Three confirmed dead in Nigeria Sikorsky S76 helicopter crash
At least three people are dead after a Sikorsky S76 helicopter crashed carrying oil workers in Nigeria.
E&P
Reabold hails “excellent economics” of gas field plan
Reabold Resources (LON: RBD) has hailed the "excellent economics" of a new plan and a regulatory green light for its onshore gas project at West Newton near Hull.
Exxon, Shell are said to weigh bids for Galp Namibia stake
Exxon Mobil Corp. and Shell Plc are among energy giants evaluating bids for a stake in Galp Energia SGPS SA’s major oil field offshore Namibia, according to people familiar with the matter.
TotalEnergies CEO says Namibia could be next Guyana
Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position.
Galp jumps after saying Namibia project may be important find
Galp estimates reserves at the Mopane field in Namibia could be as high as 10 billion barrels of oil equivalent or higher.
Aminex scales up gas hopes on seismic, eyes drilling plans
For now, the companies are waiting for a development licence. Aminex confirmed to Energy Voice that this “unlocks activity pertaining to the development of the field". This includes drilling production wells or well workovers.
Under fire, exploration drilling fights for its corner
Exploration is not quite the dirty word it was in 2020-21, but appetite remains muted and highly selective.
ReconAfrica sets sights on Damara drilling for June
Reconnaissance Energy Africa has set out plans to wrap up its joint venture process in April and begin drill its next well, in the Damara Fold Belt, in June.
Is Galp’s Mopane discovery overblown?
Galp is drilling the Mopane 2 well, but Bank of America has raised concerns over the implied valuation, amid fears of a Namibia bubble.
Vaalco strikes for Svenska in move into Cote d’Ivoire
While the deal is immediately accretive to Vaalco, the FPSO on Baobab will go offline in early 2025 for maintenance and upgrades. It should be back in production in 2026.
Panoro targets new rig for Equatorial Guinea in Q2
Panoro Energy expects growth to continue this year, targeting 40% more production than 2023, despite problems around drilling in Equatorial Guinea.
Perenco chases Hylia SW find with appraisal drilling
Perenco has begun drilling an appraisal well in Gabon, close to its shallow water Hylia South West discovery from December 2022.
RoyalGate seeks arbitration over Africa Oil award
RoyalGate Energy has informed Equatorial Guinea that it intends to begin arbitration over Block Z, alleging “material breaches” from the Ministry of Mines and Hydrocarbons.
Tower readies for crunch time as Cameroon well looms
Tower Resources is nearing the point where it will begin drilling in Cameroon, but the company has other opportunities it is also pursuing, chairman and CEO Jeremy Asher has highlighted.
Gabon commits to Assala deal, Maurel calls it quits
Gabon Oil Co. (GOC) has sealed the acquisition of Assala Energy, with Maurel et Prom acknowledging defeat.
BP farms out Egypt stakes to Adnoc in JV deal
"Building on our long-standing strategic partnership with BP, Adnoc looks forward to continue exploring other opportunities as we collectively seek to decarbonise our operations and lead a just and equitable energy transition.”
Galp focused on production “as soon as possible” in Orange Basin
Galp raised the possibility of farming down its stake and bringing in a partner. It currently has an 80% equity position.
Equinor targets US, UK and Brazil for cash flow growth
“But most of the cash flow increase is coming from improvements in the quality of the portfolio. We're shifting from mature legacy assets to next generation assets.”
TotalEnergies “completely optimistic” on Namibian drilling
“We will continue to drill … because everybody is excited. We have another exploration potential well on the south of Venus and we continue to appraise what has been discovered.”
Exiting Egypt, United’s Larkin eyes a return to deal making
“The first target has an NPV of $4bn, for a $30mn well. We know it’s frontier exploration and the chance of success is maybe 20%, but it stands up.”
Savannah clocks another South Sudan extension
However, Savannah said it is still making progress on the various parts of the deal. These include “in-country approvals”, which are required to complete the deal for Petronas’ assets.
Chariot lines up drill plans on- and offshore Morocco
Chariot said it was working with Energean on the Anchois development plan. This included negotiating offshore drilling and services for work this year.
Perenco swipes left on Etinde
Bowleven CEO Eli Chahin said the termination of the deal was “unfortunate as we believed it could have represented an opportunity to accelerate development progress at Etinde”.
Africa Oil sets out company transformation via the Orange Basin
“The reason we wanted to stay in is in the southern part of the block.” The operator is acquiring 3D seismic on the area, he said, backing up existing 2D seismic.
Shell’s half billion barrels in the Orange Basin
“We are making ongoing evaluations to determine the exact size of these fields and continuously improve our estimates to determine commerciality.”