Here is a brief overview of the week’s news on Oil Review Africa, from 28th August - 1st September 2017
Baker Hughes receives contracts for Coral South FLNG in Mozambique
Baker Hughes, a GE company (BHGE), has secured a contract from Italian Eni for work on its Coral South floating liquefied natural gas (FLNG) project offshore Mozambique, the country’s first natural gas project. Click here to read the full story.
Multi-client data agreement to promote offshore development in Mozambique
A multi-client 3D seismic data agreement has been signed between CGG and Mozambique’s Instituto Nacional de Petroleo (INP), after a tender process held last year by INP. Click here to read the full story.
Ghana to organise Africa Oil & Gas Summit 2017 in October 2017
Ghana is going to host Africa Oil & Gas Talent Summit (AOGS) at La Palm Royal Beach Hotel in its capital city Accra from 10-13 October 2017, with focus on empowering digital workplace strategies for the continent’s energy future. Click here to read the full story.
SPX Flow launch CEREX P-range pump
SPX FLOW has launched its new Bran+Luebbe CEREX P-range pump for a high-quality, lower-cost alternative to its traditional Bran+Luebbe pumps. Click here to read the full story.
Egypt signs three oil and gas exploration deal with Shell and Apex
Egypt has signed three new oil and gas exploration deals, worth approximately US$81.4mn, with Royal Dutch Shell and the US-based Apex Oil Company, a move which is aiming to exploiting the oil and gas potential in several regions across the country. Click here to read the full story.
ALSF weighs in on Uganda’s oil refinery project
With an aim to build and operate a crude oil refinery worth US$4bn, which will eventually process oil from fields, Uganda has chosen a consortium, including General Electric (GE), with Total SA and Tullow Oil Plc being responsible for the project development. Click here to read the full story.
Perenco takes half of Serept, Ashtart off Tunisia from OMV
Austria-based OMV has divested its 50 per cent stake in the offshore Ashtart oil field, located in the Gulf of Gabes in Tunisia, and another 50 per cent stake in the Tunisian oil and gas company Serept to the Anglo-French petroleum company Perenco. Click here to read the full story.
Nigeria court seizes former oil minister's US$37.5mn mansion
The federal high court of Nigeria has passed an order saying that the Nigerian government can permanently confiscate the former petroleum minister’s mansion worth US$37.5mn, as the minister is facing corruption charges. Click here to read the full story.
Nigeria invites petroleum companies to bid for conversion of loading facilities
The Nigerian Pipelines and Storage Company (NPSC) Limited has invited the petroleum companies to participate in the upcoming bid round for the conversion of loading facilities from analogue to digital at its Port Harcourt, Enugu, Aba, Kano and Jos Depots. Click here to read the full story.
JMMC shows positive indications towards oil market rebalancing processes
The Joint OPEC-Non-OPEC Ministerial Monitoring Committee’s (JMMC) report has asserted that the oil market is showing positive result towards the goal of rebalancing. Click here to read the full story.