Weekly News Round-Up

2021 is certainly off to an interesting start, with oil hitting an 11-month high. To ride the positivity wave, here comes the year’s first industry news round-up!

In Nigeria, the Department of Petroleum Resources announced a shortlist of 161 companies who successfully advanced to the final stage of the bidding round process for 57 marginal oilfields in the country. Read more from Nairametrics.

Also in Nigeria, Eni and BW Offshore signed a contract extension for an FPSO vessel. The agreement secures the Abo FPSO for Eni until the end of Q4 of this year and includes options until the second quarter of 2023. Read more from Rigzone.

FAR Ltd. has once again postponed a final shareholder meeting regarding the sale of its stake in Senegal’s Sangomar oil project to Woodside Energy. The Australian operator is waiting for Remus Horizons to finalise funding for its takeover offer, seen as a potential lifeline for the company. Read more from NASDAQ.

Italian supermajor ENI is set to resume its development drilling campaign on the Coral South gas project in Mozambique. Saipem’s 12,000 drillship has now arrived in the country after the COVID-19 pandemic caused eight months of interruption. Read more from Upstream.

Tema LNG’s floating regasification unit arrived in Ghana, paving the way to opening Africa’s first liquefied natural gas-to-power project and positioning the country as a potential regional hub for cleaner, cheaper energy. Read more from World Oil.

Last but not least, a group led by Total signed up to explore offshore Block North Ras Kanayis in Egypt’s Herodotus Basin, not far from the recent Zohr gas discovery. Read more from Energy Voice.

Are you planning to join Africa Oil Week in Cape Town 1-5 November 2021? Book your delegate pass before January 31 to secure the early bird rate and save £280.

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