The US is contemplating increasing debt provided to South Africa’s leading gas, LNG, and helium project


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The United States’ International Development Finance Corporation (DFC) is evaluating an increase of its loan to Renergen’s Virginia Gas Project in South Africa by up to $500m. The development finance institution (DFI), previously known as Overseas Private Investment Corporation (OPIC), had already provided $40m in debt to finance Phase 1 of the project. Its growing […]

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Nigerian companies team up to provide gas to West Africa’s leading industrial hub


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The Lagos Free Zone (LFZ) has officially signed earlier today a Gas Infrastructure Development Agreement with Optimera Energy FZE to develop its own gas distribution network. The new project gathers some of Nigeria’s leading gas players around a new venture committed to promoting gas-based industrialisation. West Africa’s leading industrial hub needs gas Located on the […]

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Worley awarded FEED Phase II contract for Nigeria-Morocco Gas Pipeline


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Worley has announced that it has been awarded a contract to provide main front-end engineering design (FEED Phase II) services for the 7,000km Nigeria-Morocco Gas Pipeline (NMGP) project. The feasibility study and FEED Phase I were previously completed by Penspen. The project is led by Morocco and Nigeria’s national oil companies, the Office National des […]

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TotalEnergies takes FID on $10bn of oil projects in Uganda, 16 years after first discovery


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TotalEnergies, CNOOC and the Uganda National Oil Co. have taken a final investment decision (FID) today on the development of onshore oilfields around the Lake Albert in Uganda, and a massive export pipeline to Tanzania. The first discovery was made in January 2006 by Hardman Resources at the Mputa-1 well. Since then, over 1.4bn barrels […]

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Savannah Energy signs agreements to acquire ExxonMobil and PETRONAS’ assets in Chad and Cameroon


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After months of negotiations and site visits, Savannah Energy has announced the execution of share purchase agreements (SPAs) worth $626m with ExxonMobil and PETRONAS to acquire their oil & gas assets in Cameroon and Chad. The deals will see the British independent gaining a combined 75% controlling interest in the Doba Oil Project and 70% […]

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Gabon exposes clear vision on what to do with its natural gas


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Gabon is thought to hold anywhere between 3 to 5 trillion cubic feet (Tcf) of gas, although the country remains a small gas producer. To date, most of its gas has remained on the ground or flared – with only small quantities monetised domestically for power generation in Libreville and Port Gentil. But as Gabon […]

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Africa Oil sets new plateau target for $3.4bn Project Oil Kenya – seeks partner prior to FID


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Canadian junior African Oil Corp. has announced today a new production plateau of 120,000 barrels of oil per day (bopd) from Blocks 10BB and 13T onshore Kenya, up from the previous estimate of 100,000 bopd. Both licenses are located within the South Lokichar basin and are known as Project Oil Kenya, which Africa Oil Corp. […]

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What does the EACOP Bill mean for Africa’s most controversial pipeline project?


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Since TotalEnergies announced its acquisition of TullowOil’s shares in the Tilenga oil project and the East African Crude Oil Pipeline (EACOP), Uganda has crystalized a lot of the global tensions around the debate of development vs. environment. By developing the 1.7 billion barrels of contingent oil resources discovered around the Lake Albert, TotalEnergies is expected […]

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President Buhari has signed Nigeria’s Petroleum Industry Bill into law


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It took almost two decades, two historic crashes in commodity prices and two recessions for Nigeria to finally adopt its new Petroleum Industry Bill. Following its passing at both chambers of Parliament in July, the bill was officially signed into law by President Buhari today. The bill is expected to provide much-needed regulatory certainty for […]

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Maersk wins Mooring System contract on Kome-Kribi 1 FSO in Cameroon


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Maersk Supply Service has just been awarded a contract by the Cameroon Oil Transportation Company (COTCO) for Phase 2 of the mooring system maintenance project on the Kome-Kribi 1 FSO (Kome-Kribi 1 Marine Terminal) offshore Douala. The marine terminal forms the last part of the 1,070km Chad-Cameroon Oil Export Pipeline that evacuates Chad’s oil to […]

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