oil company, Sonatrach, and Spanish company, Naturgy, signed amendments to the gas sales contracts that bind both companies. The signing of these amendments solidifies the partnership of...
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OPEC Publishes 2020 World Oil Outlook 2045

The 2020 OPEC World Oil Outlook (WOO) was launched on 8th October 2020 in Vienna, Austria. The latest edition avails the Organisation with an in-depth look at the unprecedented scale...
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Angola Signs Three Agreements with ExxonMobil for the Exploration of the Namibe Basin

The Angolan National Oil, Gas and Biofuels Agency (ANPG) has signed three Risk Service Agreements with ExxonMobil and Sonangol intending to increase the exploration area in the offshore area, Angola. The...
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Rosgeo Begins Geological Mapping Project in Equatorial Guinea

Russian geological exploration company, Rosgeo, has deployed a preliminary team in Equatorial Guinea to start work on a geological mapping project in the country. This project is part of a...
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Nigeria: Aveon Offshore Limited Announces Completion of the Anyala Production Deck Module

Aveon Offshore Limited has announced the successful completion of the construction of the 350-tonne topside Production Deck Module for the Nigerian National Petroleum Corporation (NNPC)/First Exploration and Production Development Company...
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Nigeria: NNPC to Continue DSDP Programme for Petroleum Products Until 2023

The Head of Nigeria's National Oil Company, Mele Kyari, said that the overhauling of the four state-owned refineries is an integral part of the Nigerian National Petroleum Corporation's (NNPC) plans....
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Trinity Energy to Construct $500 million Refinery in South Sudan

South Sudanese oil marketing firm, Trinity Energy, plans to construct a $500 million crude oil refinery in South Sudan for the sale of refined petroleum products. The company is also...
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Volkswagen Seeks for Incentives to Join Egypt’s Autogas Plan

Volkswagen is pushing for tax breaks and localisation incentives in Egypt before it commits to producing natural gas-powered vehicles in the country with the largest economy in North Africa. The...
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South Sudan to offer 14 Blocks in Licensing Round as Oil Production Drops to 165,000 BPD

Following a recent decline in oil production by 5,000 barrels, the Minister of Petroleum South Sudan, Awow Daniel Chuang, said the country is planning to offer 14 new blocks for...
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Nigeria: PIB Proposes the Creation of Midstream Gas Infrastructure Fund, MDPRA

The Nigerian Petroleum Industry Bill 2020 is said to be proposing the establishment of a new intervention Fund to be called the Midstream Gas Infrastructure Fund, and a new regulatory...
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