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Technip awarded two contracts for the Jubilee project in Ghana
Monday, February 6, 2012 |
Technip was awarded by Tullow Ghana Limited two contracts, worth approximately €100 million, for the Phase 1A of the Jubilee project. The Jubilee field is located offshore Ghana at a water depth of 1,300 meters.
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Afren and Eni spud Nunya-1X well in Keta Block, offshore Ghana
Monday, February 6, 2012 |
Afren has announced that operator Eni Ghana has commenced drilling of the Nunya-1X exploration well on the Keta Block, located offshore Ghana.
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Gulf Keystone Cleared for Algeria Stake Sale
Sunday, February 5, 2012 |
Gulf Keystone announced that all required documentation has been executed and all necessary Government approvals obtained pursuant to the agreement between the Company and BG Group, the Operator, providing for the transfer of the Company's right, title and interest for no consideration in the Hassi Ba Hamou (HBH) Permit to the Operator and Sonatrach.
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Tullow 'Could Double Production' in 5 Years after Ugandan Deal
Sunday, February 5, 2012 |
The news that the Ugandan government has finally awarded the U.K. oil firm three production licenses brings "extra flexibility" to its balance sheet
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Militants claim attack on Nigeria Eni oil pipeline
Sunday, February 5, 2012 |
A Nigerian militant group based in the oil-producing Niger Delta said on Sunday it had attacked an oil pipeline owned by Italian firm Eni where witnesses said there was a fire late on Saturday.
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South Sudan shuts output
Tuesday, January 31, 2012 |
South Sudan has totally shut down oil output in a row with Sudan over export transit fees and will only restart after the two reach a deal covering border security and the disputed Abyei region.
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Sudan says to release ships seized from S.Sudan
Saturday, January 28, 2012 |
Sudan said on Saturday it would free tankers carrying cargoes of South Sudanese crude it had seized earlier this month, in a push to defuse a row over transit fees between former civil war foes that both depend on oil for almost all their income.
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S. Sudan oil shutdown continues after talks fail
Saturday, January 28, 2012 |
The presidents of Sudan and South Sudan failed Friday to resolve an oil dispute that has led to the shutdown of the South's crude output and threatened both countries' economies.
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Aminex provides update on Ntorya-1 well onshore Tanzania
Friday, January 27, 2012 |
Aminex has announced a further update on drilling of the Ntorya-1 exploration well in the Ruvuma Basin onshore in Tanzania. The well was spudded on the 22 December 2011 and has been drilled to 1,535 metres where an intermediate casing string has been set.
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Libyan oil output hits 1.3 million bpd: NOC
Friday, January 27, 2012 |
Oil production in Libya has reached 1.3 million barrels per day, the state-owned National Oil Corporation said Thursday, as the North African nation eyes a return to its output before Moamer Kadhafi's ouster.
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Sudan and South Sudan leaders bid to defuse oil dispute
Friday, January 27, 2012 |
The presidents of Sudan and South Sudan are meeting in the Ethiopian capital Addis Ababa to discuss a deepening crisis over sharing their oil wealth
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Libya production increases to 1.3 million barrels per day
Thursday, January 26, 2012 |
Oil production in the country has now resumed following the eight-month war.
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San Leon Energy completes Morocco 2D seismic campaign
Tuesday, January 24, 2012 |
San Leon Energy has completed the acquisition of more than 2,280 km of 2D seismic across its Tarfaya and Zag Licences onshore Morocco. The data was acquired by San Leon Energy's wholly owned subsidiary, NovaSeis.
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S.Sudan says Sudan seized oil worth $815 million
Monday, January 23, 2012 |
South Sudan President Salva Kiir accused Sudan on Monday of seizing $815 million worth of its crude oil in a row over how to share oil revenues between the former civil war foes.
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China urges "restraint" in Sudan oil transit dispute
Saturday, January 21, 2012 |
China, the biggest investor in oilfields in the new nation of South Sudan, called for "calm and restraint" as a transit fee dispute threatened to cut off crude exports from the African producer.
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South Sudan to build crude pipe thru E Africa
Saturday, January 21, 2012 |
South Sudan is planning to construct an oil refinery and a crude oil export pipeline through East Africa with the help of international oil companies operating in its fields, China's state-run Xinhua news agency reported on Saturday.
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ENI Libya oil output 'close to pre-war level'
Saturday, January 21, 2012 |
Output by Italian oil giant ENI, the top producer of Libyan crude, has nearly reached its levels prior to the war last year that ousted Moamer Kadhafi, its chief Paolo Scaroni said Saturday.
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South Sudan 'to shut oil production'
Saturday, January 21, 2012 |
South Sudan has accused neighbouring Sudan of ''looting'' its oil and has threatened to begin shutting-in production over the next fortnight as the pair continues to row over oil payments, a report claims.
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KNOC's Dana Petroleum Looks to Expand in West Africa to Double Oil Output
Thursday, January 19, 2012 |
Dana Petroleum Plc, the U.K. explorer acquired by Korea National Oil Corp (KNOCP). in 2010, plans to expand in west Africa as it seeks to double production over the next five years.
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Anadarko Announces Another Major Appraisal Success Offshore Mozambique
Tuesday, January 17, 2012 |
Anadarko Petroleum Corporation today announced its seventh well in the discovery area offshore Mozambique successfully appraised previous discoveries at Lagosta and Camarao. The Lagosta-2 appraisal well, located about 4.4 miles (7 kilometers) north of the Lagosta discovery and 5.3 miles (8.5 kilometers) south of the Camarao well, encountered 777 total net feet (237 meters) of natural gas pay in multiple zones.
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Afren announces a new oil discovery offshore south east Nigeria
Tuesday, January 17, 2012 |
Afren plc announces that the Okoro East exploration well, offshore south east Nigeria, has made a new oil discovery having encountered 549 ft true vertical thickness (TVT) of net oil pay and 41 ft of net gas pay in excellent quality reservoir sands.
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Chevron Confirms Fire Incident on Rig Offshore Nigeria
Tuesday, January 17, 2012 |
Chevron Corporation reports that its subsidiary, Chevron Nigeria Limited, is working to contain a fire that ignited early this morning aboard the K.S. Endeavor, a drilling rig offshore Nigeria operated by FODE Drilling Nigeria Limited.
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North confiscates South Sudan oil
Monday, January 16, 2012 |
Sudan said it has started confiscating some oil exports from South Sudan it believes it is owed to meet unpaid transit fees but will not shut down a pipeline carrying the southern state's oil.
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Nigeria protests suspended after fuel price cut
Monday, January 16, 2012 |
Nigerian President Goodluck Jonathan said on Monday petrol prices would be reduced to 97 naira ($0.60) a litre and labour unions agreed to suspend mass protests to allow further negotiations with the government.
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Petronas to continue in South Sudan
Monday, January 16, 2012 |
Malaysia's state-run oil company Petronas has signed a transition agreement with the government of the Republic of South Sudan to allow it to continue operations on blocks previously awarded by the Republic of Sudan.
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Nigerian strike talks fail to reach fuel price deal
Sunday, January 15, 2012 |
Nigerian President Goodluck Jonathan and labor unions failed to reach a compromise over government-subsidized fuel prices, but the unions said oil workers would not shut down crude output while the two sides kept talking.
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Nigerian unions to meet president over fuel strike
Saturday, January 14, 2012 |
Nigerian unions were to meet President Goodluck Jonathan on Saturday to try to defuse a row over the removal of fuel subsidies that has paralysed the economy and raised fears of a shutdown of its oil industry.
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South Sudan Signs First Oil Deals Since Independence
Saturday, January 14, 2012 |
South Sudan signed its first oil deals with foreign nations since it won independence last July, inking agreements with Chinese, Indian and Malaysian firms, officials said.
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OMV Touts 60% Pre-War Level Production in Libya
Friday, January 13, 2012 |
Austrian energy giant OMV said Thursday its oil production in Libya now stands at 60% of the pre-war level, up from 30% in November.
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Nigerian Union Threatens to Stop Oil Production Sunday
Friday, January 13, 2012 |
A major Nigeria oil workers' union Thursday threatened to halt production from Sunday if the government doesn't reinstate fuel subsidies, heightening the potential for a disruption of oil shipments from Africa's largest oil exporter.
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Circle Oil completes Morocco pipeline
Tuesday, January 10, 2012 |
AIM-listed Circle Oil has announced it has completed a pipeline in Morocco to deliver gas it discovered in the past four years in the Rharb Basin to local industry.
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Nigerian Workers Start Strike That May Disrupt Oil Exports
Monday, January 9, 2012 |
Nigerian workers began a national strike after fuel costs more than doubled, threatening to shut ports and disrupt output from Royal Dutch Shell Plc and Chevron Corp. in Africa’s largest crude producer.
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Court Ruling Seeks to Bar National Strike in Nigeria
Monday, January 9, 2012 |
A Nigerian court on Friday issued an order seeking to block nationwide indefinite strikes planned by the labor unions against soaring petrol prices.
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Libya to Revisit Oil Contracts
Monday, January 9, 2012 |
Some of Libya's oil contracts will be reviewed by the country's new government, former interim prime minister Ali Tarhouni said, putting scores of foreign firms on notice.
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Libya's al-Sedr oil port resumes operations
Wednesday, January 4, 2012 |
Libya's al-Sedr oil port has resumed operations and will see the first oil shipment sail on Tuesday or earlier, an official from Waha Oil Co said, months after the terminal stopped running during a civil war that ended Muammar Gaddafi's rule.
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South Sudan President Accuses Khartoum of Stealing Its Oil
Wednesday, January 4, 2012 |
The president of South Sudan Salva Kiir accused the Sudanese government of stealing his country's oil in a new sign of escalation between the two ex-foes.
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South Sudan: Unity State Oil Field Catches Fire
Tuesday, January 3, 2012 |
Bentiu- Part of an oil field in South Sudan's oil-rich Unity State caught fire on Wednesday causing a decline in production, according to local officials.
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Nigeria: No More Petrol Subsidy From Today - PPPRA
Tuesday, January 3, 2012 |
The Petroleum Products Pricing Regulatory Agency (PPPRA) announced the full withdrawal of subsidies from Petrol (Premium Motor Spirit).
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Eni eyes full Libyan output by June
Monday, January 2, 2012 |
The chief executive of Italian giant Eni said the company expected to return to full capacity in Libya by June of next year.
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Eni CEO sees $50 billion Mozambique gas investment
Monday, November 14, 2011 |
Italian oil and gas company Eni will invest $50 billion developing its huge Mozambique natural gas discovery with a view to exporting the gas to Asian markets, its Chief Executive Paolo Scaroni said in an interview Friday after a visit to East Africa.
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Huge gas find by Eni off Mozambique
Thursday, November 10, 2011 |
Eni has announced a ''giant natural gas discovery'' offshore Mozambique at the Mamba South 1 prospect in Offshore Area 4. The discovery well found 212 m (695 ft) of continuous gas play in Oligocene sands.
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Eni announces a giant gas discovery offshore Mozambique
Sunday, October 23, 2011 |
Eni announces a giant natural gas discovery at the Mamba South 1 prospect, in the Area 4 Offshore Mozambique. The discovery well encountered a total of 212 meters of continuous gas pay in high-quality Oligocene sands.
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Wintershall Restarts Production at Libyan Desert
Wednesday, October 19, 2011 |
Wintershall has now restarted oil production in the Libyan Desert again in concessions 96 and 97. The company had suspended and sealed off production operations in the eight onshore oil fields around 1,000 kilometers south-east of Tripoli in February 2011 in view of the political situation and for security reasons.
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Sahara and Hess bidding for offshore Ghana blocks
Thursday, October 13, 2011 |
Nigerian company Sahara Energy Fields and US inedendent Hess are reported to be seeking exploration and production rights over blocks offshore West Keta and East Cape Three Points.
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Heritage Oil gains access to Libyan oil industry with acquisition of controlling interest in Sahara Oil Services Holdings
Monday, October 10, 2011 |
Heritage Oil has acquired a controlling 51% interest in Sahara Oil Services Holdings (SOSH) which holds the necessary long term permits and licences to provide oil field services in Libya, for cash consideration of US$19.5 million.
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Kenya to tender for LNG terminal
Monday, October 10, 2011 |
Kenya plans to float a tender by early next year to build a liquefied natural gas terminal at its Mombasa port city as it pushes to diversify its sources of electricity to meet rising demand, a senior energy official said.
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Brent oil down as rebels capture most of Tripoli
Tuesday, August 23, 2011 |
Brent crude fell to near $106 a barrel Monday as Libyan rebels captured most of the country's capital, boosting hopes the OPEC nation's oil exports could resume soon.
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Total wins Tanzania oil and gas exploration bid
Tuesday, August 16, 2011 |
Tanzania has awarded oil and gas exploration rights for the northern side of Lake Tanganyika to a subsidiary of French energy company Total SA, its state-run petroleum agency said.
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Eni makes a new hydrocarbon discovery offshore Ghana
Tuesday, August 2, 2011 |
Eni has made a new hydrocarbon discovery offshore Ghana through the Gye Nyame 1 well, which is located in the OCTP block 50 km off the Ghanaian shoreline.
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South Sudan to link to Kenya oil pipeline
Thursday, July 7, 2011 |
South Sudan plans to build a link to a pipeline in Kenya to export its oil after breaking away from the north, a minister said on Wednesday.
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Tullow Oil, Partners to Start Kudu Gas Development Off Namibia
Wednesday, July 6, 2011 |
Tullow Oil Plc (TLW) and its Russian and Japanese partners expect to agree on natural-gas sales from Namibia's Kudu field this year, allowing project development to start in 2012.
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BP restarting production at its Plutonio field offshore Angola
Monday, July 4, 2011 |
Production at BP's Plutonio field offshore Angola is ramping back up after several months of maintenance work, a company spokesman told Dow Jones Newswires Friday. 'Greater Plutonio has been coming back online since last week...it's coming back up to normal levels,' the spokesman said.
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Chariot Announce Potential of 16.1 Bbbls in Offshore Namibia
Sunday, July 3, 2011 |
Chariot Oil & Gas Limited is pleased to announce the results from its latest independent Competent Person's Report from Netherland Sewell & Associates Inc. which reports gross P50 unrisked prospective resource volumes of 14.4 billion barrels with gross mean unrisked prospective resource potential of 16.1 Bbbls.
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Harvest Natural Resources discovers oil in the pre-salt of the Dussafu Marin PSC offshore Gabon
Tuesday, June 14, 2011 |
Harvest Natural Resources has encountered oil in the wildcat well Dussafu Ruche Marin-1 (DRM-1) drilled in the Dussafu Marin PSC, in the offshore waters of Gabon, West Africa.
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Sudan to offer more opportunities to Petronas
Sunday, June 12, 2011 |
Petronas will be offered more business opportunities when the Sudanese government opens its doors for exploration of more oil blocks on the basis of strategic partnerships.
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Eni and PetroSA sign Memorandum of Understanding for co-operation in South Africa and abroad
Monday, June 6, 2011 |
Eni signed with South Africa's State-owned oil company PetroSA (Petroleum Oil and Gas Corporation of South Africa) a Memorandum of Understanding establishing mutual co-operation between the companies in the country and abroad.
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Circle Commences Surveying Work at Moroccan Permits
Sunday, June 5, 2011 |
Circle announced the commencement of surveying work and mobilization for the new seismic acquisition campaign within our permits in the Rharb Basin, Morocco
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Gaddafi government will send representative to OPEC
Thursday, June 2, 2011 |
The government of Libyan leader Muammar Gaddafi will send a representative to next week's OPEC meeting despite the defection of top energy official Shokri Ghanem, although it is not yet ready to announce the name, government spokesman Moussa Ibrahim said.
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ExxonMobil in dispute with Nigeria over oil licence renewal
Thursday, May 19, 2011 |
Nigeria's state oil company said on Monday that ExxonMobil has until Thursday to express its interest in three large oil-drilling licences that the U.S. energy firm says it has already been granted.
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Kenya: BG Group signs Production Sharing Contracts for offshore Blocks L10A and L10B
Thursday, May 19, 2011 |
BG Group has signed Production Sharing Contracts with the Government of Kenya for two offshore exploration blocks - L10A and L10B. BG Group will be operator on both blocks and will hold a 40% equity interest in Block L10A and a 45% interest in Block L10B. The initial work programme consists of a commitment to acquire seismic data during an initial exploration period of two years.
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Chariot Oil & Gas Announces Increase in Namibia Resources
Monday, May 16, 2011 |
Chariot Oil & Gas Limited, the AIM listed Africa focused oil and gas exploration company, announces an increase of a further 1.5 billion barrels in its estimate of gross mean unrisked prospective resources from its Southern licence 2714A offshore Namibia.
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Total makes third oil discovery in deep waters offshore Angola
Monday, May 9, 2011 |
Total announces that its subsidiary, TEPA (Block 17/06) Limited, and Sociedade Nacional de Combustíveis de Angola (Sonangol E.P.), have discovered hydrocarbons in the northeastern area of the deep offshore block 17/06.
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Libya: Eni and Gazprom agree to put Elephant project on hold
Thursday, April 21, 2011 |
Gazprom CEO Alexey Miller and Eni CEO Paolo Scaroni met Wednesday in Moscow at the headquarters of the Russian company. The parties discussed the issues of bilateral cooperation in the energy sector within their Strategic Partnership Agreement.
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Libyan rebels to sell oil to Qatar
Monday, March 28, 2011 |
A senior Libyan rebel official said Qatar had agreed to market crude produced from east Libyan fields that are no longer in the control of Muammar Gaddafi.
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Statoil defies Libya call to return
Tuesday, March 22, 2011 |
Statoil said it has no immediate plans to send workers to restart oil production in Libya, defying weekend calls by the Libyan oil head for foreign companies to return staff and resume drilling.
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Libya to push up oil
Monday, March 21, 2011 |
Investors already bruised by the Japan disaster now confront military air strikes on Libya and the prospect of rising oil prices, making it likely they will postpone any bold investment decisions.
Until a clearer picture emerges, they will want to steer clear of riskier assets as they recalibrate positions.
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Gaddafi blasts Western oil players
Wednesday, March 16, 2011 |
Libyan leader Muammar Gaddafi slammed Western powers in a German television interview, saying Germany was the only country with a chance of doing business with Libyan oil in the future.
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Libya seeks Italy's help with Ras Lanouf fire
Tuesday, March 15, 2011 |
Libya's de facto oil minister says he has asked Italian oil giant Eni SpA for help in putting out a fire at an eastern oil facility that was the scene of fierce fighting between rebels and government loyalists.
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Sidi Dhaher-1 spud delayed
Tuesday, March 15, 2011 |
Australia-listed ADX Energy said it delayed the mobilization of the rig which was scheduled to spud the Sidi Dhaher-1 well within the Chorbane exploration permit in Tunisia.
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Australia calls for halt on Libya imports
Tuesday, March 15, 2011 |
The Australian government has called on the country's refiners to avoid buying oil that could fund Libyan leader Muammar Gaddafi's regime.
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Libya forces 'bomb oil depot'
Thursday, March 10, 2011 |
Forces loyal to Libyan leader Muammar Gaddafi hit storage tanks at the oil terminal of Es Sider in the east of the country during a heavy bombardment of rebels in the area, rebel fighters said.
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Algeria looks to tap vast gas reserves
Thursday, March 10, 2011 |
Algeria is sitting on vast reserves of natural gas and is actively looking for partners to begin production by next year, said the country's oil minister.
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BP backs off from Algeria asset sales
Wednesday, March 9, 2011 |
BP has backed off from plans to sell assets in Algeria, the country's energy minister said, a blow to potential Russian buyer TNK-BP Ltd. but a vote of confidence for the nation amid unrest in other parts of North Africa.
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Libya oil facilities 'intact'
Wednesday, March 2, 2011 |
The head of Libya's state oil company said today that all oil installations in the restive North African country are undamaged.
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ADX gets Dougga boost
Wednesday, March 2, 2011 |
Australia's ADX Energy said it was encouraged by the results of an independent report of its Dougga gas condensate discovery on the Kerkouane permit, offshore Tunisia.
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Petroceltic finds Algerian gas
Wednesday, March 2, 2011 |
London-listed Petroceltic International has found gas at well AT-4 on its Isarene Permit in Algeria, despite producing lower than expected gas flows.
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EU: Gadhafi no longer controls most oil fields
Tuesday, March 1, 2011 |
Moammar Gadhafi's regime appears to have lost control of most of Libya's oil and gas fields to opposition forces, the European Union's energy commissioner said, dismissing the idea of imposing a blockade.
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Chinese trio pull out Libya staff
Tuesday, March 1, 2011 |
China's three major state-owned oil and gas companies have evacuated all their Chinese employees out of Libya, the companies said.
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All international staff members of RWE Dea flown out of Libya
Sunday, February 27, 2011 |
Owing to the current situation in Libya, all international staff members of RWE Dea AG have been flown out of Egypt. This also applies to the members of the core team that had recently remained in Tripoli. In doing so, the Company responded to the current situation prevailing in the country in the interests of the safety of its workforce.
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Tanzania approves Aminex farm-in
Thursday, February 24, 2011 |
London-based Aminex can increase its interest in a production sharing agreement offshore Tanzania to 65% after receiving government approval for a farm-in arrangement with Australia's Key Petroleum.
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ADX prepares slowly for Sidi Dhaher
Thursday, February 24, 2011 |
Australia-listed ADX Energy is moving slowly with preparations for its Sidi Dhaher well, 350 kilometers west of the Tunisian border with Libya.
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CNPC evacuates Libya employees
Thursday, February 24, 2011 |
China National Petroleum Corporation (CNPC) has evacuated 47 of its 391 Chinese employees in Libya because of political turmoil, according to a company newspaper.
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Tullow closes in on Uganda deal
Wednesday, February 23, 2011 |
"We're very close to signing off an agreement with the government of Uganda," Reuters quoted Tullow's exploration director Angus McCoss told an industry conference.
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Nigeria deep-water 'under-developed'
Wednesday, February 23, 2011 |
Nigeria's deep-water oil fields, currently pumping about 600,000 barrels per day, remain ''under-developed'' and will only reach full potential in the right investment climate, Shell said.
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BG targets Kenya blocks
Wednesday, February 23, 2011 |
A BG Group-led consortium is in exclusive talks for the award of production sharing contracts on two blocks off Kenya, according to partner Pancontinental Oil & Gas.
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OMV provides update on Libya operations
Wednesday, February 23, 2011 |
Due to the current political unrest in Libya, OMV expects a temporary reduction of its Libyan production and can not exclude a complete stop.
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Unrest hits Libyan output
Wednesday, February 23, 2011 |
Unrest in Libya caused several oil-industry companies to say they were halting output in Africa's third-largest producing country.
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BP halts Libya drilling
Monday, February 21, 2011 |
BP said it is suspending preparations to drill in the Libyan desert as its contractors pull out over unrest, while other operators intend to evacuate expatriate staff from the North African country.
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Kenya: Apache farms into Origin Energy's Block L8 PSC in the Lamu Basin offshore Kenya
Sunday, February 20, 2011 |
Origin Energy has reached agreement with a subsidiary of US independent Apache Corp to divest a 50% undivided interest in a Production Sharing Contract (PSC) for petroleum exploration and production, pertaining to Block L8 located in the Lamu Basin, offshore Republic of Kenya.
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Libya: BP to drill offshore Libya by end-June
Sunday, February 20, 2011 |
BP, recovering from last year's Gulf of Mexico oil spill, plans to begin offshore exploration drilling in Libya by the end of June, later than previously expected. Spokesman Robert Wine said on Thursday that BP expected to drill offshore in Libya in the first half of this year and that work on an onshore well would begin sooner. The company had previously planned to begin offshore drilling in 2010.
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OMV closes acquisition of Pioneer's subsidiaries in Tunisia
Sunday, February 20, 2011 |
OMV, the leading energy Group in the European growth belt, through its fully owned subsidiary OMV (Tunesien) Production GmbH, completed the acquisition of 100% of the entire issued share capital of Pioneer Natural Resources Tunisia Ltd. and Pioneer Natural Resources Anaguid Ltd. (together "Pioneer Tunisia") from Pioneer Natural Resources, an independent US oil and gas company. The transaction was aligned with the Tunisian government.
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Sonde Resources Wraps Up Ops Offshore Tunisia
Wednesday, January 12, 2011 |
Sonde Resources has completed drilling and production testing of its inaugural well on the 7th of November Block, offshore Tunisia / Libya, the Zarat North-1 appraisal well, in which Sonde owns a 100% working interest.
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South Sudan Votes in Referendum to Declare Oil-Rich Region's Independence
Monday, January 10, 2011 |
Southern Sudanese voters turned out for the second day of balloting in a referendum on independence that appeared set to establish the oil-rich region as the world’s newest nation.
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Dana Petroleum and Tullow Oil announce successful Cormoran-1 well offshore Mauritania
Monday, January 10, 2011 |
Dana Petroleum, a wholly owned subsidiary of the Korean National Oil Corporation (KNOC), advises that the Cormoran-1 exploration well has been drilled to a total depth of 4,695 metres below sea level and has been plugged and abandoned as a gas discovery.
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Nigeria: Shell sees strong interest in sale of Nigerian oil blocks
Monday, January 10, 2011 |
The Sunday Times newspaper has reported that at least 18 consortia are working on bids for four onshore oil fields in the Niger Delta being sold by Shell Petroleum Development and Production Company (SPDC) and its partners Total and Eni.
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Ghana: Tullow's Tweneboa-3 appraisal well confirms Greater Tweneboa Area resource potential
Monday, January 10, 2011 |
Tullow Oil has announced that the Tweneboa-3 appraisal well in the Deepwater Tano licence offshore Ghana has successfully encountered gas condensate in excellent quality sandstone reservoirs.
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Sudan to cancel all subsidies
Sunday, January 9, 2011 |
Sudan aims to remove gradually all subsidies from sugar and petroleum products to increase government revenue as foreign exchange shortages hit the economy, the finance minister said on last week.
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RWE Dea prepares for field development in Libya
Thursday, January 6, 2011 |
RWE Dea North Africa and Middle East Branch and the Libyan National Oil Corporation (NOC) have signed an ''Exploration and Production Sharing Agreement IV'' (EPSA IV) covering Blocks NC 193 and NC 195 in the Sirte Basin.
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Pioneer sells Tunisia subsidiaries to OMV
Thursday, January 6, 2011 |
A wholly owned subsidiary of OMV AG is negotiating the purchase of Pioneer's Tunisia subsidiaries for cash proceeds of $866 million, subject to normal closing adjustments.
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Aker Solutions awarded Angola FPSO installation contract
Wednesday, January 5, 2011 |
MODEC Offshore Production Systems (Singapore) Pte Ltd. has awarded Aker Solutions' wholly owned subsidiary Aker Marine Contractors a mooring installation contract for hook-up of the Bourgogne FPSO offshore Angola.
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TPAO announces Oil Discovery in Murzuq Basin
Monday, December 27, 2010 |
TPAO reported a new oil discovery in the Murzuq Basin (Fizan Desert), Libya.
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Africa Oil signs Ethiopia block study agreement
Monday, December 27, 2010 |
Africa Oil Corp. signed a definitive agreement with the Government of Ethiopia to jointly study the Rift Valley Block.
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BG Group hits second Tanzanian gas discovery
Monday, December 27, 2010 |
BG Group announced that its second Tanzanian exploration well, Chewa-1, has also discovered gas. The well, located in Block 4 approximately 80 kilometers offshore southern Tanzania in a water depth of around 1 300 meters, is some eight kilometres north-west of BG Group's Pweza-1 gas discovery announced in last October.
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Kosmos resolves ''issues'' with Ghana
Monday, December 27, 2010 |
Texas-based Kosmos Energy said it signed an agreement with the government of Ghana and Ghana National Petroleum Company (GNPC) to ''amicably resolve'' several issues between them.
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BP to delay Libya offshore drilling
Monday, December 27, 2010 |
BP PLC said it would delay its plans to drill offshore Libya, citing a decision not to use its original drill rig for ''operational reasons.''
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Circle Oil Hits Gas Pay in Sebou Permit
Tuesday, November 2, 2010 |
Circle Oil announced that the CGD-11 exploration well has been drilled, logged and successfully tested in the Sebou Permit, Morocco.
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Oil discovery offshore Angola
Sunday, October 24, 2010 |
The Mpungi-1 well is the seventh discovery in Block 15/06. It completes the minimum work commitment for this area 18 months in advance of the contractual deadline.
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Aker Solutions partners with Matasis Investment Holdings in South Africa to form a strategic new company
Sunday, October 24, 2010 |
Aker Solutions in South Africa and the South African investment company Matasis Investment Holdings have formed a new incorporated company: Aker Solutions Matasis, based in Bryanston, Johannesburg.
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Libya to allow BP's deepwater drilling
Tuesday, June 29, 2010 |
Libya will allow BP to begin drilling in its offshore deepwater region next month, despite the massive Gulf of Mexico oil spill, the head of Libya's National Oil Co. said Sunday. Shokri Ghanem, who serves as Libya's de facto oil minister, said the April explosion of the Deepwater Horizon rig, and the subsequent spill, were 'tragic,' but the oil industry is also moving into 'new frontiers.'
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Libya wary over BP's Mediterranean drilling
Wednesday, June 16, 2010 |
Libya wants assurances from BP after its handling of the Gulf of Mexico oil spill but will allow it to start deep-water drilling in the Mediterranean, the country's top oil official said
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AuDax primes Lambouka bit
Wednesday, May 12, 2010 |
AuDax Resources, the Australian listed explorer, announced that it was appointed to start drilling a well in the Lambouka prospect, off Tunisia, after conducting 3D seismic survey.
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Nigeria: Shell can't meet oil production target
Sunday, May 9, 2010 |
Royal Dutch Shell PLC announced last Friday that it would not be able to fulfill some of its oil production contracts after a fire on one of its major pipelines in Nigeria that the company has blamed on thieves.
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Kasamene and Wahrindi North exploratory appraisal results
Tuesday, April 13, 2010 |
Tullow Oil plc announced that the Kasamene-3 and Kasamene-3A wells in the Butiaba region of Uganda Block 2 have successfully delineated the extent of oil in the Kasamene field and discovered oil in the Wahrindi North fault block.
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Gazprom agrees to take stake in Eni's project
Tuesday, April 13, 2010 |
Russia's Gazprom has agreed with Italy's Eni on conditions to take a stake in the Elephant oil project in Libya, RIA Novosti reported.
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Sonatrach cheers double strike
Monday, April 12, 2010 |
Algerian state energy group Sonatrach unveiled two more oil and gas finds, bringing to five the number of hydrocarbon discoveries made by the company this year.
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Lion Energy provides operations update in East Africa
Thursday, April 8, 2010 |
Lion Energy Corp. provided an update regarding its ongoing exploration activities in East Africa, Kenya, Somalia (Puntland).
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Angola: Two new oil discoveries
Wednesday, April 7, 2010 |
Total announced that its subsidiary, TEPA (Block 15/06), Limited, and its partners have made two important oil discoveries in Angola at the Nzanza-1 and Cinguvu-1 wells, in the deep waters of the Angolan offshore.
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Statoil and ExxonMobil join forces in Tanzania
Thursday, April 1, 2010 |
Statoil has signed an agreement with an affiliate of ExxonMobil to transfer 35% of its interest in Statoil operated Block 2 in Tanzania. Statoil now holds 65% interest in the 11,099 square kilometers block.
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Tap Oil to explore Ghana exploration block
Tuesday, March 30, 2010 |
Tap Oil announced that it has entered into a Petroleum Agreement to secure a 36% interest and Operatorship of the Offshore Accra Contract Area, off the coast of Ghana, Africa.
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RWE: Seismic campaign in Area 58 completed
Sunday, March 28, 2010 |
RWE Dea AG has completed its seismic campaign in the Concession Area 58 on the Cyrenaica Plateau in Libya. The seismic survey had started in July last year.
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KNOC keen on Jubilee slice
Sunday, March 21, 2010 |
The South Korea's national oil company (KNOC) is eyeing Ghana's giant Jubilee oil field, according to the Korean firm and Ghana's state oil agency.
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Africa Oil Corp.: Lion Energy Farmout Receives Exchange Approval
Tuesday, March 16, 2010 |
Africa Oil Corp. reports that the TSX Venture Exchange has accepted for filing documentation pertaining to the August 19, 2009 farmout agreement between Lion Energy Corp. ("Lion Energy") and Africa Oil.
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Gabon offering 42 offshore oil blocks for exploration
Monday, March 15, 2010 |
The government of Gabon said that it's offering 42 additional offshore deepwater and ultra deepwater oil blocks for exploration.
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Performance improvement project helps realise 16% increase in rig's productive time
Sunday, March 14, 2010 |
Aberdeen-based performance improvement business Exceed has worked closely with the team on a Transocean-owned rig to achieve significant operational benefits.
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Petroceltic seeks Algerian extension
Thursday, March 4, 2010 |
Petroceltic, Irish exploration firm, announced that it will have more operating projects in Algeria, Italy and Tunisia in 2010.
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