Oil prices dipped on Wednesday as oversupply and weak demand outweighed uncertainty in Saudi Arabia where King Salman relieved the crown prince as well as several senior ministers and the chief executive of national oil company Saudi Aramco.

Saudi King Salman bin Abdulaziz on Wednesday sacked his younger half-brother as crown prince and appointed his nephew, deputy crown prince Mohammed bin Nayef, as the new heir apparent, state television said.

He also appointed his son, Prince Mohammed bin Salman, as deputy crown prince, and replaced veteran foreign minister Prince Saud al-Faisal with the kingdom's Washington ambassador Adel al-Jubeir as well as appointing several other new ministers.

In another move, Khalid Al-Falih, chief executive of Saudi Aramco, was appointed health minister and switched to become the national oil company's chairman, a position previously held by oil minister Ali al-Naimi.

Internal reshuffles in Saudi Arabia often move oil prices as stability in the world's biggest oil exporting country is key to global supplies.

Traders said they were closely observing who would become Aramco's new CEO and whether oil minister Naimi's position would be affected.

Naimi, who is 79 years old and has been oil minister since 1995, played a crucial role in Saudi Arabia's decision last November not to cut production in support of prices, which have halved since June 2014.

Despite the Saudi uncertainty, Brent crude futures dropped 19 cents from their last settlement to $64.45 a barrel by 0524 GMT. U.S. WTI crude was down 17 cents at $56.89 a barrel.



Algeria: The drop in oil prices that began last year is having a substantial impact on the economies of African producers. Algeria, who relies on its petroleum export revenues heavily is struggling to pay for its subsidies and welfare system. In an effort to alleviate its struggle, if only slightly, the country’s state-run firm Sonatrach is looking for oil service firms to cut their prices in the country. According to industry sources cited in a Reuters report, the Algerian NOC is looking for up to a 15% cut in prices. The firm sent out a letter urging them to cut costs by 10-15%. Another source revealed that these same service firms were not thrilled with the Sonatrach letter. Sonatrach spends $23 billion a year in service costs. It has also called on local firms to start looking at ways they can provide services for Sonatrach. 

Egypt: Beach Energy Ltd. is making progress in efforts to sell its oil and gas holdings in Egypt and seeking to sign a deal in the coming months as the Australian explorer hunts for acquisitions at home. “That process is maturing,” Managing Director Rob Cole said Tuesday in a phone interview, referring to a proposed sale in Egypt. “We’re seeing interest, and I hope to crystallize something in the coming months.” Beach is searching for acquisition opportunities in Australia to take advantage of rising gas demand on the east coast, he said. A merger between Beach and Drillsearch Energy Ltd., another explorer in central Australia’s Cooper Basin, “looks logical,” according to a report this month by RBC Capital Markets.

Egypt: Egypt is preparing Adabiya port in Suez in order to receive the second LNG regasification unit,Daily News Egypt reported Monday. Originally, Sokhna Port was set to receive the unit but would not happen due to security reasons. A senior Egyptian Natural Gas Holding Company (EGAS) official said that a committee, which was set up to look into the issue, said that the Adabiya port can be prepared within a period of three to six months so that it can receive the second gasification ship to import an additional 500m cubic feet of gas daily. According to the official, EGAS is negotiating with a number of foreign companies to supply the regasification unit by the end of this year, Daily News Egypt reported. Earlier this month, Hoegh Gallant floating storage and regasification unit (FSRU) from Norway's Hoegh LNG arrived in Egypt on the Gulf of Suez. In November last year, Hoegh LNG finalised a five year deal with EGAS to supply FSRU by the end of first quarter of 2015.

Libya: Libya’s civil war is starting to force European oil companies to write off assets in North Africa as militias attack oil fields and terminals. Total SA became the first major European group to take an impairment in Libya, writing off $755 million from its onshore assets, the Courbevoie, France-based producer said in its quarterly statement on Tuesday. Eni SpA and Repsol SA, which have much larger operations in the North African nation, have yet to mark down the value of their assets. “The beginning of 2015 has been marked by rising geopolitical tensions,” Total said the statement. “Due to deteriorating security,” the company said it halted production in Libya in February. Eni, which reports first-quarter results this week, has been able to sustain output in Libya. Like the Italian company, Madrid-based Repsol hasn’t written down its assets in the country, although it has suffered from intermittent production outages.

Somalia: Soma Oil & Gas Exploration completed the processing and reprocessing of the acquired 2D seismic data in Somalia acquired by SeaBird Exploration in H1 2014. The seismic program consisted of over 20,500 km lines of 2D across 114,000 sq km of offshore evaluation acreage. Soma will provide the processed data to Somalia’sMinistry of Petroleum & Minerals. The processed seismic data will be placed in the Ministry’s data room in Mogadishu, as well as at a data room in London and a virtual data room. To date, the company has invested approximately $40 million on the exploration program, more than double the required spend under the terms of the Seismic Option Agreement. Soma Oil & Gas will serve the Notice of Completion of the Exploration Program by the start of August. 

Nigeria: Barely few weeks after Seven Energy International Limited, an indigenous Nigerian oil and gas development, production and gas distribution company commenced supply of natural gas to Notore Chemical Industries Plc, a leading fertiliser and agro-allied company in Africa, the company has commenced the supply of gas to the 560 megawatt-capacity Calabar  Power Station built under the National Integrated Power Project (NIPP). The commercial delivery of gas to Calabar NIPP, which will facilitate the addition of 560 megawatts to the national grid, is being executed through Accugas, a wholly-owned subsidiary of Seven Energy. When operating at full capacity, Calabar NIPP will increase national power generation by over 10 percent. According to a statement by the company, gas is being supplied to the power plant from Seven Energy’s Uquo Gas Processing Facility in Akwa Ibom State through the Seven Energy pipeline network. The gas supply will enable the power plant to complete commissioning and start delivering electricity into the national grid. 

Uganda: Uganda abolished taxes on its emerging oil, gas and mining exploration industries to encourage growth, Finance Minister Matia Kasaija said. “We shall only start taxing you when you start production,” Kasaija said at an oil conference Tuesday in the capital, Kampala. The announcement follows talks between the government and the Uganda Chamber of Mines and Petroleum to have companies exempted from value-added and withholding taxes during the investment phase of projects. Elly Karuhanga, the chairman of the chamber, said in February that the tax burden on exploration companies can be as high as 39 percent, increasing costs in a “highly capital-intensive sector.” Uganda is on the cusp of oil production, with companies including London-based Tullow Oil Plc, China National Offshore Oil Corp. and France’s Total SA jointly developing discoveries estimated at 6.5 billion barrels of resources. 

Middle East

GCC: Asian energy firms will play a greater role in exploration in the Gulf in the future after a Japanese firm bagged an important stake in Abu Dhabi concessions on Monday, experts said. Inpex Corporation was awarded a 5 per cent stake in the development of 15 principal onshore oil fields in Abu Dhabi for a period of 40 years starting from January 1, 2015. The value of the deal was expected to be worth $1.1 billion (Dh4.04 billion), according to reports. The company is the first Asian firm to be awarded the prestigious contract. French energy major Total won a 10 per cent stake in January this year, while other companies are yet to be selected by Abu Dhabi government. A number of international oil companies are in the fray including Royal Dutch Shell, British Petroleum, Occidental Petroleum, Stat Oil, Korea National Oil Corporation, China National Petroleum Corporation and ENI. Exxon Mobil, which was part of the old agreement, is not participating in the new bids. Francisco Quintana, head of economic research at Asiya Investments, expects more of these concessions to be allocated to Asian firms in the future at the expense of big American and European producers. 

Iraq: Informed sources said on Tuesday that the Iraqi oil marketing company owned by the state (SOMO) notified its partners that they can begin loading Basra's heavy crude starting from June, thereby changing its decision last week to launch a new crude supplies in May.One of the sources said, referring to information received last night from SOMO "informing us that they will start supplying Basra heavy crude ... Starting from June instead of May". He added that changing the launch date of supply will not affect the quality of Basra Light crude exports in May, because it means that the oil separation process in the oil port in southern Iraq will not occur until June.Iraq - the second largest oil producer in OPEC Organization- seeks to split production from the southern oil fields to Khamin , one heavy and one light to solve quality problems which negatively affect its exports. 

OPEC / Russia: Russia, the world’s biggest energy exporter, will meet with OPEC before the group next gathers in June to discuss whether to adjust production limits, amid prices that are almost half their level of 10 months ago. Talks with the 12-nation group will take place on June 2-3, Energy Minister Alexander Novak said Tuesday in Moscow. The Organization of Petroleum Exporting Countries gathers in Vienna on June 5 with no signs so far that it will alter plans to maintain output amid a surplus. Novak said April 15 that a meeting with OPEC would happen in June, without giving a date. Novak met with Saudi Arabia, Mexico, and Venezuela before OPEC’s last gathering in November. The four nations pledged to monitor oil markets together without agreeing to coordinated supply measures. The ministry will provide an agenda for the meeting in about two weeks time, said Olga Golant, a spokeswoman for Novak. 

Qatar: Qatar's $1bn Jetty Boil-off Gas Recovery (JBOG) Project was officially inauguated today under the patronage of the Prime Minister and Minister of Interior Sheikh Abdullah bin Nasser bin Khalifa al-Thani. The JBOG Recovery Project, which is part of the Common Facilities Projects at Ras Laffan Industrial city, will collect boil-off gas from LNG ships and compress it at a central facility. The compressed gas will then be sent to the LNG producers to be consumed as fuel or converted back into LNG. The project, when fully operational, will recover the equivalent of some 600,000 tonnes of Liquefied Natural Gas (LNG) a year- enough to power more than 300,000 homes, Qatargas, which is also involved in project said in a statement. As much as 750MW of power can be generated from the recovered gas and used to feed Qatar's rising electricity demand, the statement added.

Saudi Arabia: Saudi Arabia’s King Salman named Khalid A. Al-Falih as chairman of Saudi Arabian Oil Co., the world’s biggest crude exporter, replacing Oil Minister Ali Al-Naimi, according to state television. Al-Falih, born in 1959, was also named health minister in a royal court statement published by the official Saudi Press Agency on Wednesday. He had been president and chief executive officer of Aramco. No replacement for that job was announced. “Having Al-Falih as a full cabinet remember now does not preclude him from other ministerial positions including petroleum in the future,” Mohammed al-Ramady, professor of economics at King Fahd University of Petroleum and Minerals in Dhahran, Saudi Arabia, said by phone on Wednesday. Al-Falih said on Jan. 28 that Saudi Arabia won’t “singlehandedly” balance global crude markets even if prices fall. Al-Falih took office as president and chief executive officer of the company on January 1, 2009, according to the company’s website. He spent his entire career at Aramco over a period of three decades.

Rest of the World

Australia: Perth-based Buru Energy disclosed Tuesday that it is about to start one of the biggest exploration programs in the Company’s history, targeting numerous conventional oil prospects in the Canning Basin in Western Australia’s northwest. The wells will range from semi-appraisal wells to highly leveraged exploration prospects. Two rigs have been contracted to ensure the program is able to be carried out in the 2015 dry season, with four wells targeting prospects on the Ungani trend. Buru Energy has taken a revolutionary approach to the drilling program taking advantage of technologies developed for large scale programs on the east coast of Australia and in the U.S. This approach includes controlling the Company’s cost exposure through the use of fixed price contracts which is expected to reduce costs to less than half those of previous drilling campaigns. The drilling campaign will also coincide with the start of commercial oil production at Ungani, where agreements were recently finalized with the three Native Title groups.

Brazil:  Chief Executive Ben van Beurden said oil production from Brazil's offshore subsalt region will remain profitable, and predicted that oil prices will rise from the low levels of the past six months. Van Beurden briefed Brazilian President Dilma Rousseff for an hour and a half on Friday on the company's operations in Brazil, where Shell is set to become the second-largest oil producer following its April 8 agreement to purchase rival BG Group . The acquisition increases Shell's role in Brazil, where it had been the No. 3 producer, giving it a financial stake in giant new offshore fields operated by Brazil's troubled Petrobras. In January, BG's 140,562 barrels a day of oil and gas output (boepd) in Brazil was nearly four times greater than Shell's 49,014 boepd. While Shell will have to take a backseat to Petrobras on operational decisions, it is believed to have the money and technology needed to push Petrobras-led projects forward. Petrobras took a 17 billion charge last Wednesday to account for the costs of a political kickback scandal that forced it to cut investment, and paralyzed its contracts with engineering firms under investigation for bribery. 

Canada: TORC Oil & Gas acquired light oil assets from Surge Energy in the Canadian Bakken region of south-east Saskatchewan and Manitoba for C$430 million (US$354 million) in cash. The assets have production capacity of 4.7 MBOE/d (98% liquids). The acquired assets have an average decline rate of 20%. TORC has identified about 170 net high quality light-oil drilling locations on the acquired assets with total 1P reserves of 12.5 MMBOE with an average crude quality of 33 degree API. The assets include 80 net sections of fee title lands. The transaction is expected to close in Jun-2015. 
China: Production of natural gas in China during the first quarter of 2015 grew by 6.8 percent on year to 35.2 billion cubic meters (bcm), according to data released by National Development and Reform Commission (NDRC), Xinhua Finance reported Tuesday. Imports of natural gas during the same period stood at 16 bcm, up 16.5 percent compared with the same period last year. Imports of LNG dropped 2.9 percent to 6.8 bcm while the imports of pipeline natural gas jumped 36.8 percent to 9.3 billion cubic meters, Xinhua Finance reported citing the data. China’s consumption of natural gas increased 4.8 percent to 50.2 bcm in the first quarter. 

France: Total SA Chief Financial Officer Patrick de La Chevardiere said prospective takeover targets are still too expensive after crude prices collapsed. “All potential targets brought to us by bankers haven’t yet adjusted in terms of prices,” he said in an interview with Bloomberg TV on Tuesday. “They are still expensive companies. Their share prices haven’t adjusted to the new oil price environment.” The executive didn’t name any companies Total may be considering to buy. Royal Dutch Shell Plc’s $70 billion move for BG Group Plc to form the world’s biggest producer of liquefied natural gas, or LNG, could trigger a wave of consolidation deals, analysts including Jean-Luc Romain of CM-CIC Securities have said. Gerard Mestrallet, Chief Executive Officer of the French utility that changed its name to Engie from GDF Suez, expressed a similar view on Monday. Commenting on the the biggest deal in Shell’s history, Total’s de La Chevardiere said that “the price was quite high.” That echoes comments earlier this month from Total CEO Patrick Pouyanne, who said the French company can afford some acquisitions. “It’s a bit early for me,” Pouyanne said then. 

France: Total SA, Europe’s third-biggest oil company, would expand its foothold in Asia’s liquefied natural gas market by acquiring InterOil Corp., according to a report by Bloomberg Intelligence. Total would almost double its 40 percent state in Papua New Guinea’s Elk-Antelope gas fields, which may emerge as the world’s lowest cost exporter to Asia, with a takeover of Singapore-based InterOil, Lu Wang and Philipp Chladek, analysts with BI, said in a note Tuesday. Oil Search Ltd. has a 23 percent stake in the gas field. InterOil hasn’t ruled out a takeover. Oil giants have turned to LNG as easy-to-find crude disappears and prices tumble. Royal Dutch Shell Plc’s $70 billion bid for BG Group Plc is seen as a push for gas dominance and an effort to rebound from its worst production performance in 17 years. Evgeniya Mazalova, a Total spokeswoman, said in an e-mail that the company doesn’t comment on market rumors. Its former senior vice president of Asia-Pacific exploration and production, Jean-Marie Guillermou, said last year the company’s 2014, $401 million purchase of a stake in the project “provides an ideal opportunity to grow our business in the Asia-Pacific region.” 

India: India’s Hazira LNG Ltd will increase the capacity of its LNG terminal on the west coast by 50 percent to 7.5 million tonnes per annum (mtpa) in the financial year 2016-2017 (Apr-Mar), news agency Reuters reported Tuesday citing a government panel report. Hazira is a partnership between Shell Gas B.V and Total Gaz Electricité Holdings France. Shelland Total have a shareholding of 74 percent and 26 percent respectively in each of the companies that comprise the Hazira LNG Terminal and Port project. “The increase in (Hazira LNG) capacity from 5 million to 7.5 million tonnes a year will become available at the end of year 2016/17,” the report said. India’s import and regasification capacity, which currently stands at 25 mtpa, will rise to 41 mtpa in 2016-2017. The report said that new terminals with capacities of up to 27 mtpa were at various stages of planning on both the eastern and western coasts of India, Reuters stated. 

India: Oilex has completed the Cambay-73 oil and gas production facilities in India’s Gujarat state on budget and ahead of schedule. In a statement released Tuesday Oilex said that the facilities are now ready for start-up and awaiting arrival of the low pressure gas pipeline to site. Construction of the pipeline has commenced and it is expected to be at site ready for connection to the production facilities during May 2015 which will enable final commissioning to be completed, the company said. Cambay-73 will supply gas to a low pressure gas market in the vicinity of the Cambay field and is expected to produce approx. 50-60 boepd of gas and condensate. Oilex has also started an assessment of nearby legacy wells which may be capable of being tied into the Cambay-73 facilities should they have surplus capacity. Managing Director of Oilex, Ron Miller, said; “Gas production will lead to increased cashflow from the Cambay Field and is significant step in our 2015 programme.” 

Indonesia: Ophir Energy has completed the acquisition of four deepwater Production Sharing Contracts (PSCs) in Indonesia from Niko Resources, the company announced Tuesday. This follows the announcement of the agreement to acquire interests in a series of Niko's deepwater PSCs in October last year. The PSCs are West Papua IV, Aru, Kofiau and Halmahera-Kofiau, all of which will be operated by Ophir. The PSCs are located in two core areas in Eastern Indonesia - West Papua and the Western Birds Head, both of which are highly prospective basins with exposure to a mix of proven and frontier oil and gas plays, Ophir said. Ophir is also in the process of completing the acquisition from Niko of two additional PSCs - North Makassar Strait and North Ganal. “Ophir will now commission 2D and 3D seismic acquisition programme on these blocks as we look to build our prospect inventory for high grading and then drilling in 2016-2017,” Nick Cooper, CEO, Ophir Energy, commented. 

Kazakhstan: Condor Petroleum Inc. ("Condor" or the "Company") (TSX:CPI) is pleased to announce that the Government of Kazakhstan has approved an extension to the Zharkamys West 1 exploration contract for ten months until December 14, 2016. The Zharkamys exploration contract will be amended in due course. Drilling Update: A drilling contractor has been selected to drill the KN-501 Primary Basin well. The well location will be constructed in May and drilling is expected to commence in June. The KN-501 well offsets the Company's play opening KN-E Primary Basin discovery by 8 kilometers and is located under the same salt dome. The well is planned to reach 4,250 meters and is targeting 67 MMboe unrisked mean prospective resources (internal Company estimate - see Resource Advisory). Working Capital: The Company's current working capital is CA$55 million and the Company has no debt. 

Norway: Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in Norway and the UK, is pleased to announce the spudding of the Bister exploration well 6407/8-7 (Faroe 7.5%). The Bister prospect is located in the Norwegian Sea in Licence PL 348/C, which also contains the producing Hyme field and the 2013 Snilehorn discovery. The licence is located adjacent to the producing Njord field (Faroe 7.5%) with Statoil as the operator of both PL348 and Njord. Well 6407/8-7 will be targeting oil and gas in the Jurassic, Ile, Tilje and Åre formations (analogous to the Hyme oil field and Snilehorn reservoirs). The Bister exploration well, located in approximate water depth of 260 metres, is operated by Statoil (35%) using the Transocean Spitsbergen drilling rig with partners GDF SUEZ E&P Norge AS (20%), E.ON E&P Norge AS (17.5%), Core Energy AS (17.5%) and VNG Norge AS (2.5%). Results from the well will be announced when drilling operations are complete. 

Norway: The Norwegian Petroleum Directorate (NPD) has granted a drilling permit to Wintershall for the 35/12-5 S well in PL378. The well will be drilled about 80km south-west of Florø. The well will be drilled by the Transocean Arctic drilling facility. Ownership of PL378: Wintershall (45%, operator), Capricorn (20%), Explora Petroleum (17.5%) and Talisman Energy (17.5%). 

Norway: The Norwegian Petroleum Directorate (NPD) announced that Wintershall has discovered oil in the 6406/2-8 wildcat in Imsa prospect in PL589, located approximately 20 km south of the Kristin field in the Norwegian Sea and 190 km north-west of Kristiansund. The well encountered two oil columns over an approximately 130m interval in the Båt and Fangst groups in sandstone of generally poor reservoir quality. The objective of the well was to prove petroleum in Lower to Middle Jurassic reservoir rocks (Bat and Fangst groups). Water depth of the well is 262m. The well was drilled by Transocean Arctic to a total vertical depth of 4,655m below sea surface and was terminated in red sandstone layers in the Middle to Upper Triassic. The well will now be permanently plugged and abandoned. Ownership of PL589: Wintershall (40%, operator), RWE (30%) and Repsol (30%). 

Russia: A Rosneft representative refused to comment on the possible creation of a gas offshoot. One of the sources explained that "the idea to spin off company’s businesses has been discussed." State-owned Rosneft plans to spin off its gas business into a subsidiary, Forbes reported citing sources aware of the situation.According to the sources, the new subsidiary will be named Rosneft Gaz. While Rosneft CEO Igor Sechin has not presented the idea for examination yet, the initiative has serious lobby support, a source told Forbes.Rosneft is Russia’s third-largest gas producer, after Gazprom and Novatek. According to its financial data, in 2014 the company produced 56.7 billion cubic meters of gas. Profits surged by 72 percent compared to 2013, to 165 billion rubles ($3.2 billion at the current exchange rate). Rosneft plans to increase gas production to 100 billion cubic meters by 2020, Sechin said. The idea to spin off Rosneft's gas business may be a sign that the company is preparing for the revocation of Gazprom’s monopoly to export gas via pipelines, Mikhail Korchemkin, head of East European Gas Analysis, believes. 

Russia: Vankorneft, a Rosneft’s subsidiary, produced the 100 millionth ton of oil on the Vankor oil and gas condensate field launched in 2009. Advanced engineering solutions across all the stages of drilling, pumping, processing and transportation of Vankor crude contributed to the high output. Vankor has one of the industry-highest oil recovery factors, with the daily output of over 60,000 mt of crude. Oil is being produced via 395 wells across 41 clusters. Crude is processed to reach commercial quality on facilities with unique parameters. 

United Kingdom: Oil major BP said it will gradually sell throughout 2015 more than $1.25 billion of oil it had stored earlier this year to seize on a futures market structure to boost profit. Traders including BP bought and stored oil throughout late 2014 and early 2015 after an oil price collapse as prompt prices dropped below those for further into the future, a market structure known as contango. Traders have been profiting from the contango by storing crude in the hope of reselling it at a profit at a later date or by simply locking gains via paper trading. Chief Financial Officer Brian Gilvary said BP's trading unit had performed much better than in an average quarter, likening the quarter to a strong trading performance in early 2009 when crude prices last crashed. BP bought and stored more than $1.25 billion worth of oil, the equivalent of around 23 million barrels, during the first three months of the year, the company said. BP said it will gradually unwind the stocks as the market structure narrowed. 

Venezuela: A 62 percent increase in Petroleos de Venezuela SA’s 2014 exploration and development spending wasn’t enough to stem a near decade-long slide in crude output. PDVSA, as the state oil company is known, spent $23 billion in 2014 on oil drilling and well development, reservoir recovery and exploration, compared with $14.2 billion in 2013, according to a financial statement posted on the company’s website Sunday. The increase failed to prevent a drop in oil production, excluding natural gas liquids, of 3.8 percent. Venezuela’s oil sector generates an estimated 95 percent of the country’s foreign currency. The collapse of oil prices is making it harder for the country to attract foreign investment to pursue a target of boosting production to 6 million barrels a day by 2019. “This is just a continuing trend of declining production due to underinvestment in the oil fields,” Andy Lipow, president of Lipow Oil Associates LLC in Houston, said by phone. Production declined in the company’s Eastern, Western and Orinoco heavy-oil regions to 2.79 million barrels a day from 2.9 million in the prior year. PDVSA’s oil output has fallen in every year since 2008, according to company data. 
Energy Prices

Crude Oil ($/BBL)
Brent: $ 64.51 +0.50%

WTI: $ 56.93 +1.07%
OPEC Basket: $ 61.06 +0.18
Natural Gas ($/MMBTU)
Henry Hub: $ 2.52 +2.02%

Steel ($/MT)
Steel Billet: $ 305.00
(LME Official – 3 months Buyer)

€ 1 = $ 1.0968 +0.72%
Sponsored Oil & Gas Events

Second Quarter 2015

4th East Africa Oil & Gas Expo 2015 - 27 to 29 April, in Nairobi, Kenya -

12th Africa Independents Forum 2015 - 26 to 27 May, in London, UK -

Oil council's Canada Oil & Gas Assembly - 28 May, in Calgary, Canada 

Madrid LNG & Shipping Forum 2015 - 28 to 29 May, in Madrid, Spain -

Oil council's 
Africa Assembly - 23 June, in Paris, France - 

Third Quarter 2015

Tanzania Oil & Gas Expo 2015 - 27 to 29 August, in Dar-es-Salaam, Tanzania - 

Fourth Quarter 2015

Oil council's West Africa Assembly - 13 to 14 October, in Lagos, Nigeria 

World Oil & Gas Week & Awards of Excellence 2015 - 16 to 18 November, in London, UK - 



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