Enhanced oil recovery, the technology which extracts oil which cannot be obtained via conventional technologies, is set to experience a boom time in the coming years, with implications for the Middle East and Africa
Downstream
Xodus opens first office in Egypt with appointment of new general manager
Xodus Group has appointed Salah Farid Tantawy as its first general manager in Egypt, in line with the company’s aim to expand in the region and target upcoming new contracts
Ghana holds workshop on 2017 annual report on petroleum funds
The government of Ghana is planning to implement a more transparent and judicious use of petroleum revenues, with an aim to create opportunities for all Ghanaians and improve their well-being
Dentons advises Vitol on US$534mn debt financing for SNRL
Dentons has advised Vitol, the global energy and commodity trading group, on its participation in the US$534mn debt financing for Nigerian oil producer Shoreline Natural Resources Limited (SNRL)
Tullow expects to report revenue of US$1.7bn for 2017
Tullow Oil has revealed that the company delivered strong operational and financial performance for 2017, with the production expecting to continue in 2018 as well