Morrocco: Qatar Petroleum acquires stake permits from Eni

Morrocco: Qatar Petroleum acquires stake permits from Eni

Qatar Petroleum is expanding its global portfolio entering into an agreement with Eni to acquire a 30 percent participating interest in the Tarfaya Shallow Exploration Permit off Morocco. The company noted it is a series of 12 neighboring offshore blocks along the Atlantic coast of Morocco. Following regulatory approvals, the partners holding a participating interest in the Tarfaya shallow exploration permit will be affiliates of each of Eni (operator) with a 45 percent participating interest,…

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Mozambique: QP signs pact with Eni to acquire 25.5% stake in exploration block

Mozambique: QP signs pact with Eni to acquire 25.5% stake in exploration block

Qatar Petroleum (QP) has entered into an agreement with Italy’s Eni to acquire a 25.5 percent participating interest in block A5A, located in the Angoche basin, offshore the Republic of Mozambique, the company announced in a statement on Monday.

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Africa Oil & Gas: Nigeria hits oil majors with billions in back taxes

Africa Oil & Gas: Nigeria hits oil majors with billions in back taxes

Nigeria has ordered foreign oil and gas companies to pay nearly $20-billion in taxes it says are owed to local states, industry and government sources said, in a move that could deter investment in Africa’s largest economy.

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Mozambique Oil & Gas: Area 4 Secure Enought Offtake Commitments for the Rovuma LNG Project

Mozambique Oil & Gas: Area 4 Secure Enought Offtake Commitments for the Rovuma LNG Project

Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.

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Africa Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

Africa Oil & Gas: Nigeria files $1.1bn London lawsuit against Shell, Eni over oil deal

Lawyers for the Nigerian government said they had filed a $1.1-billion lawsuit against Royal Dutch Shell and Eni in a commercial court in London on Thursday in relation to a 2011 oilfield deal.

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