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Equatorial Guinea Presents Open Oil, Gas and Mining Licenses in Successful Roadshow in China

EG Ronda Licensing Round Roadshow in China was met with tremendous success as over 100 Chinese investors participate and discuss investment in oil, gas and minerals with the Ministry of Mines and Hydrocarbons’ delegation ; H.E. Gabriel Mbaga Obiang Lima thanks Chinese Embassy in Equatorial Guinea, African Energy Chamber and Ministry of Mines and Hydrocarbons staff for a highly-successful roadshow.

Africa Oil Announces Heads of Terms Signed for First Ever Oil Development in Kenya

Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that Heads of Terms agreements with the Government of Kenya and joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A. have been signed for the development of the oil fields in the South Lokichar Basin.

New features and unparalleled line-up to drive programme for Africa Oil Week 2019

As the leading event for Africa’s upstream, Africa Oil Week (Africa-OilWeek.com) is committed to staying at the cutting-edge of developments in oil and gas. Over 1500 delegates, including a record-breaking number of 16+ government ministers will attend the event in Cape Town, taking place between 4-8 November 2019.

Equatorial Guinea’s Year of Energy becomes Call to Action for Africa’s Oil Industry

The Ministry of Mines and Hydrocarbons continues rolling out the Year of Energy initiative as Minister of Mines and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima calls for a stronger African energy dialogue. Following the success of the Cape VII Congress & Exhibition in April, Malabo will host the Oil & Gas Meeting Day for services companies on October 1-2, 2019. H.E. Minister Gabriel Mbaga Obiang Lima headed to São Tomé and Príncipeyesterday to discuss energy cooperation in the Gulf of Guinea. 

Baker Hughes, a GE company, launches its Multimodal Facility Expansion in Angola

BHGE expands facility in Luanda to manufacture, service and repair technologies and equipment across its four product companies; expanded facility will enable fullstream solutions to serve local and regional customers across the oil and gas value chain; expansion supports company’s localization strategy and serves as hub to serve customers in Angola and Southern Africa region.

ExxonMobil, Partners to Redevelop Angola Block 15 to Increase Production

ExxonMobil and its partners said today they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest.

Oil companies ready for Angola’s new licensing rounds and pledge to continue working with the government on reforms to stem production decline

Angola is at the centre of global energy deals this week as its capital Luanda hosts a plethora of global CEOs and energy investors, and over 1,000 oil industry stakeholders at the Angola Oil & Gas 2019 Conference, organized by Africa Oil & Power. The summit was open by President João Lourenço, who highlighted the various reforms made by his administration to revitalize the industry and insisted on the role of gas monetization to spur industrialization and economic growth.

BP to divest mature oil assets in Egypt to Dragon Oil

BP has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dragon Oil, the Dubai-based oil and gas company.  Under the terms of the agreement, Dragon Oil will purchase producing and exploration concessions, including BP’s interest in the Gulf of Suez Petroleum Company (GUPCO). Dragon Oil is a wholly-owned subsidiary of the Emirates National Oil Company (ENOC).

Total agrees with Occidental to contingent acquisition of Anadarko’s assets in Africa

Total announces that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of 8.8 billion $ in the event of a successful completion of Occidental’s ongoing bid for Anadarko. The transaction is contingent upon Occidental entering into and completing its proposed acquisition of Anadarko and to approval by the relevant authorities and is expected to close in 2020. 

Rovuma LNG Development Plan Approved by Mozambique Government

Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1.

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