Weekly News Round-Up

Here’s a round-up of the week’s top industry stories from across the continent.

This week, Rystad Energy shared estimates that show the significant effect of COVID-19 on the global volume of oil and gas up for sale. Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 billion barrels of liquids and 7.5 billion barrels of oil equivalent of natural gas. Read more from BIC Magazine.

In the latest twist in the Rovuma LNG story, on Wednesday Mozambique's National Petroleum Institute announced that it expected Exxon Mobil's final investment decision on the $30 billion gas project in 2021. The U.S. company promptly dismissed the claims as speculation. Read more from Offshore Engineer.

In the wake of CNOOC International’s rejection of its pre-emptive right to acquire 50% of Tullow Oil’s Ugandan assets last week, this opinion piece from Upstream examines Uganda’s upstream future.

Exploration, development and production company United Oil & Gas Plc (UOG) announced that early analysis of logging and testing on the El Salmiyah-5 development significantly exceeds pre-drill estimates, further building on the success of the last 12 months, which has seen UOG’s share of production increase significantly. Read more from Share Talk.

In West Africa, Nigeria launched its long-awaited marginal field licensing round, serving up 57 undeveloped discoveries to the industry. Read more from Upstream.

Not strictly breaking news, this excellent “Critical Conversation” podcast from AOW media partner Critical Resource features an exclusive interview with Professor Sir Paul Collier. Sir Paul is Professor of Economics and Public Policy at the Blavatnik School of Government, University of Oxford, and is widely recognised among the world’s leading experts on African and resource-rich economies. Listen here.

As ever, we want to hear from you. If your company or organisation has a story to share with the AOW Community, contact us at info.africa@hyve.group.

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