Weekly news roundup 03/05

Congo ends energy deal with Eni, Standard Bank sees increased investment in Africa’s oil and gas sector and more top news

Congo ends energy deal with Eni. The Republic of Congo has terminated a long standing oil deal with Italian oil giant, Eni. Brazzaville says due to this, Eni would no longer be qualified to recover its ‘’ investment costs’‘. But it’s not all bad news for Eni Congo. The Italian multinational oil and gas company which has been operational in this Central African nation since 1968, would have other oil exploration projects continue in Congo. Read more

Standard Bank sees Increased Investment in Africa’s Oil and Gas Sector. Africa is likely to experience continued oil and gas investment over the next three to five years as the stabilisation of crude prices above US$ 60 a barrel, coupled with the continent’s rapidly expanding population, lure both major and independent oil producers to invest in the continent. Read more

Saudi Arabia may build new oil refinery in SA. South Africa is in discussions with Saudi Arabia about building a new oil refinery in the country, Energy Minister Jeff Radebe said on Thursday. Read more

Woodside hires two Diamond drillships for Senegal operations. Offshore drilling contractor Diamond Offshore has been awarded drilling contracts for two of its 2014-built drillships with Woodside in Senegal. Read more

Gambia Awards Disputed Offshore Oil Block To BP. The small West African country Gambia has awarded BP the exploration rights to drill for oil and gas in an offshore block which another company claims it has the rights to explore. Read more

Aker Energy concludes appraisal campaign offshore Ghana. Oil and gas company Aker Energy has concluded the appraisal drilling campaign at its operated Deepwater Tano Cape Three Points (DWT/CTP) block offshore Ghana. Read more

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