Brent Crude is trading at $65.63, WTI at $55.39 and natural gas at $2.60 per million BTU (at 17:06 in South Africa). Here are AOPs top news stories from the last seven days.
Significant developments in Angola’s oil and gas sector lead the week’s news with President João Lourenço announcing Paulino Fernando de Carvalho Jerónimo as chairman of Angola’s recently launched National Oil and Gas Agency.
National Oil and Gas Agency leadership appointed
Angola’s former Secretary of State for Oil, Paulino Fernando de Carvalho Jerónimo, was officially appointed chairman of the recently launched National Oil and Gas Agency (ANPG) by President João Lourenço, on Tuesday.
Angola to become fuel self-sufficient
Angolan President João Lourenço has promised to make Angola’s hydrocarbons sector more competitive and independent. Speaking at the inauguration of the new Secretary of State for Oil, José Alexandre Barroso, and the board of the newly formed National Oil and Gas Agency on Thursday, he noted that the hydrocarbons industry was essential to the country’s economy.
Shell, NNPC invite bidders for $10 bn Bonga South West project
The Nigerian National Petroleum Corporation (NNPC) and Shell Nigeria Exploration and Production Company (SNEPCo) have invited prospective bidders to tender for the $10 billion Bonga South West/Aparao (BSWA) deepwater project, following direction from the Minister of State for Petroleum Resources in June.
Kenya-Tanzania power project moves forward
In a bid to meet its 2020 completion deadline, the Kenya-Tanzania Power Interconnection Project has moved forward with the division of lots and the commitment of contractors on the Tanzanian side to set up a 510km 400kV transmission line and accompanying substations.
West Africa regional cooperation powers up The new Regional Master Plan for the Production and Transmission of Electric Power of the Economic Community of West African States (ECOWAS) has been finalized.
The plan, which was presented to the EU Ambassador to Benin, Oliver Nette, by Secretary General of the West African Power Pool (WAPP) Siengui Appollinaire Ki, aims to increase power access and coverage across the region by increasing synergies between different countries.
ExxonMobil enters Egypt’s upstream oil and gas sector
ExxonMobil on Tuesday officially entered Egypt’s upstream sector through the country’s international tender for oil and gas exploration.
The Egyptian Natural Gas Holding Corporation’s bid round, the largest in its history, awarded 12 concessions to various oil and gas majors in total.
BP announces first gas from phase 2 of West Nile Delta development
BP has announced that first gas production has started from the second phase of its West Nile Delta development offshore Egypt.
BP has an 82.75% operating stake in the project, which produces gas from the Giza and Fayoum fields. The fields have eight wells and produce 400 mcf of gas per day, with production expected to ramp up to 700 mcf per day.
Senegal to launch renewables training and research program
French investment company Meridiam last week launched a research and training program focused on renewable energy development in Dakar.
Managed by the International Centre for Training and Research in solar energy (CIFRES), a unit of the Higher Polytechic School of Dakar (ESP), the program aims to train 200 technicians and electricians in Senegal. It will also feature a specific component devoted to research in renewable energy.
South Sudan to produce 350,000 bpd by 2020
Speaking on the sidelines of a conference in India on Sunday, South Sudan’s Minister of Petroleum Ezekiel Lol Gatkuoth said the country was planning to increase oil production to 270,000 bpd by the end of 2019 and that production would reach pre-war production levels of 350,000 bpd by mid-2020.