International oil companies (IOCs) are primed for a V-shaped recovery in free cash flow, and may generate record figures this year should oil prices average US$55 a barrel, according to analysis from global natural resources consultancy Wood Mackenzie
Industry
Chariot Oil & Gas Ltd sign deal with Subsea Integration Alliance
Africa-focussed transition energy company Chariot Oil & Gas Ltd has signed a collaboration agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco
Centurion Law Group advises Panoro Energy on Tullow’s oil asset acquisition
African law conglomerate Centurion Law Group has acted as local counsel to Panoro Energy ASA (Panoro) on the US$105mn purchase of all Tullow Oil PLC (Tullow) assets in Equatorial Guinea
Egypt upstream gateway launched
The Egyptian Ministry of Petroleum and Schlumberger have launched the Egypt Upstream Gateway, an innovative national project for the digitalisation of subsurface information
Tullow agrees US$180mn sale of assets in West Africa to Panoro
Tullow Oil plc has signed two separate sale and purchase agreements with Panoro Energy ASA (Panoro) for all of Tullow’s assets in Equatorial Guinea (the EG Transaction) and the Dussafu asset in Gabon (the Dussafu Transaction)
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