Shell’s departure will mean the Miskar concession in southern city of Gabes will be handed back to the government, a senior official in the energy ministry says.
The agreement reached in principle would consolidate most of the concessions APA operates through subsidiary Apache Egypt in the Western Desert into one.
The U.S. and Nigeria were among the countries noted for making strides in lowering volumes of flared gas.
The violence in March has dealt a blow to plans by Total and rival Exxon Mobil, which also has an LNG project in Mozambique, to turn the country into a major LNG producer.
Marcellus Shale discoveries reported in Harrison County, West Virginia, Continental Resources Middle Bakken and Three Forks producers at single drill pad plus four Hayneville wells completed in Caddo Parish by Chesapeake Energy top this week’s oil and gas drilling activity highlights from around the world.
Trafigura and Puma Energy said in a joint statement on April 16 that Puma had also agreed to sell its Angolan business and assets to Sonangol for $600 million.
The VAALCO Energy board said it believes newly appointed George Maxwell’s track record of founding, building and selling a successful African energy company will help it achieve its strategy of enhancing its corporate presence in London.
The delay is a potential blow to South Africa as it seeks to reduce its reliance on coal and increase the use of natural gas and renewables.