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| OIL AND GAS |
South Sudan tells SA it can bring in partners for oil project
May 23, 2019
The Strategic Fuel Fund in SA is welcome to bring in partners to help it execute a $1bn agreement to drill for oil and build a refinery and pipeline in South Sudan, the central African nation’s oil minister said. Under the agreement, signed between the two governments on May 6, the Strategic Fuel Fund holds 90% of the project in B2 block with the Nile Petroleum Corp, South Sudan’s national oil company, owning the rest, Ezekiel Gatkuoth"...
Making Oil & Gas Projects Viable in Niger Delta
May 19, 2019
Investing in multi-million dollar oil and gas projects in the Niger Delta is highly risky and harrowing, especially with the militating factors, associated with operating in the terrain. Besides, investors are usually caught unawares of ancillary factors that are remarkable in frustrating many laudable projects. Adopting Macro-Level Conflict Risk and Impact Assessment (M-CRIA), a conflict sensitive business practices tool, has proved to be a measure to forestall crisis in planning, implementation and delivery of such projects,"...
Khartoum electricity staff on strike over outages
May 15, 2019
The staff of the Sudanese Electricity Distribution Company (SEDC) in Khartoum entered a general strike on Sunday, due to repeated power cuts without justification. They conditioned lifting the strike with dismissing the SEDC general manager and his deputy. At a press conference in Khartoum on Monday, they also demanded to dismiss all the figures of the former regime in the company and restore the former National Corporation for Electricity and the"...
Kenya to construct a new geothermal transmission line
May 15, 2019
Kenya has announced plans to construct a more efficient transmission line to supply geothermal power to the western region will help the country save close to US $20m worth of electricity annually lost through leakages during transportation. Fernandes Barasa, the Managing Director at Kenya Electricity Transmission Company (KETRACO revealed the reports and said that through the 220kV/ 400kV Olkaria-Lessos-Kisumu line, western parts of the country"...
Sudan Delivers Fuel to Power Stations, has Enough Flour for June
May 12, 2019
Reuters KHARTOUM – Sudan said on Friday it has delivered fuel supplies to power stations and is working on solutions to a cash crisis, addressing some of the main triggers for mass protests that led to the ouster of President Omar al-Bashir last month.
General Ibrahim Jaber, a member of Sudan’s ruling Transitional Military Council (TMC) also said that flour supplies were sufficient to cover the needs of the country of 40 million"...
Min.Petroleum secures oil drilling chemicals held up at Port Sudan
May 8, 2019
Petroleum Minister, Ezekiel Lol and the Undersecretary, Mayen Wol assess the oil drilling chemicals at Port Sudan before being transported to South Sudan in May, 2019 The Ministry of Petroleum says it has finally received oil drilling chemicals -allaying earlier fears that the absence of the chemicals would interrupt the smooth flow of the oil to the Port of Sudan. Last"...
Pan Ocean Completes Gas Plant, Other Projects
May 7, 2019
The Pan Ocean Oil Corporation (Nigeria) Limited has announced that it has completed three key projects.
These include a crude oil pipeline, a gas processing plant and a production facility. The company said the projects would significantly boost infrastructure in the Nigerian oil and gas industry.
The technical start-up and unveiling of the projects, namely Amukpe-Escravos Pipeline Project, Ovade-Ogharefe Gas Processing Plant Phases"...
ExxonMobil Provides $100,000 to Support Relief Efforts in Mozambique Following Cyclone Kenneth
May 7, 2019
(AETOS Wire)-- ExxonMobil said today that it is providing $100,000 to support disaster relief and recovery efforts in Mozambique following Cyclone Kenneth, which made landfall on April 25. The $100,000 contribution will go to the American Red Cross, which will coordinate its assistance with the Mozambique government’s National Disasters Management Institute in support of ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. “We are deeply saddened by the impact of Cyclone Kenneth on Mozambique and surrounding countries,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company. “The devastation from cyclones Idai and now Kenneth have been widespread, and this funding will help provide relief during a very difficult time. Our thoughts are with everyone affected.” ExxonMobil employees and contractors have been reported safe following the cyclone. Since Cyclone Idai, ExxonMobil has contributed more than $400,000 in support of recovery efforts in Mozambique. In Mozambique, ExxonMobil holds......
South Sudan says agrees oil exploration deal with South Africa
May 6, 2019
JUBA, May 6 (Reuters) - South Sudan and South Africa will sign a production sharing agreement for an untapped exploration block in the East African country, whose production has been hampered by civil war, South Sudan’s petroleum ministry said on Monday. The Exploration Production Sharing Agreement (EPSA) for Block B2 will be signed by Ezekiel Lol Gatkuoth, South Sudan’s Minister of Petroleum and Jeff Radebe, South Africa’s Minister"...
Equinor profit beats forecast
May 5, 2019
Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield in the North Sea remains on track to start production in November.
Earnings before interest and tax (EBIT), adjusted for one-off items, fell to $4.2 billion in the first quarter from $4.4 billion during the same period of 2018, higher than a forecast of $3.9 billion in a Reuters poll of analysts.
The company, which has a smaller refining business"...
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