Angola boosts oil revenues, cuts debt
Angola exported $11.8 billion worth of oil in the second quarter of the year, from 103.6 million barrels of oil.
E&P
Perenco exports its first barrel of oil from Chad
Perenco has exported its first barrel of oil from its recently acquired Chadian assets via the Chad-Cameroon pipeline.
Eni, Sonatrach score more Algerian discoveries
Eni has made another discovery in the Berkine North Basin, in Algeria, and it plans to fast track into production via existing facilities.
NOC restores some production, but violence is climbing
The new head of Libya’s National Oil Corp. (NOC) has overseen the relaunch of gas production at Al Faregh and new talks with Waha Oil, paving the way for more production.
TotalEnergies’ Ikike reaches first flows
TotalEnergies (LON:TTE) has started production at the Ikike field, offshore Nigeria, which should reach peak production of 50,000 barrels per day by the end of the year.
Court freezes Eni, Vitol payments over Springfield dispute
A Ghanaian court has ordered the government to halt payments to Eni and Vitol, amidst the ongoing legal dispute with local company Springfield Exploration & Production.
Upland farms out Tunisia stake to Pennpetro
Upland Resources has signed a farm-out agreement with Pennpetro Energy on the Saouaf permit, in Tunisia.
Woodside drops sale plans for Senegal’s Sangomar
Woodside Energy has dropped plans to sell down a stake in its Senegal project, the offshore Sangomar development.
Apache celebrates flare-to-power in Western Desert
Apache is scaling up drilling in Egypt but at the same time is working to tackle flaring, through a new gas-to-site power model.
Chariot boosts Morocco gas resource
Chariot has upgraded the amount of gas it believes may be under its licence offshore Morocco, following the drilling of the Anchois-2 well.
Italy drops appeal against Shell, Eni over OPL 245
The Milanese prosecutor has dropped its appeal targeting Eni (ENI:MI) and Shell (LON:SHEL) for the alleged corruption in securing OPL 245, in Nigeria.
Congo Kinshasa seizes opportunity, doubles licence round offering
Congo Kinshasa has increased the number of blocks it is offering from 16 to 30 at an upcoming bid round.
Eni, TotalEnergies, Oxy commit to $4bn Berkine Basin spend
Eni, TotalEnergies, Occidental Petroleum and Sonatrach have signed a production-sharing contract (PSC) extending control over two blocks in Algeria’s Berkine Basin.
Impact aims to raise cash for Venus, teases development option
Impact Oil & Gas has set out an open offer to raise up to $60 million in order to finance its participation in Namibia’s Venus discovery.
Afentra doubles down in Angola with INA deal
Afentra has struck a second deal in Angola, boosting its stake in Block 3/05, via an agreement with Croatia’s INA.
Libya lifts force majeure following NOC shuffle
Libyan exports appear to be restarting following the appointment of a new chairman to state-owned National Oil Corp. (NOC).
SDX deal on the rocks amid shareholder opposition
SDX Energy faces opposition in its plans to sell itself to Canada’s Tenaz Energy, with Aleph Commodities voicing its disapproval.
Searcher relaunches seismic plans, as SA ponders energy future
Searcher Seismic has filed for a new application to shoot 3D seismic offshore South Africa, in what is set to be a new test for the country’s willingness to approve such work.
Armed group imposes new chairman at NOC headquarters
Pandemonium has broken out at the Tripoli headquarters of National Oil Corp. (NOC) with the arrival of a new chairman, while the incumbent refuses to quit.
Vaalco, TransGlobe set out merger plan
Vaalco Energy (LON:EGY) has set out a plan to acquire TransGlobe Energy (LON:TGL) in an all-stock merger, valuing the latter at $307 million.
San Leon’s Fanning sets out the OML 18 plan
Things are looking up for San Leon Energy (LON: SLE), with the company closing in on the completion of its Nigeria deal and managing to avoid the termination of its listing on London’s AIM.
South Africa seeks input on fracking plans
South Africa has launched a consultation looking at regulations around onshore oil and gas development, using hydraulic fracturing.
PetroNor completes Nigeria deal with an eye on Lagos’ gas demand
Panoro Energy has completed the sale of its stake in Nigeria’s OML 113 to PetroNor E&P.
Sanalla under fire as NOC lifts force majeure
Libya’s National Oil Corp. (NOC) has lifted force majeure at the Brega and Zueitina terminals, allowing in a tanker.
Tullow sets focus on growth, Capricorn merger
As Tullow Oil works to execute its merger with Capricorn Energy, the company is focusing on growth projects.