Weekly News Round-Up

Surprise! The news round-up has arrived a day early this week! Here are some of the top positive industry stories we’ve spotted from across Africa.

This week, Total became the third supermajor to make a pledge to go net-zero by 2050. Through a joint statement developed between Total S.A. and institutional investors, the company outlined three major steps it would take to achieve this ambition, you can find them here.

Total CEO Patrick Pouyanné will be speaking at Africa Oil Week 2020.

In another proactive move from the country, Equatorial Guinea has granted E&P companies a two-year extension on their exploration programmes, just one month after it announced the waiving of fees for oil service companies. Read more from Africa Oil + Gas Report.

Amid gloomy headlines, a forecast by IHS Markit has found that LNG demand is expected to show impressive resilience in the face of COVID-19 pandemic. Read more from Oil Review Africa.  

After a slump in M&A activity in the first part of the year, Upstream reported that Australian operator Woodside will be eyeing up M&A opportunities in coming months.

In a move that may offer opportunity for lasting accord, Senegal and Oslo-listed PetroNor have reached an agreement to suspend arbitration for six months in a dispute focused on two offshore blocks. Read more from Energy Voice.

If you have an interesting content piece that you think our #oilgas community would benefit from reading as part of our #AOWLEARNANDSHARE initiative, send it to info.africa@hyve.group.