Weekly news roundup 24/05

South Africa seeks partners for $1bn South Sudan scheme, Anglo African offered new Tilapia field license and more of this week’s top news

Italian oil & gas giant Eni and Algerian Sonatrach extend their gas supply contract until 2027. The two companies have signed agreements to renew the contract to import Algerian gas into Italy until 2027 – plus two further optional years – as well as defining the transportation arrangements through the pipeline crossing the Mediterranean Sea. Read more

South Korean shipbuilder DSME holds a naming ceremony for the brand new Sonangol Quengela drillship – to be stationed in Angolan waters. The seventh-generation drillship will be operated by Sonadrill, a joint venture between drilling contractor Seadrill and an affiliate of Sonangol E&P. Read more

South Africa’s Strategic Fuel Fund may bring in partners to help execute a $1bn drilling, refinery & pipeline construction agreement in South Sudan, according to the nation’s oil minister. The partnership should benefit South Sudan by boosting production in a nation where output is half of what it was before the civil war, while securing energy supplies for South Africa, which imports crude for its refineries as it has little oil production of its own. Read more

Dana Gas, the Middle East’s largest regional private sector natural gas company, announces that it has commenced drilling operations at its Merak-1 well, offshore Egypt. The location is in 755 meters of water in the North El Arish concession, also known as Block 6. Read more

The African Energy Chamber says U.S. firms will not be left behind as investments pick up in Angola. The ambitious reform agenda of President João Laurenço and Minister of Mineral Resources and Petroleum, Dr. Diamantino Pedro Azevedo, has already resulted in increased investment from the country’s biggest European operators. It now presents an opportunity for North American companies to re-engage and re-invest in the Angolan market. Read more

Anglo African Oil & Gas is formally offered a new licence for Congolese Tilapia field. The group confirmed that it will have a 25-year term and Petro Kouiliou will retain its current 56% interest in the field. Read more

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