News / International
Total to Develop Iran’s South Pars field
French Total signed memorandum of understanding (MoU) with the National Iranian Oil Company (NIOC) to develop a major offshore gas field under a 20-year contract worth $4.8b.
Nigeria, IOCs Settled for $5b
Nigeria has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production.
Kosmos to Farm Out Stake in Offshore Blocks
Kosmos Energy signed an agreement with Galp Energia, a subsidiary of SGPS S.A., to farm out 20% non-operated stake of its interest in Blocks 5, 11, and 12, offshore Sao Tome and Principe.
Bahrain, Eni to Study E&P Potentials
State Bahrain Petroleum Company (Bapco), Tatweer Petroleum, and the Italian Giant Eni have signed four agreements in order to study and assess the potential of some exploration and production assets in the Bahrain.
BP Extended Omani Gas EPSA
BP and Oman Oil Company Exploration and Production signed an agreement with the government of the Sultanate of Oman amending the Oman Block 61 exploration and production sharing agreement (EPSA) to extend the license area.
Morocco Issued $118 Green Bond
The Moroccan Agency for Solar Energy (Masen) has issued $118m green bond to help to finance the country's development of solar power.
Norway to Invested in Mozambique’s Oil, Gas
Norway is interested to invest in the sectors of oil and gas, agriculture and fisheries in Mozambique.
Benin to Expedite Gas-to-Power Plant
APR Energy has won a project for a fast-track dual-fuel power plant in Benin. The deal is a 12-month contract with Benin’s Ministry of Energy, Water and Mines for a 50 MW plant running on APR’s fuel-flexible aeroderivative turbines.
