Africa Oil & Gas: Libya’s Largest Oil Field Restarts After Armed Protests

A general view of the El Sharara oilfield, Libya

A general view of the El Sharara oilfield, Libya December 3, 2014.Ismail Zitouny/File Photo

Libya’s largest oil field, Sharara, is resuming normal operations after a brief shutdown caused by a militant attack on the control room in the port city of Zawiya, where crude from Sharara flows. Continue reading

Africa Oil & Gas: Uganda Picks GE, Saipem To Build First Oil Refinery

 

Oil Gas refinaries pipelines

Oil Refinery – Illustration

Uganda has picked a consortium including GE and Italian Saipem to build and operate the African country’s first oil refinery. The 60,000-bpd facility will process crude from fields operated by Tullow Oil, CNOOC, and Total. The consortium competed with 40 other companies, the Ugandan Energy Ministry said in a statement as quoted by Bloomberg. Continue reading

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

 

Helder Silva

HÉLDER SILVA – DEPUTY DIRECTOR OF BP ANGOLA

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

Global Oil & Gas: Can there be a 100% compliance at OPEC, again?

 

compliance

What does compliance entail?

A joint OPEC/non-OPEC technical committee will be meeting in Abu Dhabi on next week to discuss ways to improve compliance by members that have not been sticking 100 percent to their output quotas so far. Continue reading

Global Oil & Gas: Libya sends OPEC Oil Output To 2017 High

OPEC oil output has risen this month by 90,000 barrels per day (bpd) to a 2017 high, a Reuters survey found, led by a further recovery in supply from Libya, one of the countries exempt from a production-cutting deal. Continue reading

Africa Oil & Gas: Halliburton To Pay $29.2MM To Settle US Charges Tied To Angola bribes

File photo of the company logo of Halliburton oilfield services corporate offices in Houston

The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas in this April 6, 2012 file photo. REUTERS/Richard Carson

Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said on Thursday. Continue reading

Africa Oil & Gas: IMF Sees Oil Making Up As Much As 4% Of Uganda Economy

 

Oil-Prices-Decrease

IMF Sees Oil Making Up As Much As 4% Of Uganda Economy

Uganda’s new-found oil reserves may account for as much as 4 percent of its economy annually in coming years if managed well, the International Monetary Fund’s country chief says. Continue reading