Eco firms up Azinam deal amid Graff fervour
Eco Atlantic Oil & Gas has signed a definitive agreement to acquire Azinam Group, focused on the emerging areas off South Africa and Namibia.
E&P
Shell confirms light oil offshore Namibia
Shell and Namcor have announced a light oil discovery at the Graff-1, offshore Namibia.
FAR shareholder slates “inadequate” Samuel Terry bid
Australian explorer FAR’s major shareholder has rejected a takeover bid from Samuel Terry Asset Management.
Gazprom launches El Assel work in Algeria
Sonatrach and Gazprom have launched a plan for a new gas development in Algeria’s Berkine Basin.
As Afcon heats up, Cameroon power demand rises
The Africa Cup of Nations has tested the footballing mettle of 24 African states – and also Cameroon’s ability to cover the resulting increased power demand.
FID at last for $10bn Lake Albert project
TotalEnergies and CNOOC Ltd have taken the final investment decision (FID) on Uganda’s Lake Albert development, finally triggering the start of work on the 240,000 barrel per day project.
TotalEnergies signs Rwanda MoU ahead of Uganda FID
TotalEnergies has signed a memorandum of understanding (MoU) in Rwanda ahead of a final investment decision (FID) in Uganda tomorrow.
Offer launched for West Africa-focused FAR
Samuel Terry Asset Management has set out a plan to buy Australian-listed FAR through a cash offer of A$0.45 ($0.31) per share.
Trafigura steps in to back Sirius production plans
Trafigura has agreed to provide up to $200 million to Sirius Petroleum to fund its plans in Nigeria, at OML 65.
United launches Egypt drilling campaign
Kuwait Energy Egypt has begun drilling on the Abu Sennan licence in Egypt, United Oil & Gas has reported, marking the start of a four-well programme.
Tullow aims for production growth in 2023
Tullow Oil’s shift to a more conservative stance is paying off, it seems, with debt down and cash flow on the rise.
Report: Shell scores big find off Namibia
Shell’s Graff-1 well has made a “significant” discovery offshore Namibia, Reuters has reported citing three industry sources.
Impact owner dismisses seismic worries as “poppycock”
Concerns about the impact of seismic surveys on local marine wildlife are “poppycock”, one of the companies involved has said.
Out of time on Nigeria’s marginal bid round
If you were one of the winners of Nigeria’s marginal field bid round but have not paid the signature bonus, too bad, your time is up.
ADM fights off shareholder, as Nigerian legal fight delays
ADM Energy’s board has seen off a shareholder activist attempt at revolution, while a legal challenge over an oilfield in Nigeria has been pushed back.
TotalEnergies, Inpex sell down Angola stake
TotalEnergies and Inpex are selling out of Angola’s offshore Block 14, transferring their interests to locally owned Somoil.
Eni spuds exploration well in deepwater Kenya
Eni has spudded the Mlima-1 exploration well, offshore Kenya, in the deepwaters of the Lamu Basin.
Pharos plans for executive shuffle on Egypt deal
Pharos Energy is shuffling its executive team, moving Jann Brown to the post of CEO and with Ed Storey shifting to focus on Vietnam, as the company nears completion of its Egyptian farm-out deal.
Libya’s Elephant returns, as Es Sider goes offline
Poor maintenance at export facilities has driven Libya to shut in exports from the Es Sider terminal, compounding weather-related woes.
Gabon oil workers strike over vaccine mandates, PCR testing
Oil workers, and others, have gone on strike in Gabon in protest at COVID-19 measures.
Eco makes move on Azinam as first step to exploration independent
Eco (Atlantic) Oil & Gas is buying South Africa and Namibia-focused Azinam, with CEO Gil Holzman talking of building a major exploration focused independent.
Chariot makes Morocco find as rig moves to re-entry
Chariot has made a “significant” discovery at its Anchois-2 well off Morocco. This paves the way for the company to pursue its gas development plans.
Heirs Holdings issues OML 17 tender
Heirs Holdings has launched a tender for work on the Elelenwa multi-phase pump gathering station, on OML 17 in Nigeria.
Invictus sharpens focus on Zimbabwe drill plans
Invictus Energy has secured long-lead items for its planned two-well programme and launched a capital raising programme, as it targets drilling in the first half of the year.
Ex-Seplat exec launches rival bid for Exxon assets
Former Seplat Energy executive Austin Avuru appears to be clashing with his old company in the pursuit of ExxonMobil’s mature onshore Nigerian assets.