Africa Oil & Gas: BP invested US$30 billion in Angola since 1995


Helder Silva


The BP group has invested at least US$30 billion and paid US$18billion to the Angola State since 1995, BP Angola deputy director Hélder Silva said last week in Luanda at the release of the company’s sustainability in Angola. Continue reading

Africa Oil & Gas: NNPC, Shell, Chevron Sign Agreements in Nigeria


Image: Signing of the agreements between NNPC, Shell and Chevron. (Photo: courtesy of Nigerian National Petroleum Corporation)

Two sets of alternative financing agreements on Joint Venture (JV) projects to boost reserves and production in line with government’s aspiration were executed in London on Monday between the Nigerian National Petroleum Corporation (NNPC) and two of its JV partners: NNPC/Chevron Nigeria Limited (CNL) JV and NNPC/Shell Petroleum Development Company (SPDC) JV. Continue reading

Africa Oil & Gas: Eni’ CEO and the Egypt Zohr gas fied case

EGYPTZOHRCEO of Italy’s Eni met with the Egyptian prime minister Sharif Ismail in Cairo discussing the future of the Zohr gas field and its impacts on the national energy economy.  Continue reading

Mozambique Oil & Gas: Anadarko to design, build marine facilities for LNG project in Mozambique



Anadarko drillship offshore Rovuma basin

HOUSTON — Anadarko Petroleum Corporation announced that it had finalized two agreements with the Government of Mozambique—together known as the “marine concessions”—which would allow it to design, build and operate the marine facilities for its LNG project in northern Mozambique. This follows the publication of the Mozambican Government Decrees approving those agreements.

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Global Oil & Gas: Eni establishes an Advisory Board of international energy experts

ENI CEO Claudio Descalzi-speak-3-652x366

ENI CEO Claudio Descalzi

Eni’s Board of Directors has established an Advisory Board, following the decision of April 13.The Advisory Board will analyse the main geopolitical, technological and economic trends, including issues related to the decarbonisation process for the Board and Eni’s CEO. Continue reading

Mozambique Oil & Gas: Anadarko’s, Moz Area 1 developer, narrows 2Q loss


Offshore Mozambique (image by Anadarko)

Woodlands-based Anadarko, the developer of the giant Mozambique LNG project, narrowed its loss in the second quarter 2017 in comparison to the corresponding period in 2016. Continue reading

Global Oil & Gas: Anadarko becomes first U.S. oil producer to slash 2017 capex


Anadarko spends $2bn on Freeport MacMoRan deepwater assets

U.S. oil producer Anadarko Petroleum Corp (APC.N) posted a larger-than-expected quarterly loss on Monday and said it would cut its 2017 capital budget by $300 million because of depressed oil prices CLc1, the first major U.S. oil producer to do so as reported by Reuters.

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