Weekly News Round-Up

Bringing you some positive oil, gas and energy stories from across Africa

Nigerian independent oil and gas firm, Seplate Petroleum Development Company, has issued a five year, $650-million senior bond with Natixis, Rand Merchant Bank and Société Générale serving as joint lead underwriters. Continue reading.

According to WorldOil, Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic. 

Uganda is seeking a $130-million loan to finance its 15% share of the East African Crude Oil Pipeline (EACOP), as the government seeks to cement its stake in the project owned through the Uganda National Oil Company. Continue reading.

The AGC Authority is inviting bids for the AGC Shallow block 100km (62 mi) offshore the city of Bissau, northwest Africa. Continue reading.

Senegal’s Sovereign Fund for Strategic Investments (FONSIS) and partner Senegal Gas Network (SGN) signed a joint development agreement with West African Energy (WAE) and Africa Finance Corporation (AFC) last Thursday. Continue reading.

Qatar Petroleum has signed a deal with Shell to come on board two ultra-deepwater exploration blocks offshore Namibia. Continue reading.

Liquefied natural gas deliveries expanded the most in a year as Asia and Europe refilled inventories drained over the winter, and as pandemic-ravaged economies slowly begin to reopen. Continue reading.

Eni has made a new light oil discovery in Block 15/06, offshore Angola, close to its existing infrastructure, reported by Energy Voice.

Interested in more insights from the oil and gas upstream market? Download the Market Outlook report from AOW and Power Advocate.

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