Weekly News Round-up

Bringing you the latest news in oil, gas and energy from across Africa

First up, oil companies Azinam and Panoro Energy have completed their previously announced acquisitions of stakes in Block 2B offshore South Africa, e containing the A-J1 oil discovery from 1988. Continue reading.

As reported by Hellenic Shipping News, Nigeria is expected to have 100 oil and gas projects commencing operations across the value chain between 2021 and 2025, accounting for 23% of the total project starts in Africa.

Tlou Energy making significant progress towards becoming Botswana's first gas-to-power supplier, according to Proactive Investors.

Private investment fund Remus Horizons notified Australian oil company FAR Limited of its intention to take over FAR's assets in the Sangomar offshore oil development, a day ahead of the expected FAR shareholders meeting to approve the Woodside Energy transaction. Continue reading.

Angola's state oil company, Angolan National Fuel Society (Sonangol) has sold 31.78 percent of the stake it held in Puma Energy for 600 million U.S. dollars. Continue reading.

Uganda's President Yoweri Museveni signed on Sunday that East African Crude Oil Pipeline project agreement with his Tanzanian counterpart Samia Hassan Suluhu. Continue reading.

As reported by Energy Voice, Petronas has handed Maersk Drilling a $24 million contract to drill one well off Gabon using a deepwater drillship, drilling an ultra-deepwater exploration well in Block F13. 

BW Energy has launched its 2021 drilling campaign in Gabon with the spudding of the Hibiscus extension well. The company will drill three wells on the Dussafu licence including two exploration wells on the Hibiscus find and a production well on the Tortye field. Continue reading.

Rystad Energy has revealed that its latest forecast projects a six percent year on year increase in oil demand in 2021. Seeing a demand rising to an average of 95.4 million barrels per day this year, from 89.6MMbpd in 2020. Continue reading.

Are you looking for new farm-in opportunities in MSGBC Basin? Click here to watch Supernova Energy BV talk to NVentures about their highly prospective assets and data offshore Guinea-Bissau.

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