The new legislation allows for the creation of institutions to oversee the sector and for revenue sharing between the central government and federal states, among other objectives, the ministry of petroleum and mineral resources said in a statement.
Speaking at an event in Washington, Total CEO Patrick Pouyanne said the oil major has had its eyes on Anadarko's Africa assets for more than a year.
The agreement calls for the delivered ex-ship supply of 1.6 million tonnes per annum (MTPA) for a base term of 17 years from the commercial start date, according to a news release.
KBR Inc. (NYSE: KBR) said May 9 that BP has awarded KBR’s U.K. operating subsidiary the engineering, procurement and construction management contract to provide facilities integration and terminal quarters and utilities (QU) management for the hub/terminal of BP's Greater Tortue Ahmeyim Project, located at the maritime border of Senegal and Mauritania.
SBM Offshore said May 10 that Esso Exploration and Production Guyana Ltd. (EEPGL), an affiliate of ExxonMobil Corp., has confirmed the award of contracts for the next phase of the Liza project in Guyana.