TransGlobe, Rockhopper post Egyptian progress
Drilling is pressing ahead in Egypt for small producers, such as TransGlobe Energy and Rockhopper Exploration.
Ghana on the rocks
Ghana has had a decidedly mixed couple of months, with a major offshore discovery offsetting problems at Tullow Oil and Aker Energy.
Tullow’s Dussafu back-in dispute
Tullow Oil has exercised its back-in right for a 10% stake in Gabon’s Dussafu production-sharing contract (PSC), although the amount payable is under dispute.
Erik Prince’s FSG quits Mozambique oil and gas logistics venture
Frontier Services Group Ltd., the Hong Kong-based company founded by Erik Prince, has decided to quit a logistics joint venture with Mozambique’s national oil company, even as the country readies to receive about $60 billion of investments in natural gas export projects.
AAOG exec quits for Tunisia as cash squeeze bites
The CEO of Anglo African Oil & Gas (AAOG) has resigned in order to spend more time with Anglo Tunisian Oil & Gas (ATOG).
Eland sale puts Westhill base on thin ice
Nigeria’s Seplat Petroleum has completed its acquisition of Eland Oil and Gas, which owns assets in Nigeria’s Niger Delta.
Israel endorses Egypt gas exports
Israel has approved permits to export gas to Egypt, from offshore fields. First exports are expected in January.
Total makes major Angolan move
Total has made a major move in Angola, picking up equity in blocks previously held by Cobalt International Energy and extending the licence on Block 17.
BP touts three for three offshore Mauritania, Senegal
BP has reported success at its Orca-1 well offshore Mauritania, finding gas in numerous sands, including a deeper target.
One of hottest energy trades this year is becoming the trickiest to profit from
One of the hottest trades this year across energy markets is proving one of the trickiest to profit from.
Equatorial Guinea offers ExxonMobil short extension
Equatorial Guinea expects $1.4 billion to be invested in the country in the 2020 fiscal year, with a mix of exploration and appraisal drilling.
Zohr continues to rise for Egypt
Egypt’s Zohr field is producing at around 3 billion cubic feet (85 million cubic metres) per day, the country’s Ministry of Petroleum has said.
Wintershall reaches Libya deal
Wintershall’s local subsidiary has signed two exploration and production-sharing agreements (EPSAs) with Libya’s National Oil Corp. (NOC) after compromising on licence terms.
Presidential win for Algerian political insider spurs new unrest
A veteran Algerian politician won a presidential election spurned by most voters, giving fresh impetus to protests demanding a complete revamp of the OPEC member’s political system.
Gas supply agreements struck for Nigeria LNG
Nigeria LNG (NLNG) has signed gas supply agreements (GSAs) to supply three of its existing trains – plus the seventh, which is yet to reach a final investment decision (FID).
Sudan pushes for US sanctions relief
Pressure is mounting on the US to reconsider sanctions on Sudan, where the former president was driven from office in April.
Gravity survey planned for Egypt in 2020
TGS and AustinBridgeporth will begin acquiring an airborne gravity survey in Egypt in the first quarter of 2020.
Vitol signs up for Nigerian LNG supplies
Vitol has signed a sale and purchase agreement (SPA) with Nigeria LNG (NLNG), for some production from Trains 1, 2 and 3.
FAR sets out Sangomar financing plan
FAR has set out plans for a conditional placement and a senior debt facility in order to finance the Sangomar field, offshore Senegal.
Algeria goes to the polls
Algeria goes to the polls today in a widely disputed election that aims to move the country on from its political quagmire, although this seems unlikely.
Springfield makes billion-barrel find off Ghana
Ghana’s Springfield Exploration and Production has found oil in two areas at its Afina-1 well on its West Cape Three Points (WCTP) Block 2, offshore Ghana.
United nears Abu Sennan deal
United Oil & Gas has returned to trading on London’s Alternative Investment Market (AIM) and is nearing completion of its acquisition of a stake in Egypt’s Abu Sennan licence.
Savannah sets out Nigeria plans for 2020
Savannah Petroleum expects to generate free cash flow of around $130 million per year from its recently acquired Nigerian assets, based on calculations from CGG Services.
Total resolves Waha woes with Libya’s NOC
Total has reached an agreement with Libya’s National Oil Corp. (NOC) on the French company’s acquisition of a stake in the Waha concessions.
Aker Energy CEO out
CEO Jan Arve Haugen of Ghana-focused Aker Energy has resigned, replaced in the interim by Svein Jakob Liknes, who was the company’s head of operations. Changes are also being made to the company’s board.