Africa
Tullow to spend US$250m on drilling activities as it ramps up production
Tullow Ghana is to spend US$250 million on drilling new wells in 2019 as it looks to ramp-up production. Tullow Ghana, which is now a stand-alone business because of its viability, currently produces 10,000bpd and 70,000bpd from the Jubilee and TEN Fields...
4th Africa Oil Governance Summit to focus on Local Content in Africa
Local content policy across the African continent is to form the core of discussions at the 4TH Africa Oil Governance Summit (AOG) 2018, to be held in Accra, Ghana. Slated for the13 to14th of November at the Labadi Beach Hotel Conference Hall in Accra, the Summit is...
Eni eyes further E&P opportunities in Libya
Head of the Presidential Council of the Libyan Government of National Accord has met with the CEO of Eni to discuss future exploratory opportunities and development investments in the country. Eni said that Fayez al-Sarraj met with the company’s CEO Claudio...
Saipem bags $700M in offshore contracts in Guyana and Congo
Italian oilfield services contractor Saipem has been awarded contracts for the second phase of the ExxonMobil led Liza field development offshore Guyana. It has also won an offshore work contract in Congo. Once the Liza 2 has been sanctioned, Saipem will then perform...
Tanzania Pipeline Deal Reflects Uganda’s Practical and Strategic Concerns
Plans for a 1,410-kilometre heated pipeline from Hoima in western Uganda to Tanzania’s deep water port at Tanga have been chosen to carry Uganda’s oil to international markets, over the initially favoured ‘northern route’ through Kenya. Heavy lobbying by international...
Nigerian oil revenues of $16bn ‘missing’
Nigeria's state-owned oil company has failed to pay the government $16bn (£11bn) in a suspected fraud, according to an official audit. The Nigerian National Petroleum Corporation (NNPC) provided no explanation for the missing funds, the auditor general told MPs. Oil...
Nigeria: NEITI Audit Uncovers N2.23 Trillion Lost, Unremitted Revenues By NNPC in 2013
The long-awaited Nigeria oil and gas as well as the solid minerals sectors 2013 audit reports by the Nigerian Extractive Industries Transparency Initiative, NEITI, was officially unveiled in Abuja on Monday. The Minister of Solid Minerals and Chairman, NEITI Board,...
