Chevron | Egypt Oil & Gas - Part 14
Nigeria Reaches $5.1b Debt Deal with Oil Majors
Nigeria has reached a $5.1b settlement to reimburse foreign oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, for past operating costs, Bloomberg reported. Nigeria’s Oil Minister, Emmanuel Ib...
Mafumeira Sul field Began Oil Output
Angolan state oil company Sonangol and its partners including oil major Chevron have started production at the Mafumeira Sul oil field with an initial output of 10,000b/d, Reuters reported. The Mafumeira Sul project i...
Nigeria, IOCs Settled for $5b
Nigerian Oil Minister Emmanuel, Ibe Kachikwu, said that the country has reached a $5b outline settlement with five oil majors to cover outstanding payments for joint exploration and production. This settlement related...
Chevron to Sell African Assets
Total, Glencore and Gunvor are bidding for a 75% stake in Chevron’s South African downstream assets, which include a 110,000b/d refinery in Cape Town, Reuters reported. The second bidding round in which actual o...
Angola LNG Shipped Second Cargo
Angola’s liquefied natural gas (LNG) export plant launched a tender to sell its second post-shutdown cargo, loading in early October, Reuters reported. This comes as a spokeswoman for Angola LNG confirmed that t...
Nigeria Seeks $10b is Petroleum Assets Sale
The Governor of the Central Bank of Nigeria, Godwin Emefiele, stated that Nigeria will sell off some of the Nigerian National Petroleum Corporation’s (NNPC) and Nigeria LNG Limited’s (NLNG) oil and gas ass...
West Africa to Ship 60 Oil Cargos to Asia in September
The amount of West African crude oil heading east in September is expected to reach a five-month high, driven in part by trading houses. At least 60 cargoes, carrying the equivalent of 1.9mb/d are expected to make the...
Nigeria’s Oil Production Drops
Nigerian oil production has dropped to 1.4mb/d due to attacks by armed militant groups, the Nigerian Oil Minister, Ibe Kachikwu, declared, Argus Media reported. Nigerian output has improved to 1.75mb/d in July, up fr...
