Chariot raises US$25.5M for offshore gas project in Morocco

MOROCCO – Africa-focused energy exploration company Chariot has raised US$ 25.5 million to progress its flagship Anchois offshore gas project in Morocco, as well as its other renewable energy projects across Africa. The Anchois gas development project, which falls under the Lixus Offshore drilling license, covers an area of around 2,390km², with a water depth that ranges from the coastline…

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Shell subsidiary acquires ExxonMobil’s offshore concession in Egypt

EGYPT – BG International Limited., a subsidiary of Shell plc., has signed a Farm Out Agreement (FOA) with ExxonMobil Egypt Limited to acquire a 100% stake in the ExxonMobil-operated North East El-Amriya Offshore Area. The completion of the ownership transfer process is subject to the approval of the relevant government and regulatory agencies. A Farm Out Agreement (FOA) is a…

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Bollore Logistics awarded main logistics contract for crude oil pipeline

KENYA – TotalEnergies has awarded a contract for the main logistics contractor (MLC) services for the East African Crude Oil Pipeline (Eacop) project, to French multinational, Bollore Logistics. Local firms in Uganda and Tanzania will, therefore, only play the support role. Bollore Logistics will deliver the services within the budget of US$133 million, which the company bid. EALS Ltd., a…

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Wintershall Dea expands interest in Algerian Reggane Nord gas project

ALGERIA – Wintershall Dea has agreed to acquire an additional 11.25% participating interest in the Reggane Nord natural gas project, in Algeria, from Edison International for an undisclosed sum. After the transaction is closed, the consortium Groupement Reggane Nord (GRN), operator of the project, will comprise Sonatrach (40%), Wintershall Dea (30.75%), and Repsol (29.25%). The company currently holds a 19.5%…

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Savannah Energy announces extension of First Independent Power GSA in Nigeria

NIGERIA – Savannah Energy, an African‑focused British independent energy company has signed an addendum to its existing interruptible gas sales agreement (IGSA) with First Independent Power Limited (FIPL). The deal was signed by Accugas, the company’s 80% indirectly owned subsidiary that supplies up to 35 MMscfpd of gas to FIPL’s Afam power plant. Under the terms of the addendum, FIPL…

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Eco Atlantic supports capital expenditure requirements for offshore well in South Africa

SOUTH AFRICA – Eco Atlantic Oil & Gas has put US$20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa. Eco Atlantic completed the acquisition of Azinam Group in March and raised around US$25.5 million in early April. Africa Energy reported the Eco Atlantic deposit in the Gazania escrow. Africa…

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Wood wins contract for FPSO unit development offshore Senegal

SENEGAL – Wood, a British multinational engineering and consulting company has been awarded a contract by Woodside Energy for the Sangomar FPSO development, located 100km south of Dakar, Senegal. The floating production storage and offloading (FPSO) facility is specifically designed for the processing of hydrocarbons and the storage of oil before being transported to markets around the world. On completion…

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TotalEnergies Marketing Maroc names Abdesslam Rhnimi General Director

MOROCCO – TotalEnergies Marketing Maroc, a Morocco-based company, which operates in the field of petroleum products market, has appointed Abdesslam Rhnimi as the new managing director. Rhnimi succeeds the previous managing director of the Moroccan subsidiary of French energy company TotalEnergy, Mr. Tarik Moufaddal called to occupy new functions within the company. In his new role, Rhnimi will oversee and…

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Canada’s Eco Oil & Gas to acquire Namibia’s exploration company Azinam Group Limited

NAMIBIA – Eco (Atlantic) Oil & Gas, a Toronto-headquartered oil and gas exploration company focused on the offshore Atlantic margins, has signed a memorandum of understanding to acquire 100% of Azinam Group Limited, a wholly owned subsidiary of Azinam Holdings Limited. AziNam is an exploration and production company focused on rapidly progressing the exciting opportunities in Namibia. Offshore South Africa…

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