Weekly news roundup 14/06

Africa top destination for Chinese oil & gas investment, Glencore puts Chad oil fields up for sale and more of this week’s top stories

Saipem wins US$6bn onshore LNG project in Mozambique. The project includes construction of two LNG trains, with a total nameplate capacity of 12.88 million tonnes per annum, as well as all necessary associated infrastructures, storage tanks and export jetty facilities. Read more

Nigerian Explorer Pan Ocean Oil Corp. plans to commission an underground pipeline buried beyond the reach of thieves, who siphon off an estimated 100,000 of crude a day. Read more

Mining and trading giant Glencore puts Chad oil fields up for sale. News of the Chad oilfields sale coincides with the retirement of Glencore’s head of oil Alex Beard at the end of this month and the separation of its upstream oil interests from marketing. Read more

Economic Advisor to the Atiku Abubakar Campaign Mustafa Chike-Obi Urges the Nigerian Federal Government to end fuel subsidy and concentrate on security and infrastructure. Read more

 Ghana offers Guyana free technical assistance following the discovery of considerable deposits of oil and gas resources offshore Guyana – the latest in a series of high impact finds. Read more

China’s national energy companies set to channel more of their overseas investment to Africa than to any other continent as they hunt for new pockets of oil and gas. Read more
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