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Continental News

Kosmos Energy Acquires Additional Interests in Jubilee field for $550 Million, Ghana

Kosmos Energy has announced that it has acquired an additional 18.0% interest in the Jubilee field and an additional 11.0% interest in the TEN fields in Ghana from Occidental Petroleum (“OXY”) for a purchase price of $550 million with an effective date of April 1, 2021. Consideration due to OXY at completion was approximately $460 million after taking into account closing adjustments. […]

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Maersk Voyage drillship to set world record in Ondjaba-1 drilling contract, Angola

TotalEnergies E&P Angola has exercised an option for the 7th generation drillship Maersk Voyager to drill the ultra-deepwater Ondjaba-1 exploration well in Angola’s Block 48. The contract extension has an estimated duration of 54 days, which means that Maersk Voyager is now contracted until February 2022.  The work on Ondjaba-1 commenced in October 2021, after which […]

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Papua New Guinea seeks bigger stake in PNG LNG project

Papua New Guinea Prime Minister James Marape has told Santos Ltd the country wants an extra stake in the $19 billion dollar PNG LNG project if Santos’ proposed takeover of Oil Search goes ahead, the Australian newspaper reported on Friday. Marape met with Santos CEO Kevin Gallagher and Oil Search CEO Peter Fredericson in Port Moresby […]

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Invictus Energy Provides Cabora Bassa Project Update, Zimbabwe

Invictus Energy has  provided an update on the activities of its 80% owned and operated CaboraBassa Project in Zimbabwe. Seismic Campaign Update The CaboraBassa 2021 seismic survey (“CB21 Survey”) campaign is progressing well with 220km of data recording and 240km of layout completed to date. The data quality and density being acquired from the CB21 […]

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Dana Gas’s KRI and Egypt collections almost doubled in 9 months

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company announces that its 9M 2021 collections from the Kurdistan Region of Iraq (KRI) and Egypt have increased 102% year-on-year to $256 million (AED 938mm) from $127 million (AED 466mm) in the same period the previous year. Dana Gas, which owns a 35% […]

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BW Energy consolidates presence in Gabon, secures fresh operatorship License

BW Energy said it has been provisionally awarded operatorship of two blocks in the 12th Offshore Licensing Round in Gabon. The award by the Direction Generale des Hydrocarbures (DGH) in Gabon is subject to finalising the production sharing contracts (PSC) with the DGH. The two blocks, G12-13 and H12-13, are adjacent to BW Energy`s Dussafu licence offshore Southern Gabon. The blocks cover an area of 2,989 […]

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Eni, ANPG and Sonangol sign pact on renewable energy in Angola,

In the occasion of the recent meeting held between the President of the Republic of Angola JoãoGonçalvesLourenço and the CEO of Eni Claudio Descalzi, Eni Angola, ANPG and Sonangol, a Memorandum of Understanding (MoU) for the joint development of the agro-biofuel sector in the country has been signed. Under the MoU, Eni, ANPG and Sonangol […]

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Senegal´s Oil & Gas Sector Gears Up for 2023 Production – By Miguel Artacho

Since the discovery of large-scale oil and gas discoveries took place in the offshore waters of Senegal between 2014-2017, the country has been abuzz in terms of how this vast new hydrocarbon wealth will impact the Senegalese economy, making it more competitive and accelerating the pace of the country´s long-term economic development objectives as stipulated […]

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Mauritania to Embrace Massive Green Hydrogen with Chariot, a World Class Transition Energy Company

The Government of Mauritania, through the Ministry of Petroleum, Mines & Energy and Chariot, the Africa focused transitional energy company, have signed a Memorandum of Understanding (MoU) to progress a potential green hydrogen development, denominated as “Project Nour”, of up to 10GW. Project Nour has been given exclusivity over an onshore and offshore area totalling […]

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Nigeria OML 11: The Litigation and Acquisition of the prolific oil well

The legal battle between The Nigeria National Petroleum Corporation (NNPC) and Shell Nigeria – the later quest to regain the operator of Oil Mining Licence (OML) 11 is far yet to be over. The recent Appeal court judgment on the prolific oil well was never palatable to Nigeria exploration and production giant. But reverse is […]

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