Africa | Egypt Oil & Gas - Part 38
EnQuest Drops Tunisia Farm-in Deal
EnQuest has exited from its proposed farm-in to Tunisia’s Didon oilfield and the Zarat permit after failing to receive approval within the time frame. The backstop date for the transaction has now passed and the parti...
Libya’s Kidnapped OPEC Envoy Freed
A senior oil official who represents Libya in the OPEC cartel has been freed after being kidnapped last month in Tripoli, National Oil Company sources said Monday. Samir Salim Kamal, an NOC engineer who is also Libya&...
Nigeria Cuts Down 2015 Joint Venture Oil Capex by 40%
Nigeria is reducing its capital budget for joint venture oil operations by 40% this year to $8.1 billion due to the slump in crude oil prices, sources at the Nigerian National Petroleum Corporation said Monday. Nigeri... Cape Three Points Offshore Ghana Development Underway
MILAN, Italy — Eni, Vitol, and Ghana National Petroleum Corp. (GNPC), along with the President of the Republic of Ghana John Dramani Mahama and the Minister of Petroleum Emmanuel Armah-Kofi Buah, have signed an ...
Tight Budgets to Impact Deepwater Africa Ambitions
EDINBURGH, UK – Wood Mackenzie predicts a 30% reduction in spending on exploration and appraisal offshore Africa this year. Expenditure will likely switch from high-risk, high-cost wildcats to appraising discoveries o...
EnQuest Halts Investment in Tunisia
EnQuest Plc has exited from its small investment in Tunisia. In May 2013, EnQuest agreed to acquire interests in the Didon producing oil field and the Zarat permit, from PA Resources AB and certain of its subsidiaries...
OPIC Plan for Liberia Biomass Collapses
BUCHANAN, Liberia (AP) — On paper, the pitch was simple: A renewable energy company backed by $217 million in U.S. government loans would convert one of Africa’s poorest countries into the world’s first bi... Eni Leases $2.54-billion Contract for Ghana FPSO
Eni SPA unit Eni Ghana Exploration & Production Ltd. has let a $2.54-billion contract to Malaysia’s Yinson Holdings Bhd. for the chartering, operation, and maintenance of a floating production, storage, and offloa...
