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Spotlight | Africa
BP set to run down its African operations little by little

The British oil major is looking to drastically reduce its investment in field development and exploration in Africa. Here are our revelations. [...]

Published on 21.10.2020 at 05:00 GMT Reading time 3 minutes

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Energy

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Bernard Looney
BP
Covid-19
ENI
Equinor
ExxonMobil
In Salah Gas
Kosmos Energy
Petrofac
PetroNor
Shell
Sonatrach
Total

Mozambique
ExxonMobil and ENI prepare the ground for the second Coral FLNG

While safety issues are far from being resolved in the Cabo Delgado province, the two majors operating in Block 4 are working hard to develop offshore solutions.

Subscribers only Energy 21.11.2022

Senegal
Dakar to join gas 'OPEC'

Senegal is set to be inducted as an observer member of the Gas Exporting Countries Forum (GECF) tomorrow at its ministerial council meeting in Cairo.

Subscribers only Energy 24.10.2022

Algeria
Sonatrach claims major Hassi R'Mel gas discovery

Sonatrech's announcement at the beginning of July of its discovery of a volume of between "100 and 340 billion cubic metres of gas for condensate" on the Hassi R'Mel perimeter came at a particularly opportune moment for the company, which is under pressure from its clients to increase the volume of its gas exports to Europe.

Subscribers only Energy 29.07.2022

Senegal
Southey Offshore eyes up Senegal

The presence of the South African oil services firm in West Africa is currently limited to Ghana. The company's management wants to reverse this trend by targeting French-speaking Africa.

Subscribers only Energy 23.06.2022

Africa
CIS bounces back after losing contracts in Mozambique and Uganda

Despite losing one contract after another in East Africa, the French firm Catering International & Services has gained a second wind in the Sahel region and landed a major contract with BP-Sonatrach in Algeria.

Subscribers only Energy, Mining 17.06.2022

Mozambique
Galp's offshore divestment plans extend beyond Angola

The Portuguese company is in need of a quick source of cash to finance its colossal project in Brazil and wants to pull out of Mozambique as well as Angola.

Subscribers only Energy 27.05.2022

Senegal
Services giant Petrofac prospects far from home for BP and Tullow

After building its base in Europe, the Middle East and North Africa, the British-Emirati services colossus is venturing south of the Sahara. It is hoping to make the most of opportunities that will arise from the giant Tortue gas field that straddles the border between Senegal and Mauritania.

Subscribers only Energy 27.05.2022

Algeria
Sonatrach shuns Western firms for Chinese oil companies

State-owned Sonatrach, noting the disaffection of Western firms for the Algerian market, is now focused on doing business with Chinese companies, foremost among them Sinopec.

Subscribers only Energy 12.04.2022

Algeria
Sonatrach thwarts rapprochement between BP and ENI

No transaction between the two European majors is likely to be concluded any time soon in the face of opposition from the Algerian authorities.

Subscribers only Energy 18.02.2022

Ghana
No end in sight for negotiations with ENI and Vitol on Block 3

Despite having been awarded exploration rights on the Tano Basin offshore block in July 2019, ENI and Vitol have so far been unable to agree terms with the Ghanaian energy ministry.

Subscribers only Energy 09.12.2021

Sierra Leone
Shunned by majors, Freetown banks on Roger Tamraz's NetOil

The Sierra Leonean authorities want to conclude negotiations with the junior NetOil by December for the allocation of eleven offshore blocks.

Subscribers only Energy 30.09.2021

Lebanese-American businessman Roger Tamraz.

Mauritania
McDermott teams up with Bolloré to work for Kosmos and BP

In Nouakchott, US engineering firm McDermott has joined with Sogeco, whose director is also active in promoting US-Mauritanian business relations.

Subscribers only Energy 13.09.2021

Angola
BP staff prepare for forced exit ahead of ENI merger

As the two firms are about to set up a joint entity in Angola, employees of the British major expect to be laid off with no hope of a transfer.

Subscribers only Energy 06.07.2021

Algeria
BP's itchy feet leave Sonatrach with a big decision

The state-owned oil firm has not yet decided whether to accept or block the major's desired departure from the In Salah and In Amenas fields.

Subscribers only Energy 23.06.2021

West Africa
Changing tides for Norway's Aker in West Africa

The Røkke family company quickly took West African oil services and exploration by storm but its future there is not looking so rosy.

Subscribers only Energy 20.05.2021

Angola
BP bides its time on investing in prize Block 31 assets

The development of BP's Pala, Ástrea and Juno fields at Block 31, which are seen as the assets most likely to yield an increase in its Angolan output, will not be on the cards until early 2022.

Subscribers only Energy 02.04.2021

Ivory Coast
Local content bill tabled after Vitol, BP and Kosmos have bolted

Two years ago, the Ivorian oil ministry embarked upon the drafting of a text to provide for the participation of Ivorian companies in hydrocarbon projects in the country. The draft bill is finally ready, but several international oil companies have deserted Ivory Coast in the interim.

Subscribers only Energy 01.04.2021

Gambia
BP resigns to pay 'no drill' fine before leaving

British oil major BP is continuing its withdrawal from Africa as planned. After packing its bags in Madagascar, Sao Tomé and Principe and Ivory Coast, BP has negotiated its departure from block A1 in Gambia.

Subscribers only Energy 31.03.2021

Africa
Shell, ExxonMobil, Sasol step up for Covid vaccines and spy opportunity

Oil companies, convinced that the hydrocarbon sector's recovery, particularly in Africa, will go hand in hand with vaccination, are helping out with inoculation programmes. Some are investing in the lucrative market for storing vaccines.

Subscribers only Energy 29.03.2021

Sao Tome and Principe
BP boss Bernard Looney puts withdrawal plan into execution

As we predicted, BP is to withdraw from Sao Tomé and Principe.

Subscribers only Energy 16.03.2021

Spotlight | Senegal
BP discreetly discusses reducing stake in Grand Tortue

BP is ploughing ahead with plans to reduce its footprint in Africa. It is in particular looking at a major reduction of its stake in the Grand Tortue gas field straddling the maritime border between Mauritania and Senegal.

Subscribers only Energy 02.03.2021

Africa
Kosmos Energy disappears from exploration in BP's wake

The debt-ridden American junior oil firm, whose share price has been in a slump for the past year, has had to lower its exploration goals.

Subscribers only Energy 25.02.2021

FPSO on the Jubilee producing field in Ghana, still part of Kosmos Energy's portfolio.

Algeria, Angola, Nigeria
Equinor under legal and parliamentary scrutiny

Over the last year, Equinor has been contending with several legal actions relating to its operations in Africa as well as a parliamentary inquiry in its native Norway.

Subscribers only Energy 22.02.2021

Algeria
Petrofac files for arbitration at risk of losing Sonatrach markets

Petrofac had no other choice but to bring the courts into its dispute with the oil trio Equinor-BP-Sonatrach but may end up paying a high price for the move.

Subscribers only Energy 04.02.2021

The gas installations of In Salah, Algeria.

Egypt
What does Dana Gas have planned for block 6, the hoped-for 'new Zohr'?

The UAE gas firm Dana Gas has ambitious plans for the Egyptian block 6, North El Arish concession, and has gushed about the asset, proudly boasting that it contains 30 trillion cubic feet (tcf) of estimated gas reserves.

Subscribers only Energy 27.01.2021

Spotlight | Angola
After the UAE, Saudi Arabia and Qatar jostle for influence in Luanda

Despite a breakthrough in the Doha-Riyadh feud in January, the Angolan president Joao Lourenço is methodically positioning his players to make the most of the ongoing competition between the Gulf countries.

Subscribers only Diplomacy 20.01.2021

Angola
BP secures extension of block 18 contract at Greater Plutonio field until 2032

British major BP has been granted a five-year extension of its contract on the Greater Plutonio field (block 18), which had been due to expire in in 2027.

Subscribers only Energy 08.01.2021

Algeria
Why Berkine Basin alliance with Sonatrach could be a windfall for ENI

The Italian oil major is hoping this year to finalise a deal with its Algerian partner Sonatrach to develop the Berkine basin fields. If confirmed, this partnership would greatly increase ENI's production in the country.

Subscribers only Energy 04.01.2021

Spotlight | Mauritania, Senegal
Tortue gas field: BP drastically lowers its expectations, to Sall and Ghazouani's dismay

The second development phase of the giant Grand Tortue Ahmeyim gas field will not be as ambitious as Macky Sall and Mohamed Ould Ghazouani had hoped. As for the third...

Subscribers only Energy 09.12.2020

Spotlight | Mozambique
ExxonMobil turns cold on Rovuma LNG but ENI keeps going

In a context of insecurity and low hydrocarbon prices, it remains unclear when US major ExxonMobil will finally decide to launch its giant LNG project in Mozambique, even though its Italian partner ENI is moving ahead.

Subscribers only Energy 25.11.2020

Gabon
Marathon Oil yet to pay Tchicuate block fine in full

Oil states are increasingly imposing fines on companies that flout work schedules. Do such penalties still need to be paid?

Subscribers only Energy 23.11.2020

Gambia
How BP plans to avoid 'no drill' fine

As we revealed, BP no longer plans to drill on the Gambian block A1.

Subscribers only Energy 17.11.2020

Niger
Covid-19 ruins CNPC's Niger-Benin pipeline plans for 2020

The pandemic has forced CNPC to scale down its projects, which in turn has dashed the ruling party's hopes that it might benefit from the Chinese major's oil investments during the presidential election campaign.

Subscribers only Energy 29.10.2020

Angola
Local content: should Total, Chevron, ENI, ExxonMobil and BP be worried?

After a wait of five years, the decree providing for greater local company involvement in the oil industry is set to come into force at a difficult time, with the country still in the throes of the Covid-19 crisis.

Subscribers only Energy 27.10.2020

Madagascar
After Aggreko and BP withdraw, Rio Tinto is the last man standing

Commercial ties between the United Kingdom and Madagascar are continuing to shrink and Rio Tinto, the last British flagship present in Madagascar, is struggling to remain on good terms with the administration of President Andry Rajoelina.

Subscribers only Mining, Business 23.10.2020

Spotlight | Algeria
Petrofac mulls legal action against BP, Equinor and Sonatrach over In Salah project

Oil-services giant Petrofac wants to be paid for the extra costs it incurred at the gas project.

Subscribers only Energy 14.10.2020

Angola
BP opts out of Angolan oil revival led by Total and ENI

Most oil companies in Angola have resumed work on the projects they were working on before the disruption caused by the public health crisis. Only BP is hanging back.

Subscribers only Energy 06.10.2020

South Africa
Oil industry now a battlefied for warring ANC leaders

Several majors involved in offshore exploration are impatient for the government to move forward with key legislation. Two big players have already called it a day.

Subscribers only Energy 07.09.2020

Mineral and Energy Resources Minister Gwede Mantashe.

Angola
Equinor and DOF Subsea steer Norway's diplomatic moves with Lourenço

Norway can count on DOF Subsea and Equinor to help the country build and then strengthen its ties with its largest economic partner in Africa, Angola.

Subscribers only Energy 27.05.2020

President João Lourenço (right) with vice president of Norwegian company DOF Subsea, Jan-Kristian Haukeland.

Spotlight | Congo
How Perenco and oil supremo Gokana scuppered Total's offer on the much-coveted Kombi, Likalala and Libondo II oilfields

The family-run junior oil company Perenco has shut out the competition by bringing out the big guns to win the contract for the Kombi, Likalala and Libondo II fields, with former SNPC boss Denis Gokana lending a helping hand.

Subscribers only Energy 23.04.2020

Mauritania
Total pays the price for ExxonMobil's signing bonus largesse

Arrangements made by the US major two years ago set a costly precedent for the French firm's acquisition of offshore blocks C15 and C31.

Subscribers only Energy 10.04.2020

Spotlight | Algeria, Ghana, Mozambique
The secret story of Total's strike on Anadarko

Total has no intention of losing its seat as one of the largest oil players on the continent and has been busy working to keep ahead of Chevron in the race for Anadarko's African assets.

Subscribers only Energy 14.05.2019

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Bernard Looney
BP
Covid-19
ENI
Equinor
ExxonMobil
In Salah Gas
Kosmos Energy
Petrofac
PetroNor
Shell
Sonatrach
Total

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Spotlight | Africa BP set to run down its African operations little by little

This article may be accessed by subscribers

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create a free account

Set up email notifications for these topics

Mozambique ExxonMobil and ENI prepare the ground for the second Coral FLNG

Senegal Dakar to join gas 'OPEC'

Algeria Sonatrach claims major Hassi R'Mel gas discovery

Senegal Southey Offshore eyes up Senegal

Africa CIS bounces back after losing contracts in Mozambique and Uganda

Mozambique Galp's offshore divestment plans extend beyond Angola

Senegal Services giant Petrofac prospects far from home for BP and Tullow

Algeria Sonatrach shuns Western firms for Chinese oil companies

Algeria Sonatrach thwarts rapprochement between BP and ENI

Ghana No end in sight for negotiations with ENI and Vitol on Block 3

Sierra Leone Shunned by majors, Freetown banks on Roger Tamraz's NetOil

Mauritania McDermott teams up with Bolloré to work for Kosmos and BP

Angola BP staff prepare for forced exit ahead of ENI merger

Algeria BP's itchy feet leave Sonatrach with a big decision

West Africa Changing tides for Norway's Aker in West Africa

Angola BP bides its time on investing in prize Block 31 assets

Ivory Coast Local content bill tabled after Vitol, BP and Kosmos have bolted

Gambia BP resigns to pay 'no drill' fine before leaving

Africa Shell, ExxonMobil, Sasol step up for Covid vaccines and spy opportunity

Sao Tome and Principe BP boss Bernard Looney puts withdrawal plan into execution

Spotlight | Senegal BP discreetly discusses reducing stake in Grand Tortue

Africa Kosmos Energy disappears from exploration in BP's wake

Algeria, Angola, Nigeria Equinor under legal and parliamentary scrutiny

Algeria Petrofac files for arbitration at risk of losing Sonatrach markets

Egypt What does Dana Gas have planned for block 6, the hoped-for 'new Zohr'?

Spotlight | Angola After the UAE, Saudi Arabia and Qatar jostle for influence in Luanda

Angola BP secures extension of block 18 contract at Greater Plutonio field until 2032

Algeria Why Berkine Basin alliance with Sonatrach could be a windfall for ENI

Spotlight | Mauritania, Senegal Tortue gas field: BP drastically lowers its expectations, to Sall and Ghazouani's dismay

Spotlight | Mozambique ExxonMobil turns cold on Rovuma LNG but ENI keeps going

Gabon Marathon Oil yet to pay Tchicuate block fine in full

Gambia How BP plans to avoid 'no drill' fine

Niger Covid-19 ruins CNPC's Niger-Benin pipeline plans for 2020

Angola Local content: should Total, Chevron, ENI, ExxonMobil and BP be worried?

Madagascar After Aggreko and BP withdraw, Rio Tinto is the last man standing

Spotlight | Algeria Petrofac mulls legal action against BP, Equinor and Sonatrach over In Salah project

Angola BP opts out of Angolan oil revival led by Total and ENI

South Africa Oil industry now a battlefied for warring ANC leaders

Angola Equinor and DOF Subsea steer Norway's diplomatic moves with Lourenço

Spotlight | Congo How Perenco and oil supremo Gokana scuppered Total's offer on the much-coveted Kombi, Likalala and Libondo II oilfields

Mauritania Total pays the price for ExxonMobil's signing bonus largesse

Spotlight | Algeria, Ghana, Mozambique The secret story of Total's strike on Anadarko

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Niger
Washington watches as Tehran negotiates with Niamey for 300 tonnes of uranium

Guinea
Behind the scenes of Mamadi Doumbouya's offensive on Russian miner Nordgold

Spotlight | Africa
BP set to run down its African operations little by little

Mozambique
ExxonMobil and ENI prepare the ground for the second Coral FLNG

Senegal
Dakar to join gas 'OPEC'

Algeria
Sonatrach claims major Hassi R'Mel gas discovery

Senegal
Southey Offshore eyes up Senegal

Africa
CIS bounces back after losing contracts in Mozambique and Uganda

Mozambique
Galp's offshore divestment plans extend beyond Angola

Senegal
Services giant Petrofac prospects far from home for BP and Tullow

Algeria
Sonatrach shuns Western firms for Chinese oil companies

Algeria
Sonatrach thwarts rapprochement between BP and ENI

Ghana
No end in sight for negotiations with ENI and Vitol on Block 3

Sierra Leone
Shunned by majors, Freetown banks on Roger Tamraz's NetOil

Mauritania
McDermott teams up with Bolloré to work for Kosmos and BP

Angola
BP staff prepare for forced exit ahead of ENI merger

Algeria
BP's itchy feet leave Sonatrach with a big decision

West Africa
Changing tides for Norway's Aker in West Africa

Angola
BP bides its time on investing in prize Block 31 assets

Ivory Coast
Local content bill tabled after Vitol, BP and Kosmos have bolted

Gambia
BP resigns to pay 'no drill' fine before leaving

Africa
Shell, ExxonMobil, Sasol step up for Covid vaccines and spy opportunity

Sao Tome and Principe
BP boss Bernard Looney puts withdrawal plan into execution

Spotlight | Senegal
BP discreetly discusses reducing stake in Grand Tortue

Africa
Kosmos Energy disappears from exploration in BP's wake

Algeria, Angola, Nigeria
Equinor under legal and parliamentary scrutiny

Algeria
Petrofac files for arbitration at risk of losing Sonatrach markets

Egypt
What does Dana Gas have planned for block 6, the hoped-for 'new Zohr'?

Spotlight | Angola
After the UAE, Saudi Arabia and Qatar jostle for influence in Luanda

Angola
BP secures extension of block 18 contract at Greater Plutonio field until 2032

Algeria
Why Berkine Basin alliance with Sonatrach could be a windfall for ENI

Spotlight | Mauritania, Senegal
Tortue gas field: BP drastically lowers its expectations, to Sall and Ghazouani's dismay

Spotlight | Mozambique
ExxonMobil turns cold on Rovuma LNG but ENI keeps going

Gabon
Marathon Oil yet to pay Tchicuate block fine in full

Gambia
How BP plans to avoid 'no drill' fine

Niger
Covid-19 ruins CNPC's Niger-Benin pipeline plans for 2020

Angola
Local content: should Total, Chevron, ENI, ExxonMobil and BP be worried?

Madagascar
After Aggreko and BP withdraw, Rio Tinto is the last man standing

Spotlight | Algeria
Petrofac mulls legal action against BP, Equinor and Sonatrach over In Salah project

Angola
BP opts out of Angolan oil revival led by Total and ENI

South Africa
Oil industry now a battlefied for warring ANC leaders

Angola
Equinor and DOF Subsea steer Norway's diplomatic moves with Lourenço

Spotlight | Congo
How Perenco and oil supremo Gokana scuppered Total's offer on the much-coveted Kombi, Likalala and Libondo II oilfields

Mauritania
Total pays the price for ExxonMobil's signing bonus largesse

Spotlight | Algeria, Ghana, Mozambique
The secret story of Total's strike on Anadarko