Ivory Coast has signed a partnership deal to create a group led by Total for the construction of a liquefied natural gas (LNG) import terminal to start receiving gas shipments by mid-2018. The consortium will include Shell, Endeavor Energy, Ivory Coast’s state oil company Petroci, CI-Energies, SOCAR and Golar LNG with Total as the operator of the project. According to the Ministry of Energy,...

The Democratic Republic of Congo and Tanzania have entered into a memorandum of understanding (MoU) to explore the petroleum potential of Lake Tanganyika together. The agreement was signed in Dar es Salaam in the presence of Tanzanian President John Magufuli and Congolese President, Joseph Kabila. “We have already discovered oil in the western parts of Lake Albert, and there’s a great...

State-owned oil company Empresa Nacional de Hidrocarbonetos (ENH) has announced that it has entered into a sales agreement with BP for the sale of liquefied natural gas (LNG) from the South Coral field, in Area 4, offshore Mozambique. According to ENH, the operator of the field, Eni, also signed the agreement, Reuters reports. “The contract is valid for 20 years, covering the sale of all LNG...

  Seadrill Partners has received a notice of force majeure from Tullow concerning the West Leo rig contract for the TEN development project in Ghana. According to Seadrill, the notice which took effect from October 3, claimed the TEN field that the rig was hired for, has been subjected to a drilling suspension by the government of Ghana. The legally authorized suspension was put in place...

Portugal’s REN’s Sines LNG terminal situated on the Atlantic coast is expected to receive a cargo of liquefied natural gas from Algeria next week. The shipping data from the port of Sines shows that the 126, 132-cbm LNG carrier Mourad Didouche loaded the cargo at Algeria’s 16.3 metric ton per annum Arzew liquefied natural gas plant and is expected to be received in Portugal on October...

State oil firm, Gabon Oil Company (GOC), has signed its first oil production contract with the acquisition of the Mboumba field and hopes to make enough revenue soon, so as to compete with international firms for offshore blocks. The acquisition of the Mboumba field will mean GOC has production of around 1,500 barrels per day.“The Mboumba field... (was) signed a few days ago with the oil...

As part of efforts to ensure that Nigeria becomes a fully industrialized country by 2020, the Nigerian National Petroleum Corporation (NNPC) has said that the nation would have to boost its oil and gas reserves and produce about 15 billion standard cubic feet per day of gas. This was declared by the Group Managing Director of NNPC, Maikanti Baru, during a dinner hosted by the Nigerian...

Petrobel has announced that the plans for Egypt’s Zohr field comprises of the drilling and continuation of 20 wells, and also the installation of 20 deep wellheads underwater.Three electro-hydraulic control cables have already been installed at the field and the company plans to also install measuring, protection and controlling equipment and gas transporting networks. According to...

The South African Department of Energy has announced that the price of all grades of petrol and diesel will increase from October 5, 2016. According to the department, the price of Unleaded petrol 93 (ULP) and Lead Replacement Petrol (LRP) will rise by 44 cents per litre, petrol 95 ULP and LRP will increase by 43 cents per litre while diesel will increase by 23 cents per litre.The wholesale...

South Africa is expected to announce the selected bidders for multi-billion dollar gas-to-power projects by the end of March 2017, a government document has revealed. According to a department of energy memorandum, syndicates were asked in May 2015 to submit plans for the construction of South Africa's first liquefied natural gas (LNG) import terminal, gas-fired power plants, storage facilities...