Many representatives from Russia attended the 28th edition of Africa Oil Week in Cape Town, South Africa.
Obtaining a shipment of Congolese crude is usually mission impossible for non-French-speaking traders, but the Emirati firm Masono managed to acquire its first one in September and is in line to be awarded more. This feat is due to the intervention of Françoise Joly, the Congolese president's international affairs representative.
French major TotalEnergies has launched a large-scale process for selecting and training its local workforce in Uganda, completing its first phase in March.
Some Chinese companies have managed to bag subcontracts for the continent's major oil infrastructure development projects. But China's success in exploration has diminished considerably.
The development of oil fields in Lake Albert is testing the TotalEnergies boss' nerves. He is under pressure from politicians and environmentalists, while shareholders are lukewarm about the Tilenga project, which is partly located in a fragile ecosystem.
TotalEnergies and Cnooc are poised to sign the final investment decision (FID) on Tilenga in the coming hours in Kampala where the oil major's CEO Patrick Pouyanné is expected for the signing ceremony.
Following the death of the president of Tanzania John Magufuli last week, ministers Adelardus Kilangi and Medard Kalemani cancelled their visit to Uganda planned Monday.
After putting its African ambitions on the backburner for years, Lukoil is returning to countries where it is not known [...]