Africa | Egypt Oil & Gas - Part 19
Tullow Reported First Oil from Ghana’s TEN
UK’s Tullow Oil has announced its first oil from the Tweneboa, Enyenra and Ntomme (TEN) fields, offshore Ghana. With an expected output of 80,000 bpd, TEN produces oil to the $1b floating production, storage and...
African Union Urges to Team Up for Energy Infrastructure Projects
African Union’s (AU) Commissioner for Infrastructure and Energy, Elham Ibrahim, suggested that African nations pursue joint infrastructure projects to fill the prevailing energy gap across the continent, reporte...
Nigeria, Angola Crude Exports to US Increased
Nigeria’s and Angola’s crude oil export to the US has risen from the 190,000 b/d recorded in Q1 of 2015 to 354,000 b/d in Q1 of 2016, the Organization of Petroleum Exporting Countries (OPEC) revealed in it...
Eni Plans to Invest $22.5b in Africa Over Next Four Years
Italy’s Eni plans to invest about $22.5b in Africa over the next four years, mostly in the oil and gas industry, the company’s CEO, Claudio Descalzi, said in a presentation at the International Energy Agen... Eni Mulls Investment in Solar Power Projects in Africa
Italian oil major Eni is ready to spend hundreds of millions of euros in developing solar power projects in Africa, the group’s CEO, Claudio Descalzi told in a parliamentary hearing in Milan, Reuters reported. D...
IMF is Ready to Lend to African Oil Producers, No Requests Made
The International Monetary Fund (IMF) said it stands ready to help sub-Saharan Africa’s oil exporters cope with plunging crude prices and growing fiscal pressures but has not received any new funding requests fr...
Africa’s PetroCurrencies Hit by Low Oil Prices
Africa’s petrocurrencies have been hit by low oil prices, plaguing economies of Angola, Nigeria, and Algeria, most notably, Quartz reported. Angola’s economy is in a rough spot, and its currency just hit a recor... India Seeks to Acquire Assets in Oil&Gas Industries in Africa
India announced it was opening negotiations with state-run oil and gas companies from Africa to acquire more assets on the resource-rich continent in downstream industries, hydrocarbon exploration and production, expo...
