Africa Oil Corp has announced that heads of terms agreements with the government of Kenya and joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A. have been signed for the development of oil fields in the South Lokichar Basin
Downstream
ADES secures offshore rig contract in Egypt and extends contract in Algeria
London-listed drilling contractor ADES International Holding PLC (ADES) has secured a new two-year contract for its ADMARINE IV offshore jack-up rig in Egypt and has signed a one-year contract extension for its onshore rig RIG 828 in Algeria
Africa’s UADH, OLA in car service workshops agreement
UADH and OLA Energy have signed an agreement to establish Eurorepar Car Service workshops at OLA Energy service stations in Côte d’Ivoire and Senegal, with a further expansion envisaged throughout the operator’s pan-African network
Centurion to promote transparency and good governance in South Sudan’s oil sector
Centurion, a pan-African legal and energy advisory group, has announced the upcoming launch of a bespoke training programme on transparency and good governance for South Sudan’s oil industry and companies
OPEC+ will not be able to increase output for the rest of 2019: Rystad
The OPEC+ countries will not be able to increase their collective oil production levels in the second half of 2019 without having a detrimental effect on oil prices, according to oil and gas intelligence firm Rystad Energy