Chad rejects Savannah, claims gross breach of contract
The country attributed increased production to “local Chadian managers who were no longer restrained by ExxonMobil’s pre-exit policies”.
E&P
Savannah counts the cost of Chad nationalisation
The Niger-Benin export pipeline will serve to unlock developments in Niger. The line is 75% complete, Savannah reported, and should be fully operational in the fourth quarter of this year.
Chevron nears deal in shared block offshore Angola and Congo
Oil production from the block could start as early as two years after a deal is signed, Budimbu said.
International offshore oil calls once more
Nigeria’s emissions are 16 kg of CO2 per barrel and Angola’s 17 kg, while on the shelf they rise to an average of 33 kg.
Invictus raises cash for seismic and drilling in Zimbabwe
Invictus Energy has raised A$10 million to fund the next stages of its work in Zimbabwe’s Cabora Bassa Basin.
BW Energy completes first Hibiscus well
The BW Adolo FPSO will process oil from this development phase alongside the Tortue production. Tankers will offload oil from the FPSO for export.
Shell farms out Mauritania stake to QatarEnergy
QE struck a deal with ExxonMobil Canada on March 29 to access to more exploration, with drilling imminent.
Savannah battered by Chad, focuses on South Sudan
At the same time that Savannah was announcing the cancellation of its deal to buy the Petronas assets in Chad, it set out an even more ambitious plan with the Malaysian company.
Oando finally audits 2020 results, sees theft spike in 2021
In August 2021, it managed to reach a deal where it would help loan money to Whitmore Asset Management, linked to its CEO Tinubu, to pay out $550mn to Gabriele Volpi’s Ansbury Investments. Oando borrowed the cash from Afreximbank and advanced this to Whitmore.
Total hammers out development plan on Luiperd
As the gas market grew, Africa Energies said the development of the Paddavissie Fairway would expand. The company believes there is more to be found in the region, based on 2D and 3D seismic.
Targeting 3mn bpd, NNPC spuds frontier well
NNPC is also carrying out exploration in the Chad Basin, Dahomey Basin, Anambra, Calabar Embankment, Sokoto Basin, Bida Basin and the ultra-deepwater of the Niger Delta.
Namcor chair arrested in drugs bust
Comalie seems to have asked Mulunga to discipline Willemse, who was involved in the plan to tap the fuel, stored at Walvis Bay. “He may have thought this was a loan, but it is really theft”, Comalie told Mulunga, according to New Era.
Cheiron starts up second phase at Egypt’s GNN field
Cheiron said the find demonstrated the Gulf of Suez’s remaining exploration potential, despite being relatively mature. The GNN field was the first discovery in the Nukhul formation, it said.
Chad derails Savannah’s hopes on Exxon assets
The move by Chad came despite the fact that Savannah had reversed production decline, the company said. Production reached 29,349 barrels per day since December 9, it said, up by 9%.
Seplat sues Orjiako over “deceit and false representation”
However, in legal papers filed at the Federal High Court in Abuja it has accused the former chairman of making an offer worth $300 million to the Minister of State for Petroleum Resources. The alleged letter was dated December 22, 2022.
Genel pursues options beyond Kurdistan
“The business is now determined to add new revenue streams that build a stronger business”, said CEO Paul Weir.
Tunisia president seeks to claim Libyan oilfield stake
Aoun said Saied’s comments might refer to the continental shelf, rather than the Bouri field. Tunisia and Libya have established the Joint Oil company to work in this area, although this has not made any progress in recent years.
Blackford Dolphin kicks off drilling in Nigeria
Once the Blackford Dolphin completes its work for General Hydrocarbons, it will stay in Nigeria for work with Peak Petroleum, at a higher day rate.
Eco Atlantic sets out Orange Basin drill plans
Eco Atlantic has begun the regulatory process of applying for an exploration well offshore South Africa in the Orange Basin.
Exxon issues Rovuma LNG tender but financing in focus
ExxonMobil has issued a call for companies to build an onshore LNG plant in Mozambique, amid signs of new confidence in the conflict afflicted north.
Serinus struggles with rig delivery woes at Sabria
“Given the state owned, monopolistic nature of CTF the company was deprived of normal contractual remedies and was forced to wait until a suitable rig became available,” he continued.
Lukoil sees room for more in Congo
Gas volumes will also grow, he said. It is currently producing 1.5 billion cubic metres per year and this will grow to 5.5 bcm “at the next development stage" Tass reported the manager as saying.
Nigeria aims to prop up marginal field plans
It intends to broker deals with service companies, where they provide work in exchange for a service fee recoverable from production.
AEC calls Glencore into question over illicit South Sudan business
The statement said countries in need “will not prosper without domestic players who are willing to solve their unique challenges”.
Angola says Exxon poised for $15bn Namibe Basin investment
ExxonMobil could invest $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, said in Luanda.