Weekly News Round-Up


The Weekly News Round-Up is back, with positive oil and gas stories from across the continent.

This week, the Democratic Republic of Congo announced plans to include 19 onshore oil and gas blocks in a Q4 2021 licensing round, the country’s first since it adopted a new petroleum law back in 2015. Read more from S&P Global.

Norwegian Independent PetroNor announced that its net indirect interest in the Republic of Congo (RoC) PNGF Sud license will increase from 10.5% to 16.83% with no impact on overhead costs. This is due to both its contingent acquisition of all USD 18 million of Symero's shares in Hemla Africa Holding (a PNGF Sud partner) and a court ruling in RoC related to parts of MGI International’s indirect share in PNGF Sud. Read more from Energypedia.

In Nigeria, President Muhammadu Buhari approved the appointment of Dr. Orji Ogbonnaya Orji as the Executive Secretary of the Nigerian Extractive Industries Transparency Initiative. Read more from Guardian Nigeria.

Upstream reported that contractors hoping to land an offshore order for Mellitah Oil & Gas, a joint venture between Italian Supermajor Eni and Libya's National Oil Corporation, are set to submit their bids in the coming weeks. Italy's Saipem, Malaysia's Sapura Energy and UK-headquartered TechnipFMC are rumoured to be in the running. Read more here.

Last but not least, this analysis from Petroleum Economist looks at how French Supermajor Total’s energy transition plans differ from those of the other three Euro Majors. Read it here.

Interested in more news and insight from the African Upstream? Download the latest report from AOW and Wood Mackenzie, “Sub-Saharan Africa Upstream: 2020 in Review”.
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