Here is a brief overview of the week’s news on Oil Review Africa, from 17th - 21st July 2017
VAALCO updates on shut-in of South Tchibala 2-H well offshore Gabon
On July 18, the electrical submersible pump (ESP) in the South Tchibala 2-H well failed, resulting in the well being temporarily shut-in. Click here to read the full story.
‘Liquidity still tight for small upstream EMEA oil firms’
Fitch Ratings has described the risks faced by the EMEA small oil and gas exploration and production companies, noting that the sustained fall in global oil price has deteriorated the liquidity positions of small upstream companies in the region. Click here to read the full story.
ABB continues growth momentum as it looks forward to Q3
"In Q2, ABB continued to build its growth momentum as our targeted initiatives are delivering. Order growth was broad-based and across all regions,” said ABB CEO Ulrich Spiesshofer. "Our industry-leading digital offering, ABB Ability, is taking off and starting to contribute to growth”. Click here to read the full story.
Nigeria approves new oil policy
The Nigerian government has approved new national oil administration policy, aiming to improving the country’s oil fortunes by boosting revenues from the commodity. Click here to read the full story.
Egypt to double natural gas output by 2020
The Ministry of Petroleum in Egypt has announced that three recently discovered gas fields in the country are expected to raise natural gas output in the country by 50 per cent in 2018 and 100 per cent in 2020. Click here to read the full story.
Eco Atlantic to focus on oil prospects in Namibia
Eco Atlantic Oil CEO Gil Holzman is upbeat about the prospects for oil exploration and production in Namibia, praising the country as one of the best places in Africa in which to do business. Click here to read the full story.
ADIPEC 2017 to assemble global energy giants
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) will be held in 13-16 November 2017, at the Abu Dhabi National Exhibition Centre (ADNEC), providing opportunities for industry experts to indulge in strategic dialogues on a wide range of industry trends and challenges. Click here to read the full story.
