Weekly News Round-up

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

Nigerian President Muhammadu Buhari has restored four licences to Chinese-owned Addax Petroleum. The Department of Petroleum (DPR) had stripped Addax of the licences for failing to develop them. Continue reading.

As reported by Energy Voice, BP has started up gas production at the Raven field, offshore Egpyt.The third phase of its West Nile Delta (WND) project.

The Mauritius Commerical Bank (MCB) is facilitating Senegal's transition to LNG for its electricity production through its $60 million participation in Karpowership operations. Continue reading.

Dana Gas has terminated its agreement for the sale of its Egyptian assets, announced on 25 October 2020. Several conditions precedent to the transaction could not be completed to the satisfaction of both parties. Continue reading.

The Gas Exporting Countries Forum (GECF) has unveiled plans to promote gas development in the African oil and gas industry with the aim to overcome energy poverty, enhance growth and mitigate CO2 emissions pollution in the continent. Continue reading.

Seven countries account for two-thirds of global gas flaring, with an unprecedented year for the oil and gas industry, oil production declined by 8% in 2020. Whilst global gas flaring reduced by 5% according to satellite data compiled by the World Bank's Global Gas Flaring Reduction Partnership (GGFR). Continue reading.

Newly profitable Irish explorer United Oil & Gas eyes future focus on northern Africa, Chief executive Brian Larkin said there remains a lot of room for organic growth from the company's Egyptian assets. Continue reading.

The first caisson for the BP-led Greater Tortue Ahmeyim project in Senegal has left the port of Dakar, reports Energy Voice.

Nedbank stops financing Oil & Gas exploration projects. In a statement released on Thursday, the bank said it would not directly finance new oil production from 1 January 2035  and would not fund new thermal coal mines from 1 Janauary 2025. 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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