Weekly News Round-Up

In another week of price volatility for oil, we’re bringing you positive industry stories from across Africa!

This week, in Equatorial Guinea, Hon. Gabriel Mbaga Obiang Lima regained his post as Minister of Hydrocarbons, just two days after the entire cabinet quit amidst criticism of “financial incompetence”. In a year of turbulence, this means that oil and gas companies operating in the central African country can now expect a degree of continuity. Read more from Upstream.

Qatar Petroleum entered Angolan deepwater acreage for the first time, acquiring a 30% stake in Block 48, alongside Total and Sonangol. Drilling is expected to start 2020-2021. Read more from S&P Global Platts.

Also in Angola, Total’s country chair Olivier Jouny announced that the company has now restarted oil drilling in the country. New exploration ships will also soon resume work. Read more from Offshore Engineer.

The Ghanaian government’s Energy Sector Recovery Task Force kickstarted discussions with Independent Power Producers in the country in order to bring down energy prices and find “sustainable long-term solutions” for the energy sector. Read more from Energy Voice.

In Nigeria, multiple sources close to negotiations have said that the country’s oil ministry will present President Buhari with an oil and gas reform bill in the coming days. Twenty years in the making, many in the country think that the bill, aimed at boosting output and attracting foreign investment, is long overdue. Read more from FurtherAfrica.  

Finally, not technically breaking news, but this complimentary downloadable insight by Jane Whaley, Editor-in-Chief at GEO ExPro Magazine, explores Ethiopia’s 100 years of hydrocarbon exploration and its future potential. Read it here.

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