XOM to pay Eni $2.8B for Mozambican gas stake

March 14, 2017 0

Oil supermajors Eni and Exxon Mobil announced last week a $2.8 billion deal in which the U.S. oil company will purchase a 25% indirect interest in the natural gas-rich Area 4 block, offshore Mozambique, Kallanish Energy learns.

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Nigeria files new charges against Shell, Eni

March 3, 2017 0

Nigeria’s Economic and Financial Crimes Commission (EFCC) filed Thursday fresh charges against oil supermajors Royal Dutch Shell and Eni, as well as other individuals, related to the $1.3 billion purchase of a Nigerian oilfield in 2011, Kallanish Energy learns.

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Total agrees to $350M divestment in Gabon

February 28, 2017 0

French oil supermajor Total said Monday it’s selling stakes in 15 mature oilfields in Gabon, transferring their operatorship and selling 100% interest in a local pipeline, to Anglo-French independent oil firm Perenco.

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Chevron negotiating tax terms in Angola

February 23, 2017 0

Oil supermajor Chevron is talking with the Angolan government and state oil firm Sonangol to revise tax terms, with future investment hinging on the talks, a senior company executive was quoted as saying Wednesday.

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Libya’s NOC secures crude offtake, investment with Rosneft

February 22, 2017 0

Lybia’s National Oil Corporation (NOC) secured on Tuesday a crude oil offtake agreement with Russia’s state-run oil firm Rosneft, as well as preliminary cooperation agreements towards Russian investment in Libya’s oil sector, Kallanish Energy learns.

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Equatorial Guinea hopes to join OPEC

January 24, 2017 0

Africa’s third-largest oil producer, Equatorial Guinea, has asked the Organization of the Petroleum Exporting Countries to join OPEC and has agreed to production cuts, its energy ministry said Monday. […]

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