Weekly news roundup 26/07


Kenya expected to begin oil exports in Q3 of 2019, Total set to sell $5 of assets, and more of this week’s top stories

South Africa expects a new LNG import terminal to be ready by 2024, as the country pushes to expand capacity to reduce power cuts and diversify its energy sources away from coal, which currently supplies more than 90% of its electricity. Read more

After purchasing Anadarko’s operations in Africa for $8bn earlier this year, Total is set to sell $5bn of other assets to protect against low oil prices. Read more

Kenya is expected to begin oil exports in the third quarter 2019, according to British firm Tullow Oil. Mark MacFarlane, EVP for East Africa, said that more than 200,000 barrels of oil have been delivered to the port of Mombasa. Read more

Nigeria could attract more U.S. investment if the oil and gas sector becomes less opaque and a fuel-price peg is removed, according Brent Omdahl, Commercial Counsellor at the U.S. Department of Commerce. Read more

Chinese oil firm China National Offshore Oil Corporation (CNOOC) announces its intention to take a stake in an oil pipeline being developed to export Ugandan crude. Read more

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