Industry

Somalia appoints board members and chairman for Somali Petroleum Authority (SPA)

pexels loic manegarium 3855962The ministry of petroleum and mineral resources of Somalia has approved the board members of The Somali Petroleum Authority (SPA) and appointed Ibrahim Ali Hussein as its first chairman and CEO

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Pipeline installations to fall 19 per cent in 2020: Westwood

oil pump jacks 1425456 640Westwood’s new report, World Onshore Pipeline Market Forecast 2020-2025, foresees 19 per cent decline in pipeline installations in 2020, from a high point of 48,000km in 2019

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Total Gabon divests its portfolio of mature non-operated assets

47504222982 d945c730bc cSupermajor Total has announced that its 58 per cent owned affiliate Total Gabon has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields, along with its interests and operatorship in the Cap Lopez oil terminal

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Global oil and gas industry deals total US$28.01bn in Q2 2020

23649109174 9ff3b0eb2a cTotal oil and gas industry deals for Q2 2020 worth US$28.01bn were announced globally, according to GlobalData’s deals database

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GlobalData: Acquisition of Senegal assets underpins Lukoil’s West African expansion plans

refinery 2251248 640Lukoil reached an agreement with Cairn to purchase their Senegalese assets including a share of Sangomar development

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