Weekly news roundup for the African oil & gas sector

Smart money is piling into oil, Ugandan Govt to open second round of oil licensing and more top news

A round-up of the top headlines in the African Oil & Gas sector, curated by the AOW team. 

Smart money is piling into oil.
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. Read more

Ugandan Govt to open second round of oil licensing. A new round of competitive bidding for oil exploration licenses for the Albertine Graben is slated for early next month. Read more

Hon. Irene Muloni, Minister of Energy & Mineral Development for Uganda, will be attending Africa Oil Week 2019. Register now for the chance to hear from her!

Worldwide offshore rig count in March up by 69 units year-over-year. The worldwide offshore rig count for March 2019 decreased by two units sequentially but increased by 69 units year-over-year, according to Baker Hughes, a GE company (BHGE). Read more

Kenya to Undertake 3D Seismic Over the Shallow Offshore Area Lamu Basin. The Ministry of Petroleum and Mining will undertake 3D seismic acquisition over the shallow offshore area Lamu basin for the purpose of promoting the area for petroleum exploration and development through competitive round scheduled for 2021. Read more

BP Awards Offshore Africa Contract to KBR. BP plc has awarded KBR, Inc.’s U.K. subsidiary the pre-front end engineering design (pre-FEED) services contract for phases 2 and 3 of its Greater Tortue Ahmeyim project at the maritime border of Senegal and Mauritania, KBR reported Tuesday. Read more

Seventh Processing Plant for Zohr in the Works. Italian firm, ENI, has launched work on its seventh natural gas processing plant at the Zohr field. The field is located offshore Egypt in the Mediterranean. This follows the completion of the sixth processing plant at the end of March. Read more

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