Weekly News Round-Up

Hot off the press this week!

Australia’s Invictus Energy has completed a capital raise of A$8 million, it will be used on its SG 4571 seismic acquisition campaign and the order of long-lead items the Mzarabani-1 exploration well. Continue reading.

The industry’s oil experts from across the world have launched the Africa Local Content Fund Initiative (ALCFI) in Luanda, the capital of Angola. The occasion was the 2021 Forum of African Finance, Economy and Compliance (FAFEC), chaired by Wofai Samuel, Director of Communication & External Affairs at the United Kingdom-Liberia Chamber of Commerce (UKLCC). Continue reading.

This week, Italian energy company Eni signed several agreements with Algeria’s national oil company Sonatrach to collaborate across the upstream sector, reports Oil & Gas Middle East.

Boru Energy, backed by private equity giant Carlyle Group is in discussions with Occidental Petroleum to acquire its oil and gas fields in Ghana for over $500 million, continue reading more from Reuters.

Lukoil decides against buying interest in Senegal project, with Russia not proceeding with binding takeover offer for project co-owner FAR. Continue reading.

Oil and gas exploration company, Eco Atlantic is pleased to announce the appointment of Selma Usiku to the role of Senior Geologist, joining with immediate effect. Continue reading.

Libya’s energy industry is on track to get enough money from the government for the OPEC member to sustain its crude production throughout the year, states Mohamed Oun, new oil and gas minister. Continue reading.

The East African Crude Oil Pipeline (EACOP) project launch has been extended to April, the Petroleum Authority of Uganda (PAU) has announced. Continue reading.
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