Here is a brief overview of the week's new on Oil Review Africa, from 8 - 12 May 2017
The African oil and gas hangover from 2015 and 2016 - and how it will affect the rest of 2017
The last two years are best characterised by spending cuts and project delays. Click here to read the full story.
Solo Oil appoints Neil Ritson as Executive Chairman
Solo Oil announces that the Company’s Non-Executive Chairman, Neil Ritson, will take up the role of Executive Chairman with immediate effect. Click here to read the full story.
Namibia hopeful for hydrocarbons FID by the end of 2017
Two leaders in the nascent Namibian oil and gas industry have spoken about their hopes for a final investment decision (FID) on the Kudu offshore project by the end of 2017, as well as calling for relationship-building with international partners. Click here to read the full story.
Global oil discoveries and new projects fell to historic lows in 2016
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could into and through 2017. Click here to read the full story.
DEME wins multiple African contracts
DEME has been awarded several new contracts in Africa with a total value of approximately EUR125mn. Click here to read the full story.
BP announce major gas find offshore Senegal
Yakaar-1 exploration well result confirms potential scale of the petroleum system offshore Mauritania and Senegal. Click here to read the full story.
Local content solutions for African oil and gas operators discussed at London event
Speakers from Angola, Ghana, Mozambique and Uganda discussed strategies for meeting local content requirements at Getenergy Global 2017, with new ways of looking at corporate social responsibility (CSR) as a strong theme. Click here to read the full story.
"Failure is not an option": new Ghana National Petroleum Company CEO
In a frank opening address to Getnergy Global 2017, held this week in London, the new CEO of Ghana National Petroleum Company (GNPC), Dr Kofi Kodua Sarpong, outlined the challenges face by the west African country's oil and gas industry in terms of localisation. Click here to read the full story.
Savannah Petroleum book rig-of-choice for onshore drilling in Niger
Savannah said Great Wall Drilling Company Niger, part of China’s CNPC, has made the GW215 rig available, instead of the GW89. Click here to read the full story.