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LIBYA: Agoco finds oil; MOROCCO: Dana rig for Bouanane drilling; MOZAMBIQUE: Rovuma farm-out; NIGERIA: Chevron launches biggest deep-water field; NIGERIA: CNOOC quits block; TUNISIA: Petrofac starts Chergui production; TUNISIA: PA Resources farm-in

Mozambique | Nigeria | Libya | Morocco | Tunisia
Issue 194 - 25 September 2010

First domestic design contract

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Italy’s Saipem and Canada’s SNC Lavalin have signed the first energy sector contract for which international contractors will carry out the engineering design work inside Libya.

Libya
Issue 160 - 04 April 2009

Angolanisation rises up the agenda

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IOCs and local corporates are getting to grips with a complex new law on Angolanisation, which puts pressure on companies to employ local contractors and staff, in senior roles

Angola
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A decade-old production-sharing agreement (PSA) for three blocks in the Cuvette Centrale Basin has moved a step closer to approval with a new draft submitted to cabinet on 15 January. The PSA was originally signed on 21 December 2007 between the government and the Comico-Cohydro joint venture of Compagnie Minière du Congo and the state-owned Congolaise des Hydrocarbures for the exploration and development of blocks I, II and III of the Cuvette Centrale Basin.

DR Congo
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While talking up its efforts to support the oil and gas industry through the current downturn with a two-year extension to all exploration contracts, the Ministry of Mines and Hydrocarbons has published a new ministerial order that limits to three years the period during which companies can employ expatriate workers. “The order follows years of successful capacity building and training within local companies and local labour in Equatorial Guinea, which has made available a well-trained pool of local talent,” a ministry statement said.

Equatorial Guinea
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Qatar Petroleum has reached a farm-in agreement with Chevron Morocco Exploration giving it a 30% share in three deep-water offshore leases. Under the agreement, which has been approved by the Moroccan government, Chevron will retain a 45% interest and continue as operator. The state Office National des Hydrocarbures et des Mines (Onhym) will continue to have a 25% interest. The three offshore areas are Cap Rhir Deep, Cap Cantin Deep and Cap Walidia Deep, located 100-200km west and north-west of Agadir.

Morocco
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ANGOLA: Pipelines contract for LNG plant; ANGOLA: Technip to expand Angoflex; GHANA/CAMEROON: USTDA study; MADAGASCAR: Enermad farms out to Niko Resources; MOROCCO: Canamens takes Essaouira blocks; NAMIBIA: Key pulls out; SIERRA LEONE: Elixir takes over after Prontinal fails to pay; UGANDA: Tower farms out Area 5; UGANDA: Heritage spuds Giraffe

Ghana | Cameroon | Angola | Namibia | Sierra Leone | Madagascar | Uganda | Morocco
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Tullow Oil has announced that the Zaedyus-2 appraisal well on the Guyane Maritime licence offshore French Guiana did not encounter commercial hydrocarbons.

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The largest and most established private sector Russian presence in Africa is Lukoil, which despite its size has endured similar political pressure to that applied to other players to share control of its domestic hydrocarbons assets with state-owned Rosneft and Gazprom.

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Ghana says it has secured sufficient funds to buy Kosmos Energy’s stake in the Jubilee field for itself, which would enable it to sell the stake on to the bidder of its choice

Ghana
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Energy became an instrument of politics, as well as the motor for Russia’s economic revival, under president turnedPrime MinisterVladimir Putin, as Moscow has sought to secure resources,maintain control over markets and raise its statusin global diplomacy after the post-communist slump. Putin’s favoured instrument Gazprom is positioning itself to have a sayin as many projects as possible that control energy highways into the European Union – including the Nigeria-Niger-AlgeriaTrans-Saharan Gas Pipeline and even Eni’s proposed second Greenstream pipeline from Libya to Italy– and this will continue under President Dmitry Medvedev, who moved from the Gazprom boardroom into the Kremlin.

Issue 321 - 15 April 2016

Ghana: Eni takes new block

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Parliament has ratified the award of the new Cape Three Points Block 4 exploration licence in the Tano Basin to Eni. The new block partially surrounds Eni’s Offshore Cape Three Points (OCTP) Block, where the Sankofa and Gye Nyame gas and oil discoveries are under development, and if a commercial discovery is made, the block will benefit from the OCTP infrastructure. The OCTP project will consist of subsea wells tied back to a floating production, storage and offloading vessel which will be connected to shore via a gas transport line.

Ghana
Issue 257 - 28 June 2013

Ghana: Ophir drilling

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Ophir Energy has spudded the Starfish-1 well in the Offshore Accra Block using the Stena DrillMax drillship. The Starfish-1 well is targeting a Cretaceous stratigraphic structure with similarities to the Jubilee field. The well is being drilled in water depths of 1,500 metres and has a target depth of 3,850 metres. Ophir estimates mean prospective resources of 292m boe with a 20% chance of success for the Starfish prospect. However, broker Investec points out that the well is potentially more significant for partner Rialto Energy than for Ophir, saying that, even though it has only 5.5% in the block after Vitol increases its stake

Ghana
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Dubai-based Milio International has entered into a farm-in agreement with Australia’s FAR to acquire an interest in the onshore part of Lamu Basin Block L6. The acquisition will be Milio’s second in the Kenyan upstream; in 2012, it bought a controlling stake in onshore Block L20 immediately to the west of L6 from Vancouver-based venture capital company Pacific Seaboard Investments. Before the agreement, FAR had 60% in Block L6, with Australia’s Pancontinental Oil & Gas holding 16% and Pancontinental subsidiary Afrex holding 24%.

Kenya
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Kosmos has raised its reserves estimate for the Greater Tortue Complex to more than 20tcf from 17tcf following the successful Ahmeyim-2 appraisal well. The rig will now move to drill the oil-focused Teranga-1 exploration well in the Cayar Offshore Profond Block in Senegalese waters. Ahmeyim-2 was drilled to a total depth of 5,200 metres offshore Mauritania and penetrated the gas-water contacts in the Lower Cenomanian and Albian, defining the field limit and extending the productive field area from approximately 50km2 to 90km2.

Mauritania | Senegal