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ENERGY NEWS

A focus on the Middle East & Africa


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Exxon Mobil opened talks in Ghana to undertake Deepwater exploration off its coast

The Ghanaian government opted for direct negotiations with Exxon without open competitive tendering. The country expects to increase oil production to around 250,000 barrels per day by 2019.
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Eni signs an exploration and production sharing agreement with Oman

Eni signed a 55% interest EPSA on the unexplored Block 52 Offshore Oman following its strategy to strengthen its presence in the Middle East. Eni will operate the block with Qatar Petroleum and NOC Oman Oil Company Exploration & Production.
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Eni to operate Angola’s Cabinda North Block with a 48% block’s right

Eni and Sonangol signed an agreement of operatorship of the block. The two companies signed a memorandum of understanding to define joint projects which expand the scope of Eni’s operations in Angola.
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NNPC, Chevron rap up $1.7billion deal to Increase crude oil, gas production

Nigerian National Petroleum and Chevron Nigeria Limited executed a $1.7 billion deal to increase crude oil production. The alternative financing agreement would increase crude oil production in Nigeria in the country by about 39,000 barrels per day.
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BP seeks stake in Cairn Energy Senegal assets

Cairn Energy is in talks to sell 30% stake to BP for its Senegalese field valued at $600 million. Oil majors have been increasingly homing in on the waters off Senegal, as well as neighbors Mauritania and Gambia, where they suspect hundreds of millions of barrels lie.
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Shell Companies emerge best in sustainability innovation in Africa

Shell companies emerged best in sustainability innovation in Africa at the 11th edition of the Sustainability, Enterprise and Responsibility Awards (SERAs) for Corporate Social Responsibility held in Lagos.
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Rosneft is planning to invest $2 billion in Egypt’s Zohr gas field

Russia’s largest oil producer agreed to invest $2 billion in Zohr gas field between 2018 and 2021. Russia's Rosneft says to invest over $2 bln in Egypt's Zohr in 2018-2021.
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The first development phase of Oman’s giant Khazzan gas field was inaugurated

The first phase of Khazzan will include 200 wells feeding into a two-train central processing facility, estimated to 10.5 trillion cubic feet of recoverable gas resources.
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Abu Dhabi is planning to boost capacity of Upper Zakum Offshore oil field

Abu Dhabi will boost the capacity of the Upper Zakum Offshore field, the fourth largest oil field in the world, to 1 million barrels per day by 2024.The agreement was signed with Exxo, Mobil and Inpex Corp.
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Saudi women entrepreneur from the petrochemical industry won Shell “Top Ten Innovators” Global prize

Ghazael Aldossary, owner of Oriental Promises Trading, a company connecting large manufacturers to recyclable waste materials, won the Shell LiveWIRE global competition.
INFOMINEO RESOURCES
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Africa Oil & Gas Review

What are the key opportunities and challenges that are being faced by Oil & Gas companies in Africa? Are companies in the Oil & Gas industry fit for growth? Access this year's Oil & Gas Review by PwC, powered by Infomineo's research team. Are companies in Africa's oil & gas industry fit for growth?
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Solar powered oil recovery: a model for the future?

Oman's domestic crude oil production relies heavily on Enhanced Oil Recovery (EOR) methods. Located in southern Oman, Miraah, a 1,021 MW solar-thermal facility, could save up to 5.6 trillion btu, enough to provide 5 percent of the country’s population with electricity.

INFOMINEO

Infomineo is a data and research service provider, that specializes in Africa and the Middle East, dedicated to supporting global companies in getting access to information that powers their investment decisions in the region. Through a direct presence in key markets such as the UAE, South Africa, Kenya, Egypt and Morocco, Infomineo provides a quick access to market data on key questions such as: market and product prioritization, partner identification, commercial due diligence, route to market, supply chain mapping and competitive analysis among others. Along with conducting custom research for clients, Infomineo also delivers an Expert Network service, an Executive Search service, and a Business Translation service. 

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