Africa
WoodMac: National Oil Company International M&A Spending Hits 20-Year Low
Despite a surge in mergers and acquisitions by international oil companies, national oil companies have significantly reduced their international spending from a decade ago, according to Wood Mackenzie.
TotalEnergies Sells Nigerian Onshore Oil Assets to Chappal Energies for $860 Million
TotalEnergies has sold its minority share in a major Nigerian onshore oil joint venture to Mauritius-based Chappal Energies for $860 million, the French energy group said on Wednesday.
Nigerian Regulator Clears Eni, Equinor Asset Sales to Local Buyers
Nigeria's upstream oil regulator has approved two key onshore assets sale by international oil companies, clearing the way for Oando and new entrant Project Odinmim to acquire assets.
Germany, Morocco Form Alliance to Boost Green Hydrogen Production, Exports
Germany has agreed to form a climate and energy alliance with Morocco to support renewable energy expansion and hydrogen production in the north African country, the development ministry said on Friday.
Egyptian Consortium to Import U.S. Shale Gas Amid Shortage
One of Egypt's largest petrochemicals companies plans within a consortium to import U.S. shale gas to address a shortage in natural gas supplies that forced several chemicals factories to temporarily shut down twice in June.
Egyptian Fertilizer Company Turns to Hydrogen Amid Gas Shortage
One of Egypt's largest fertilizer companies said on Thursday it would partially switch to hydrogen supplies as the country struggles with a shortage of natural gas that has led to widespread blackouts.
NNPC's OB3 Gas Pipeline Set to Be Completed by August
NNPC's OB3 Gas Pipeline is poised for completion by August, marking a significant milestone with the promise of delivering 2.2 billion standard cubic feet of gas to bolster national supply.
Dangote Refinery Accuses Oil Majors of Blocking Local Crude Purchases
The $20 billion refinery, billed to be the largest in Africa and Europe at full throttle, started production in January but has struggled to find enough crude to meet its 650,000-barrel-per-day capacity.
Nigeria's 384-Mile AKK Gas Pipeline to Be Finished by Early 2025, NNPC Says
Construction of Nigeria's 614-km (384-mile) natural gas pipeline will be completed by the first quarter of 2025, the head of state oil firm NNPC said on Friday, two years after the initial planned completion date.
Carlyle Forms New Mediterranean Oil and Gas Firm in $945 Million Energean Deal
Carlyle will form a new Mediterranean-focused oil and gas company led by former BP CEO Tony Hayward after the private equity fund agreed to acquire Energean's assets in Egypt, Italy and Croatia for up to $945 million.
Aiteo Suspends 50,000 bpd Oil Production in Nigeria Following Leak
Nigerian energy firm Aiteo has shut down all oil production at its Nembe Creek facility, nearly 50,000 barrels per day of output, after detecting a leak, the company said on Wednesday.
TotalEnergies, NNPC to Invest $550 Million in Nigeria Gas Facility
The investment would include a gas processing plant and a pipeline, said the source who is privy to the agreement but could not be named as they were not authorized to speak on the issue.
Uganda Optimistic About Timely Finish of Revised $5 Billion, 897-Mile EACOP Pipeline
Uganda has attributed the spike in the cost of construction for the 897-mile (1,443-km) East African Crude Oil Pipeline (EACOP) to the government’s resolve to make the new project more climate responsive.
Niger Suspends Oil Exports to China Amid Dispute with Benin
At the Agadem oilfield in eastern Niger, the minister oversaw the padlocking of a section of the 1,243-mile pipeline through which exports to China were meant to flow under a deal with state-owned oil giant CNPC.
Sound Energy Sells Moroccan Gas Assets to Managem for $45.2 Million
Managem plans to further increase production there to 280 million cubic meters, when the field will be connected to an existing gas pipeline that connects Morocco to Spain, Managem added.
Attack on Niger-Benin Oil Pipeline Kills Six Soldiers, Security Sources Report
Unidentified assailants in Niger attacked soldiers guarding a major Niger-Benin oil pipeline on Wednesday, killing six soldiers, three security sources told Reuters on Thursday.
Nigeria's NNPC Signs Floating LNG Deal with Golar LNG
Nigeria's state firm NNPC has signed an agreement with Golar LNG to deploy a floating LNG vessel off the coast of its oil-rich Niger Delta, NNPC said on Tuesday.
Benin-Niger Dispute Intensifies with Arrests at Crude Pipeline Terminal
A prosecutor in Benin said authorities had detained five Niger nationals last week for allegedly entering Benin's Seme-Kpodji pipeline terminal under false pretenses, deepening a dispute over exports of crude oil from Niger via Benin.
Afreximbank Provides $925 Million for Nigerian Oil Sector Expansion
Africa's Afreximbank has just greenlit a massive $925 million loan to Nigeria's NNPC, backing the oil giant's expansion plans.
Ugandan Activist Detained Over Opposition to TotalEnergies Oil Pipeline, Pressure Group Reports
A Ugandan activist campaigning to stop the development of a $5 billion crude oil pipeline in east Africa by France's TotalEnergies and others has been detained by Uganda's military, the group he works for said on Wednesday.
Morocco to Tender for Floating LNG Terminal at Nador West Med Port, Official Says
Morocco plans to launch a tender this summer to build a floating LNG terminal in the northeastern Nador West Med port, the energy ministry's head of oil and gas said on Friday.
Sudan Oil Pipeline Repair Near Completion, Says South Sudan Official
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.
TotalEnergies-Led Joint Venture to Study Large Green Hydrogen Pipeline Project In Tunisia
The project will have access to the European market through the “SoutH2 Corridor”, a hydrogen pipeline project connecting North Africa to Italy, Austria, and Germany, which is expected to be commissioned around 2030.
Sudan Repairs Ruptured Oil Pipeline With Goals to Resume June 2024
A Sudan oil pipeline ruptured during fighting in February has been repaired and could resume operation in the next two weeks, a South Sudan oil ministry official said on Tuesday.
New Oil And Gas Discoveries In East Africa Spur New Pipeline Opportunities
The discovery of oil and gas in East Africa has driven the need for new transportation infrastructure, opening opportunities for pipeline coatings suppliers. Significant oil and gas discoveries in Kenya, Tanzania, Mozambique, and Uganda have turned East Africa into a key exploration area, attracting major oil and gas companies.
ADNOC Buys 10% Stake in Mozambique LNG Project
ADNOC has acquired Galp’s 10% interest in the Area 4 concession of Mozambique’s Rovuma basin. This move is part of ADNOC’s strategy to expand its international presence and its lower-carbon LNG portfolio.
Saipem Wins $850 Million Offshore Contract for Ndungu Field Project in Angola
Under the contract, Saipem will undertake the engineering, fabrication, transportation, and installation of approximately 37 miles of rigid pipelines and subsea facilities at a depth of around 1,100 meters.
Libya Commences Operation of North Hamada Oilfield Pipeline
Libya has begun operating the new pipeline from its North Hamada oilfield with initial transfer capacity expected at 2,000 barrels per day, the National Oil Corporation said on Sunday.
Nigeria-Morocco Pipeline Investment Decision Postponed to Early 2025
A final investment decision on the Nigeria-Morocco natural gas pipeline is expected in early 2025, after being slated for December 2024.
Shell Probes Smoke Report Near Gbaran Oil Facility in Nigeria
Residents in the nearby community reported a fire near Shell's Gbaran Ubie oil and gas facility in Nigeria, stating that blasts were heard in the area where pipeline repair works had been ongoing.
- Energy Transfer Subsidiary Selects KTJV for Lake Charles LNG Export Project
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
