SacOil Holdings Ltd. out of South Africa is looking to diversify its portfolio and towards that end will be building a gas pipeline in Mozambique and developing oil wells in Egypt that it gained access to earlier this year. CEO Thabo Kgogo said in an interview with Bloomberg that the company was in talks with […]

Partners on Israel’s offshore Tamar gas field may expand production capabilities if a deal with Spain’s Union Fenosa Gas (UFG) is signed. The UFG deal would have Tamar gas delivered to an LNG facility in neighboring Egypt. The expanded production capacity would be part of a $1.5-$2 billion upgrade, including the construction of an underwater […]

SPDC completed the assignment of its 30% interest in OML 24 and related facilities in Nigeria’s eastern Niger Delta to Newcross Exploration and Production Ltd. (Newcross). Total cash proceeds for Shell amount to some $600 million. This sale is just one of many completed by Shell in Nigeria and is in line with the Nigerian […]