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.
Boosted by recent successes on its home market, state-owned oil Namibian oil company Namcor is looking to expand into Angola with backing from two partners. It is hoping to take advantage of the financial difficulties currently being experienced by Sonangol, which is having to sell off some of its prize assets, including block 15/06.
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.
Total's arrival in Mozambique in September 2019, which marked a high point in France's efforts to establish its presence in the southern African country, was only the cherry on the cake of a wider-ranging campaign in which French banks and companies were already heavily involved.
Taking a page from ExxonMobil's book (AEI 851), Chevron would like to trim its Nigerian portfolio by divesting from secondary or aging assets. The plan is to sell these to local firms with enough connections for the Department of Petroleum
Alongside President Muhammadu Buhari, who officially holds the post of oil minister, Nigeria's petroleum affairs are currently handled by two men, Maikanti Kacalla Baru, group managing director of NNPC, and Emmanuel Kachikwu, minister of state, petroleum resources (and also chairman
Joined millions of years ago, the African and South American continents present geological similarities that stir the curiosity of oil companies. Recent discoveries on the South American side of the Atlantic have spurred demand for exploration licences on the opposite