Nigeria could put further downward pressure on crude oil prices, if its resurgent production is sustained and the country resumes exports at full capacity, with a 17-month record high exports expected in August.
The European Bank for Reconstruction and Development (EBRD) said Thursday it approved a $500 million framework to finance 750 megawatts of solar photovoltaic capacity in Egypt, Kallanish Energy reports.
Nigeria’s oil exports on Wednesday was fully online for the first time in 16 months, after Royal Dutch Shell finished repairs in the Forcados Terminal export line and lifted the force majeure on its crude exports, Kallanish Energy reports.
French oil supermajor Total has reached back at South Sudan’s government to revisit discussions on the development of the country’s biggest oil blocks following the collapse of previous negotiations, oil minister Ezekiel Lol Gatkuoth said on Monday.
Despite the current liquefied natural gas (LNG) supply glut, local competition and major technical challenges, the Tanzania LNG project is “surmountable with good stakeholder alignment and collaboration,” said ExxonMobil.
Italy’s Eni will complete its long-awaited final investment decision (FID) on a large liquefied natural gas (LNG) project offshore Mozambique this week, Reuters said on Tuesday, citing a company’s spokeswoman.
Uganda and Tanzania energy ministers will sign on Friday, May 26th, the intergovernmental agreement establishing the construction of a 1,400-kilometers (870-miles) crude oil pipeline connecting both countries, Kallanish Energy reports.
UK-based independent oil and gas explorer Tullow Oil said Wednesday it has encountered around 75 meters of net oil pay in two zones at the Emekuya-1 well, located in the Block 13T of northern Kenya, Kallanish Energy reports.
Kuwait Energy, an oil and gas explorer, revealed on Wednesday its plans to be admitted to the London Stock Exchange (LSE) in June, in a move aimed at becoming the leading independent oil and gas company in the Middle East and North Africa region, Kallanish Energy reports.