News
January 22, 2024
Eco (Atlantic) Oil & Gas Ltd has received final government approval for the farm out of its 6.25% participating interest in Block 3B/4B, located offshore South Africa in the prolific Orange basin, to Africa Oil Corp. The company also provided an operational update on entering the next license phase for Orinduik block offshore Guyana, near ExxonMobil's Liza discovery and the Stabroek Block.
News
January 18, 2024
Delaying the transaction will only impact the growth of the industry, and Nigeria stands to serve as an example of how the successful transfer of oil assets from an international major to local players can advance the industry.
News
January 16, 2024
The pipe’s lightweight properties allowed it to be transported by a small, multi-purpose vessel and installed by local contractors, greatly reducing carbon emissions and costs.
News
January 16, 2024
On December 31, 2022, SEC proved reserves that are the subject of this transaction were approximately 458 MMboe.
News
January 14, 2024
Gross production from the Dussafu license averaged 22,500 bopd in the quarter, amounting to a total gross production of 2,073,000 MMbpd for the period.
News
January 10, 2024
The exploration well unveiled a “significant column of light oil in reservoir-bearing sands of high quality,” the company said. Galp will continue drilling operations at Mopane-1X to explore “deeper targets.”
News
January 10, 2024
Starting in 2022, TotalEnergies and Shell Plc made large finds in the waters off Namibia, raising hopes of transforming the economy of the sparsely populated country.
News
January 09, 2024
lock 33 contains just six well penetrations, which have yielded two Oligo-Miocene oil discoveries, and is highly underexplored in comparison to the neighboring acreage.
News
January 08, 2024
The multi-million-dollar Master Services Agreement covers a wide scope of services. These include, but are not limited to, onshore and offshore management and supervision, provision of personnel, and equipment maintenance.
News
January 05, 2024
The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, which is making efforts to boost investment after many years of underinvestment and production decline.
News
January 04, 2024
Africa’s natural gas sector stands poised to prepare the entire continent for eventual decarbonization, as do many of the companies operating here.
News
January 04, 2024
Production from the oil fields in Uganda will be transported to the port of Tanga in Tanzania through the cross-border pipeline developed by the EACOP Company.
News
January 02, 2024
Following completion of the commissioning phase, Tango FLNG will produce its first LNG cargo by the first quarter of 2024, placing the Republic of Congo on the list of LNG-producing countries.
News
January 02, 2024
Petrobras’ Board of Directors has approved the company's operations in São Tomé and Príncipe, a country on the west coast of Africa, enabling the acquisition of stakes in three exploratory blocks, through a competitive process conducted by Shell.
News
December 29, 2023
This extension, effective from December 2023, allows Oranto to continue its oil exploration and appraisal drilling activities in these promising blocks.
News
December 29, 2023
After more than a decade running one of Africa’s most influential law firms, covering all aspects of the oil and natural gas sector, NJ Ayuk has announced that he will not make another long-term commitment to Centurion Law Group and will step down.
News
December 28, 2023
Funding will be utilized for a well test on natural gas discoveries in the Upper and Lower Angwa formations in Mukuyu-2 well, preparation for 3D seismic over the Mukuyu gas field and long lead items for a planned high impact exploration well from the company’s extensive portfolio in the Basin Margin or Central Fairway prospects.
News
December 27, 2023
Equatorial Guinea will leverage OPEC cooperation to address challenges and exploit opportunities associated with the energy transition, the African Energy Chamber has learned.
News
December 27, 2023
The Sangomar Field Development Phase 1 includes a stand-alone FPSO with subsea infrastructure and an expected production capacity of approximately 100,000 bpd.
News
December 27, 2023
The three licenses cover an area of approximately 8,700 km2 in the deep and ultra-deep waters of the Angolan offshore.
News
December 23, 2023
Extension of the permit is in line with the country’s drive to boost recoverable oil from current levels of 1.4 Bbbl, according to the statement.
