News / International

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.

Zimbabwe to Build an Ethanol Facility

Zimbabwe’s National Oil and Infrastructure Company will issue a tender for the construction of its 3m liter ethanol storage and handling facility in Harare.

Nigeria to Build LPG Terminal

Techno Oil Limited has sealed a deal with Cakasa Nigeria Limited for the construction of a 12,000 tones automated terminal for Liquefied Petroleum Gas (LPG), also known as cooking gas. The terminal will be located in Lagos State.

Iran, Finland to Cooperate in Power Generation

The Industrial Development and Renovation Organization of Iran (IDRO) has signed a memorandum of understanding (MoU) with Finland's Wärtsilä on the development of decentralized power generation in Iran.

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