CNOOC elects not to pre-empt sale of assets in Uganda
Tullow has announced that it had agreed the sale of its assets in Uganda to Total and that CNOOC had rights of pre-emption to acquire 50% of these assets on … Read More
African Development Bank welcomes $10 million Clean Technology Fund investment to diversify Ethiopia’s energy mix
The African Development Bank has welcomed a decision by the Trust Fund Committee of the Clean Technology Fund CTF), one of two funds within the Climate Investment Funds (CIF), to extend … Read More
Somalia Launches First Offshore Licensing Round
The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia announces the launching of Somalia’s first offshore licensing round. Due to the spread of the global pandemic, … Read More
Tullow Oil Submits Notices of Force Majeure on Kenyan Blocks
Tullow Oil Kenya B.V., the operating partner on Blocks 10BB and 13T in Kenya, has submitted notices of force majeure to the Kenyan Ministry of Petroleum and Mining on behalf … Read More
Total Deal Catalyst for Uganda Oil, COVID-19 Should Not Delay Upstream final investment decision (FID)
By Thomas Hedley, Field Editor, Africa Oil & Power Hosted under the theme ‘Taking Advantage of Opportunities in Uganda’s Oil & Gas Sector,’ an Africa Oil & Power webinar yesterday … Read More
Energy Lobby to Host Webinar on Financing the Recovery of African Oil and Gas Markets
In line with its recently-released Common-sense Energy Agenda that calls for banking and financial support to the oil & gas sector, the African Energy Chamber will be hosting a webinar … Read More
May Heralds Even More Disruption and Uncertainty for Petrochemicals
By Nigel Davies, Insights Editor, ICIS The impact of the coronavirus lockdowns on the oil, gas and chemicals industries’ integrated value chains is radically shifting relationships and profitability. It is … Read More
American and African Oil and Gas Players propose regulatory measures to ensure sustainability in response to COVID-19 and beyond
In response to the current global COVID-19 pandemic and the associated crash in the price of oil, the African Energy Chamber (AEC) and the IAGC have proposed a number of … Read More
The Way Forward: How Africa Can Make a Comeback from the Oil & Gas Downturn
Stunning drops in crude oil prices—the result of COVID-19-related declines in demand and an oil price war between Saudi Arabia and Russia—have been taking their toll around the globe this … Read More
FAR, JV Partners to Exit Kenya’s Block L6
FAR the block operator to Kenya’s Block L6 and JV Partners , PanContinental Oil & Gas and its wholly owned subsidiary Afrex Limited have resolved to surrender the block according to an … Read More