Final well maintenance work is currently in progress to bring Kiliwanie North-1 on stream Dublin-listed oil and gas firm Aminex has secured a further six month extension for the repayment of its $7.6 million corporate loan facility to allow it to continue work at its Kiliwani North gas field in Tanzania. The group now has until July 31st to repay the loan. Aminex previously secured a six month extension for the facility in June. The.... Read more »

Posted on : Tuesday , 22nd December 2015

Premium motor spirit (PMS), popularly called petrol, has emerged Nigeria's biggest import out of a total value of Nigeria's imports of N1.69 trillion in the third quarter of 2015, the Nigerian Bureau of Statistics has said.   In its latest foreign trade statistics published on Thursday, the Bureau said that durum wheat and imported complete knocked-down (CKD) motorcycles by established manufacturers ranked second and third out of a list.... Read more »

Posted on : Monday , 21st December 2015

Luanda — A compromise agreement, which will result in the updating of plants of the refineries of Luanda and Lobito (Benguela), was signed recently by the chairperson of the Board of Directors of Sonangol EP, Francisco de Lemos José Maria, and the CEO of the Italian oil company (ENI), Cláudio Descalzi.   According to a press note from Sonangol that reached Angop in Luanda, the agreement also provides the optimization.... Read more »

Posted on : Monday , 21st December 2015

Ugandan companies within the oil and gas sector want government to set up a special local content fund to finance their growth in order to be at the forefront of winning some of the lucrative tenders the industry offers. The Uganda Association of Oil and Gas Service Providers argues that local companies require a lot of money to fully participate in the capital-intensive oil sector. Emmanuel Mugarura, the association’s head of.... Read more »

Posted on : Thursday , 17th December 2015

Tullow Oil PLC said an exploratory well drilled in the South Lokichar basin in northern Kenya encountered 102 m of net oil pay in two columns. The Etom-2 well, on Block 13T, was drilled to 1,655 m by the PR Marriott Rig-46 (OGJ Online, Nov. 17, 2015). Drilling followed evaluation of 3D seismic that was shot after the Etom-1 well (OGJ Online, Sept. 3, 2014). Tullow said oil samples, sidewall cores, and wireline logging all indicate the.... Read more »

Posted on : Thursday , 17th December 2015

 A professor with the Rivers State University of Science and Technology, Port Harcourt, Steve Odi-Owei, has called for heavy investment in the production of quality lubricant in the country.   The professor, who spoke on "Human Capital Development and Capacity Building in Lubricant and Lubrication at the Nigerian Lubricant Summit in Lagos recently, said that this would support effective operations of the manufacturing, marine,.... Read more »

Posted on : Wednesday , 16th December 2015

The Sudanese Ministry of Petroleum has unveiled a design by Chinese based Lanpec Co. Ltd. for investment in Sudanese oil and gas refineries. According to a statement by the Ministry the company has visited refineries in Khartoum and Port Sudan over the past period and has promised to conclude a memo of understanding in this regard within 45 days. Mahmoud Mohamed Abdel-Rahman, State Minister for Oil, noted interest was driven by successful.... Read more »

Posted on : Monday , 14th December 2015

Houston based offshore Block L27&28 operator Erin Energy has said it is unlikely to meet its requirements unless a farm-in partner comes on board. “3D acquisition in L27 & L28 subject to completing a farm-out,” Erin Energy told investors in its last presentation in early December. The blocks located offshore Kenya at water depths of 7200 to 14700 feet have already seen the acquisition of 2D seismic processed by.... Read more »

Posted on : Monday , 14th December 2015

Italian exports to Ghana increased by 30 percent in the first eight months of 2015, compared to the same period last year, Italy’s Vice Minister, Ministry of Economic Development, Carlo Calenda has said. “In 2014, Italian exports to Ghana amounted to 160 million euros. “In the first eight months of 2015, these grew by 30 percent over the previous year,” Calenda said. The main sectors for Italian exports were.... Read more »

Posted on : Thursday , 10th December 2015

The Federal Government has proposed a budget estimate of N6 trillion for 2016 with $38 per barrel crude oil price benchmark.   This was the outcome of a three-hour emergency meeting of the Federal Executive Council (FEC) chaired by President Muhammadu Buhari today.   Addressing State House correspondents after the meeting, Budget and National Planning Minister Udoma Udo Udoma, said the government was looking at.... Read more »

Posted on : Thursday , 10th December 2015

Minister of Petroleum and Mineral Wealth Tarek el-Mollah witnessed on Monday 7/12/2015 the signing of two agreements for gas and oil exploration in the Suez Gulf region and Western desert.   The first agreement was signed with Tunisia's HPS Company with investments amounting to $9 million and signing grant of $1 million in Halif district in Egypt's western desert to dig out four oil wells.   The second agreement extends a previous.... Read more »

Posted on : Thursday , 10th December 2015

ROMPCO the Republic of Mozambique Pipeline Investments Company has said  it will expand the capacity of the existing 865 km of gas pipeline from the Central Processing Facility (CPF) at Temane in Mozambique to Secunda in South Africa. The project involves the installation of a pipeline parallel to the existing pipeline, from scraper station 1 (STS1), which is about 128 km from the CPF, over a length of 127 km where it connects back into.... Read more »

Posted on : Wednesday , 9th December 2015