Kosmos turns on the cash flow spigots and looks to LNG
Kosmos Energy is generating free cash flow at unprecedented volumes, allowing it to pay down debt, and has been talking up LNG.
E&P
Apex boosts production 50% with Fajr well
Apex International Energy has tested its Fajr-8 development well at 2,440 barrels per day of oil in Egypt’s Western Desert.
Wildcat sets sights on Sierra Leone
Wildcat Petroleum has signed a reconnaissance permit covering 20 blocks offshore Sierra Leone, covering 24,000 square km.
Angola ejects WM-DC from Cabinda North
Angola has ejected WM-DC Resources from the Cabinda North block, for alleged failure to comply with its contractual obligations.
United appoints Boru’s Dunne as new CFO
United Oil & Gas is replacing its CFO, David Quirke, with Peter Dunne, as of today.
Sirius, Somoil seal Sonangol sale
Sirius Petroleum and Somoil have officially signed a sale and purchase agreement for stakes in three blocks offshore Angola for $335.5 million.
Shell, Galp spud well offshore Sao Tome
Galp and Shell have spudded the Jaca well, offshore São Tomé and Príncipe, following work off Namibia.
Amid high-priced wells, ReconAfrica posts big numbers
Reconnaissance Energy Africa has posted documents shedding light on some of its challenges – but also some of the major prospectivity in Namibia’s Kavango Basin.
Sungara sets out $500mn deal to buy into Block 15/06
Sungara Energies has signed a deal to buy a 10% stake in Block 15/06, offshore Angola, from state-owned Sonangol.
Afentra moves Sonangol deal forward on two blocks
Afentra has signed a sale and purchase agreement with Sonangol for two blocks offshore Angola, with an up-front cash commitment of $80 million.
Oil lifts Seplat higher, but pipe problems continue
Seplat Energy has reported some slow progress at pipeline projects, but with EBITDA growing at 82% year on year it is seeing a clear benefit from higher oil prices.
Invictus secures more farm-in bids, begins well pad construction
Australia-listed minnow Invictus Energy has received three farm-in bids for its project in Zimbabwe, where it has also begun work constructing a well pad.
Woodside preps for Ocean BlackHawk arrival in Senegal
Woodside Energy has revised the subsea installation campaign schedule at its Sangomar project, in Senegal, but continues to expect first oil in 2023.
Vaalco starts up second well, spuds a third
Vaalco Energy has completed a new well in the Etame field. Initial flow rates of 3,100 barrels per day of oil gross exceeding internal expectations.
Somali authority rebuts criticism of Coastline deal
The Somali Petroleum Authority (SPA) has come out swinging against analysis of its production-sharing agreement (PSA) terms in a Voice of America (VOA) article.
Namibia eyes Shell, TotalEnergies production in 2028
Namibia aims to reach production from its Venus and Graff discoveries by 2028, Immanuel Mulunga, managing director of Namcor has said.
Namibia’s next great hopes, beyond Venus and Graff
Namibia has leapt to the forefront of exploration thinking with the Venus and Graff discoveries earlier this year, but there are opportunities beyond TotalEnergies and Shell.
Eco Atlantic tops up Gazania drilling pot
Eco Atlantic Oil & Gas has put $20 million into escrow for its share of drilling expenses on the Gazania-1 well, on Block 2B offshore South Africa.
Congolese licence plans draw Greenpeace ire
Congo Kinshasa has approved plans to offer 16 blocks for exploration, although the plan has drawn opposition from Greenpeace Africa.
Eni brings on more at Meleiha
Eni has announced a trio of discoveries in Egypt’s Western Desert, shortly after agreeing to expand gas supplies to Europe from the North African state.
Time to taste Invictus’ Zimbabwean fruit
Invictus Energy expects to start drilling its major Zimbabwean prospect by July, bringing the long-awaited dream of founder and managing director Scott Macmillan to the test.
Aminex expects Ruvuma well, Kiliwani North seismic this year
ARA Petroleum Tanzania (APT) should spud a well in Tanzania in November, partner Aminex has said, with production from Ntorya starting at the end of 2024.
Mozambique pre-qualifies 12 companies for 6th bid round
Instituto Nacional de Petroleo (INP) has approved 12 of the 13 companies for pre-qualification in its sixth licence round.
Wentworth sets net zero plan as production rises
Wentworth Resources has posted another strong set of results with revenues up 26% on higher production.
Eni, Equinor and TotalEnergies play it safe in Angola bids
Eni, Equinor and TotalEnergies have submitted bids for two blocks in the Lower Congo Basin, ignoring more frontier areas in the Kwanza Basin.