Invictus opts for appraisal over exploration in Zimbabwe
Upgrade work and maintenance will begin on the Exalo Rig 202 in April, following the end of the wet season.
E&P
Drilling “imminent” on Total’s mooted golden block
The plan, he said, would not be “to appraise everything”. Instead, the partners in the block would “accelerate the time to market … if we have the chance to really confirm the volumes which seems to have been discovered, there will be room to make fast track developments, like we did on Block 17, 25 years ago.”
Shell extends Valaris rig for bargain price
Shell’s deepwater unit is using the rig for infill drilling around its Bonga FPSO.
Shell signs up for more Northwest African exploration
While work in C2 is just beginning, the MPME said Shell was planning to drill another licence in the coastal area before the end of 2023.
Sasol sticks to disciplined plans, talks up green moves
While drilling is ahead of schedule in Mozambique, gas production was 2% lower, Sasol said. This is “due to reduced demand from our own operations and the external market largely due to the ongoing power outages”.
TechnipFMC wins Girassol life extension work
Total discovered Girassol in 1996 and began producing within five years. The field celebrated its 20-year anniversary in 2021.
Zenith drops Tilapia oil dream, shifts to debt collections
Ahmed Ouenes, CEO and founder of Olive Energy, said the company had carried out work with SNPC. The two companies had drilled and produced multiple wells during 2021-22, with flow rates “much higher” than current production.
Panoro and partners add another EG block
Past drilling on the block has suggested there is potential, with an “extensive prospect inventory” within tie-back distance to Ceiba and the Okume complex.
Africa Oil marks new country entry with eye on infrastructure
Africa Oil said the block contains a number of gas-prone prospects in water depths of less than 80 metres. Crucially, it is close to existing infrastructure, including the Alba gas field and the Punta Europa LNG plant.
Somoil adds more upstream with Galp purchase
CEO Silva said Galp’s upstream was now purely focused on Brazil, “at least until we have more news from [Sao Tome] and Namibia”.
Capricorn, NewMed abandon merger dream
Palliser has suggested that Capricorn should return at least $535 million to shareholders.
Bechtel to decarbonise Shell’s Idku under unified power plan
The agreement follows a memorandum of understanding (MoU) signed at the same conference in 2022.
Sanha on track for Angola LNG as Sarens loads out jacket
SLGC is intended to tackle a projected supply gap at the Angola LNG facility.
CNOOC seeks to unleash Gabon’s game changing Tigre
Gabon is producing around 200,000 barrels per day. Should Tigre be successful, and if the in-place forecasts are accurate, the project could double Gabon’s production, S&P said.
Wentworth deal on the rocks with Fidelity’s “no”
Wentworth has said cashflows in 2023 will be much reduced - making now an ideal time to sell out to partner Maurel.
Shelf extends jack-up contract in Egypt
Shelf won more work in Egypt for its Trident 16 jack-up in January. Petrobel signed a one-year contract extension for the rig, with an option for another year.
Former Ghana president clashes with ministry over slow oil progress
Ghanaians should treat Mahama’s suggestion “with the utmost contempt it deserves”, the statement concluded.
Dana bumps up profits, but Egypt receivables cast a shadow
Receivables in Egypt had fallen in 2021 but began climbing once more in 2022.
Reports: Chevron eyes Algerian shale entry
The company has also hired consultants to assess Algeria’s shale and non-shale gas resources and consider its contractual terms.
OML 130 drilling faces legal battle, threat to seize Noble rig
“Our rig is still available,” a Palmeron official said. “We believe the contract should be ours. If we do it, we would be the first local contractor in Africa to do drilling. We want the IOCs and the world to encourage us,” he continued.
Shell faces additional Niger Delta environmental claims
“It is high time that it addressed the ongoing pollution caused to these communities by its operations. The question must be asked whether Shell simply plans to leave the Niger Delta without addressing the environmental disaster which has unfolded under its watch?”
Capricorn board out, Palliser nominees roll in
The vote appoints Hesham Mekawi, Christopher Cox, Maria Gordon, Craig van der Laan, Richard Herbert and Tom Pitts to the board with immediate effect. They all received 99.2% approval at the vote.
Addax ends Nigeria saga with NNPC transfer
As a result, they agreed the “clean and amicable exit for Addax by resolving all the PSC contractual issues, including litigation”.
Minister says no to Eni’s mega gas plan in Libya
“That part of west Libya is relatively stable. If you’re going to choose a project to develop it’s a good choice,” Kinnear said.
Activists call on Pope to condemn Congolese licence plans
“The exploration of oil and gas in DRC sets us on the path of more climate catastrophes that will disproportionately affect the poor,” Kitisya said.