Caught between investors and critics, ReconAfrica fights on
Reconnaissance Energy Africa has seen its share price fall since providing further information on its drilling results.
E&P
Still finds to make in Africa
African exploration is considering new ways forward amid discussions of the energy transition, but conventional opportunities remain.
Tanzania grants more time for Ruvuma gas plan
Tanzania has extended the Ruvuma production-sharing agreement (PSA) to provide time for development of the area’s gas plans.
Shell charters Valaris rig for Namibia, Sao Tome exploration
Valaris has agreed to provide its Valaris DS-10 rig for Shell’s upcoming exploration in Namibia and Sao Tome & Principe.
Shell contractors killed in Nigeria ambush
An attack in Nigeria’s Imo State has left seven Shell contractors dead, according to local reports.
BP skips Gambian exploration with cash payment
BP has agreed to pay cash to The Gambia in order to avoid the drilling of an exploration well on Block A1.
Room for buyers to grow in Shell’s Nigerian portfolio
Shell is making plans to exit its onshore business in Nigeria, but Wood Mackenzie has called for caution from prospective buyers.
Dana Gas revenues rise in strong first half
Dana Gas has reported strong first half results, with profits and cash flow rising from Egypt and Kurdistan.
Tower secures partner for short-cycle Cameroon work
Tower Resources has struck a binding heads of agreement (HoA) to farm out its Cameroonian licence to Beluga Energy.
Ghana eyes Aker stake, NGOs object
Ghana has set out plans to borrow up to $1.65 billion to acquire upstream stakes – but NGOs have come out fighting.
Armour swings back into Uganda action
Australia-listed Armour Energy is restarting its 2D seismic programme in Uganda, two years after declaring force majeure.
United lines up more production at Abu Sennan
The Al Jahraa-8 development well on Egypt’s Abu Sennan concession has flowed at a maximum rate of 2,819 barrels of oil equivalent per day, United Oil & Gas has reported.
ADM appoints former Africa Finance Corp executive as chairman
ADM Energy has appointed former Africa Finance Corp. (AFC) chief investment officer Oliver Andrews to the role of non-executive chairman.
ReconAfrica extends Kavango holding with Botswana closing
Reconnaissance Energy Africa has completed its acquisition of Renaissance Oil Corp., through an all-share deal.
Dana Gas wins arbitration challenge in Egypt
An arbitration panel has backed Dana Gas in its decision to terminate a sales agreement with IPR Energy.
FAR capital return to sweeten pill on trading resumption
Australian minnow FAR has announced plans to return cash to shareholders, while still going ahead with drilling a well off The Gambia.
Oando settles long-running dispute with Nigerian regulator
Oando has reached a settlement with the local Securities and Exchange Commission, bringing to an end a long-running dispute.
Sonatrach head visits Touat, commits to ethics code
Sonatrach CEO Toufik Hakkar has visited Algeria’s southwest, seeing the Touat and North Reggane facilities.
16 companies bid for Angola’s onshore blocks
Angola has received bids for all nine of its onshore blocks up for grabs in its 2020 licensing round, in the Lower Congo and Kwanza basins.
Dana reaps reward of scrapping Egypt sale
Dana Gas has more than doubled its collections from Kurdistan and Egypt in the first half of the year.
New Age prepares to tee up Cameroon, Congolese projects
New Age (African Global Energy) expects to bring on its Etinde gas project, in Cameroon, and Marine III, off Congo Brazzaville, in 2024.
Tullow output to continue decline
Tullow Oil has cut the amount it expects to produce this year, but is likely to approve the Simba development in Gabon later this year.
Eni, Sonangol sign up Angolan acreages
Eni and Sonangol has signed production-sharing contracts (PSCs) for Blocks 27 and 28 with the Angolan regulator.
Renergen rethinks well abandonment plan
Renergen’s P12 well has begun flowing gas, although at low levels, the company has reported.
Invictus scraps partner talks on Zimbabwe project
Australia’s Invictus Energy has scrapped a farm-in agreement for its Cabora Bassa project in Zimbabwe.