Mozambique will be offering up 15 new offshore and onshore areas for oil exploration within the next week or so. The blocks are located in the north, south, and central parts of the East African country and include new areas of the northern Rovuma Basin. Other areas on offer in this licensing round, which is the country’s fifth, are six offshore blocks in the Zambezi Delta and two more off Angolche in the northern province.... Read more »

Posted on : Monday , 27th October 2014

 ALL regions across the country have been challenged to find out and concentrate on their respective competitive advantages in serving the potential gas industry.   Participants to a seminar on Tanzania as a future strong extractives state in Dar es Salaam, over the weekend, said that such a practice would help both individuals and institutions in private sectors to serve and reap from the anticipated gas economy.   At the.... Read more »

Posted on : Monday , 27th October 2014

Federal government has reached a memorandum of understanding with 3D Hitech System Ltd for construction of a gas power plant in Ajaokuta. It has also reached an MOU with T SEPCOIII Electric Power Construction Corporation and the CGC Nigeria Ltd for additional investment in power distribution and transmission in the country. 3D Hitech has already carried test running of the 110MW of gas power system, which will be commissioned in Ajaokuta. Chief.... Read more »

Posted on : Monday , 27th October 2014

    Baker Hughes Incorporated has announced that the international rig count for September 2014 was 1,323, down 16 from the 1,339 counted in August 2014, and up 39 from the 1,284 counted in September 2013. The international offshore rig count for September 2014 was 333, up 18 from the 315 counted in August 2014, and up 20 from the 313 counted in September 2013.   The average U.S. rig count for September 2014 was 1,930, up 26.... Read more »

Posted on : Saturday , 25th October 2014

Yinson Holdings has announced that Addax Petroleum Development (Nigeria) Limited has extended its contract for the charter of FPSO Knock Adoon with Adoon Pte Ltd by one year with effect from 17 October 2014.   The extension contract is valued at approximately USD39.0 million (equivalent to approximately RM127.49 million) in total.   The original contract for the Floating Production Storage and Offloading (FPSO) was awarded on 17.... Read more »

Posted on : Saturday , 25th October 2014

 Opacity and mismanagement in the oil and gas sector have turned financial problems into a much deeper economic crisis.   Fixing the worsening crisis in the oil, gas and electricity industries is a key issue in this month’s finance negotiations with investors and the International Monetary Fund. Not only are the power cuts and rocketing fuel prices damaging the economy, the mismanagement of the gas processing project in Atuabo,.... Read more »

Posted on : Saturday , 25th October 2014

 South Africa’s national oil company PetroSA produced 14% less refined product in 2013/14 than budgeted, owing to diminishing gas feedstock. The State-owned group also warned that that inadequate feedstock would remain a constraint on its future performance. The company produces 5.8-million barrels during the year at its Mossel Bay gas-to-liquids (GTL) refinery, which had a nameplate capacity of around 15-million barrels. CEO.... Read more »

Posted on : Saturday , 25th October 2014

Sonatrach, an energy company in Algeria, will invest $3.48 billion in establishing new gas pipelines throughout the country to improve capacity of existing pipeline network, its interim CEO said in a conference on gas industry held in the western province of Oran.   He added that the new gas pipelines under construction will be ready by July 2016, and will help deliver some 20 billion cubic meters annually.   The country has four.... Read more »

Posted on : Saturday , 25th October 2014

 Nairobi — TULLOW Oil has announced the results of a series of recent exploration and appraisal activities conducted in Blocks 10BB and 13T onshore Kenya.   The company said the Kodos-1 exploration wildcat in Block 10BB is the first well drilled in the Kerio Basin, northeast of the successful South Lokichar Basin.   Hydrocarbon shows were encountered in Kodos-1 which indicates the presence of an active petroleum system..... Read more »

Posted on : Friday , 24th October 2014

    The managing director of Shell Petroleum Development Company (SPDC) and country chair of Shell Companies in Nigeria, Mutiu Sunmonu, has said that the Otumara Associated Gas Solution Project will generate six megawatts daily.   "Today, we are all witnesses to the completion of the fabrication and integration of Otumara AGS Central Processing Facilities (CPF), the part of the gas plant where a nominal 20 million.... Read more »

Posted on : Friday , 24th October 2014

    KD Consortium, consisting of KBR and Daewoo Shipbuilding & Marine Engineering Company, Ltd, has been awarded a front end engineering design (FEED) contract by Eni East Africa SpA for a floating liquefied natural gas (FLNG) facility for the Coral South Development Project located in Mozambique.    With the award, the KD consortium will be one of three consortia competing for the engineering, procurement,.... Read more »

Posted on : Friday , 24th October 2014

Somalia aims to produce oil within six years, Petroleum Minister Daud Mohamed Omar said on Monday, as he announced plans to reassert control over a sector which has foundered since the outbreak of civil war in 1991.   Hopes that the impoverished East African nation could emulate neighbouring Kenya by discovering and bringing to market offshore resources have been kept on ice by long-running territorial disputes between regional.... Read more »

Posted on : Tuesday , 21st October 2014