ExxonMobil Namibia (PEL44) Limited, an affiliate of ExxonMobil Corporation, has entered into an agreement with Azinam Limited, Namibian oil and gas explorer, to acquire a 30 per cent interest in petroleum exploration licence (PEL) 44, offshore Namibia
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Wentworth achieves US$10.79mn gas sales revenue of Tanzania asset in H1 2018
Wentworth Resources Limited, an independent East Africa-focused oil and gas company, has achieved Mnazi Bay gas sales revenue of US$10.79mn in H1 2018, up 112 per cent compared to H1 2017
Nigeria restores investors’ confidence in oil and gas
Nigerian National Petroleum Corporation’s (NNPC) decision to seek alternative financing models for funding its joint venture (JV) obligations has continued to restore confidence among investors, stimulating further Foreign Direct Investments (FDI) in Nigeria’s oil and gas industry
Bureau Veritas issues new guidelines for conversion of existing LNG carriers
South Africa based international certification agency Bureau Veritas has issued new FSU notations and guidance to support the construction and operation of Floating Storage and Regasification Units (FSRUs) and Floating Storage Units (FSUs)
‘OPEC responds to losses amidst political disruption’
OPEC oil production fell by 420,000 bpd from January to May 2018 as the continued political disruption in Venezuela and decline in Angolan oilfields resulted in significant output losses
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