Victoria suspends trading on $12.1mn arbitration penalty
Victoria Oil and Gas has been forced to suspend trading after a tribunal ruled against in relation to a dispute brought by a partner in Cameroon.
E&P
ReconAfrica sets out 2022 drilling plans, play analysis
ReconAfrica has confirmed plans for at least three test wells this year, plus a sidetrack of the 6-2 well, beginning in the second quarter.
CNOOC, UNOC bid for west Uganda block
CNOOC Uganda has signed a joint application agreement with Uganda National Oil Co. (UNOC) on the Pelican-Crane block.
Eni boss talks gas with Egyptian president
Eni CEO Claudio Descalzi has held talks today with Egyptian President Abdel Fattah al-Sisi around gas and exports.
Vaalco balances caution with expansion in formative year
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
QatarEnergy strikes Egypt deal with Exxon
QatarEnergy (QE) has taken a stake in ExxonMobil’s North Marakia Offshore block, in Egypt.
Mozambique president launches Temane project
Mozambique President Filipe Nyusi has ceremonially laid the first stone for the Temane project.
Mozambique names sixth bid round competitors
Mozambique has closed the pre-qualification section of its sixth bidding round with 13 companies submitting documents.
Eni scales up Ndungu find to billion barrels
Eni believes its Ndungu field could hold 800 million to 1 billion barrels of oil equivalent in place.
South Africa’s CEF eyes stake in Renergen’s gas project
South Africa’s Central Energy Fund (CEF) is considering buying into Renergen’s Virginia gas project, paying 1 billion rand ($69 million) for a 10% stake.
Akwa Ibom takes issue with Exxon sale to Seplat
The Akwa Ibom government has objected to ExxonMobil’s sale plans to Seplat Energy and filed a legal case to halt the transaction.
Energean sees landmark 2022 with Karish, dividends starting
Energean almost doubled its adjusted EBITDAX in 2021, from 2020, and expects first gas from its Karish project in the third quarter of this year.
US petroleum consultants sign up to Ethiopian study
Netherland, Sewell & Associates (NSAI) has signed a deal to assess the potential of Ethiopia’s oil and gas resources.
Spain aligns with Morocco, risking gas links
Spain has approved Morocco’s plans for Western Sahara, creating new lines of dispute in Madrid and driving the Algerian ambassador to be recalled.
Sonatrach, Eni make significant Berkine find
Eni and Sonatrach have made a “significant” oil and gas discovery in Algeria’s Berkine North Basin.
Eni flags Africa and gas growth to tackle demand crunch
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
FAR beefs up board’s exploration insight with geologist Stein
Beleaguered Australian minnow FAR has appointed explorer Alan Stein as a non-executive director, suggesting the company is sticking to its growth plans.
SDX presses on with aggressive Egyptian drilling plans
SDX Energy has begun producing at the MSD-25 well in Egypt, shortly after drilling the well.
Pennpetro wades into Tunisia with Upland deal
US-focused Pennpetro has set out a plan to diversify into Tunisia through a deal with Upland Resources.
BP, Eni to combine Angolan assets in new joint venture
BP and Eni have reached an agreement to combine their Angolan businesses in a 50:50 joint venture.
South Africa’s DMRE flies the flag for hydrocarbons
South Africa has made clear it is not moving away from hydrocarbons in the near term, talking up exploration plans and gas imports, in addition to scope for new coal generation.
Eco completes Azinam purchase, eyes Q3 drilling
Eco Atlantic Oil & Gas has completed its acquisition of Azinam Group, setting the stage for drilling offshore South Africa late this year.
French court sides with NGOs over Perenco
French NGOs have celebrated a legal victory over Perenco, on access to the oil company's files on its actions in Congo Kinshasa.
Tullow flexes positive plans on improved optimism
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
BP, Total and Conoco talk shop with Libya’s NOC
BP, TotalEnergies and ConocoPhillips executives have held talks with Libya’s National Oil Corp. (NOC) on the sidelines of the CERAWeek conference, in Houston.