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Operator Addax Petroleum Corporation has signed an agreement with Transocean for the use of the Deepwater Pathfinder drillship to drill the Kina prospect on Block 4 in the Joint Development Zone.
Concerns that National Oil Corporation (NOC) may exercise its right of first refusal have clouded the sale of Canada’s Verenex Energy to China National Petroleum Corporation’s international arm (AE 158/5).
Central African Mining and Exploration Company (Camec), owned by former England
Petroleum Agency SA formally launched its fourth offshore licensing round on 15 March offering two previously unexplored areas (AE 157/17).
Total Upstream Nigeria Limited (TUPNI) has started production ahead of schedule from its Akpo deep-water gas and condensate development on OML 130.
Despite the turmoil in global capital markets, Tullow Oil seems to have had no trouble persuading banks to refinance its debt to fund major developments in Ghana and Uganda, writes Kevin Godier.
Undeterred by the region’s numerous challenges, Germany’s E.ON Ruhrgas is expanding into North and West Africa as it moves to secure gas and LNG supplies for its European markets, writes Thalia Griffiths.
Libya’s National Oil Corporation (NOC) will increase investments in oil and gas developments during 2009, in spite of widespread expectations of cuts in response
BARAKA PETROLEUM: Recapitalisation and restructuring; VAALCO: Gabon well plugged, other drilling continues
Analysis of the impact of financial crisis on IOCs
Libya’s top energy policy-making body has called for the renegotiation of the remaining outstanding historic production contracts run by foreign operators. The Supreme Oil and Gas Council (SCOG) held its first meeting of the year on 28 February in Sirte. As well as approving the memorandum of understanding signed by Total last month for the renegotiation
Following PA Resources’ decision to reduce its licence share in the Marine XIV licence to 12.5% from 85%, the state Société Nationale des Pétroles du Congo, which has a 15% stake, has decided not to exercise its pre-emption right.
PetroVietnam/PTTEP JV plans $2bn investment; AMEC JV in training initiative; Block 31 yields 17th discovery; Lukoil/Vanco drilling; San Leon to convert Zag licence; Chariot completes seismic, woos partners; Aje field deemed commercial; Petrodar to bring new field on stream
The World Bank Group’s International Finance Corporation is selling stakes in three producing concessions in Egypt and one in Côte d’Ivoire. The IFC has retained Scotia Waterous as financial advisor for the sales.
Victoria Oil & Gas (VOG) plans to start drilling on the Logbaba gas and condensate field, following completion of its acquisition of Bramlin in November 2008 (AE 149/15).
