BP today announced gas production from Raven field, the third stage of its major West Nile Delta (WND) development off the Mediterranean coast in Egypt. The approximately $9 billion WND development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea. bp and its partners, working […]
Zenith Energy,the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has made a binding offer to wholly acquire a company holding a 100% interest in two hydrocarbons production and development concessions in Tunisia, which has now been accepted. Terms The Offer is represented by a […]
Sonatrach, Algeria’s national energy company, has terminated the contractual interest held by the U.K. company Sunny Hill Energy through its wholly owned subsidiary Petroceltic Ain Tsila in the Ain Tsila gas field in southeast Algeria. Sunny Hill Energy has invested hundreds of US$ millions in the project. Sonatrach has offered no compensation in relation to […]
United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following reserves update on the Abu Sennan concession, onshore Egypt. United Oil & Gas holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. Highlights: Independent reserves […]
In Libya, members of Petroleum Facilities Guard (PFG) threatened to halt oil exports from Sharara, the country’s largest oil field with a current production capacity of 280,000 barrels per day. According to information provided by the argus media on 8 April, the armed militia explained this decision by not paying salaries related to the provision […]
United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets, offers a quarterly production update for the first quarter of 2021. United’s Q1 2021 net working interest production averaged 2,520 boepd (2,053 bopd oil and 467 boepd gas), slightly above the previously provided guidance for H1-21 […]
Zenith Energy the listed international oil & gas production company focused on pursuing African development opportunities, has announced that its wholly owned subsidiary Zenith Energy Netherlands B.V. has signed an extension agreement in respect of the conditional sale and purchase agreement it signed with KUFPEC (Tunisia) Limited, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of […]
The ASD-1X exploration well, located 12km to the north-east of the producing Al Jahraa Field, safely reached its projected depth several days ahead of schedule and under budget. United Oil and Gas has announced that it achieved a positive outcome in its drilling of the ASD-1X exploration well in the Abu Sennan concession. Preliminary results suggest […]
The Algerian National Hydrocarbons Company SONATRACH and Shell International Trading and Shipping Company Limited on Thursday signed a memorandum of understanding, which provides a framework for companies to explore means of cooperation on the supply and trading of hydrocarbons, said a statement from SONATRACH. “SONATRACH and Shell International Trading and Shipping Company Limited signed a […]
The Chief Executive Officer of Eni, Claudio Descalzi, and the President General Manager of the Algerian state company SONATRACH, Toufik Hakkar, have met recently at the Eni headquarters in San Donato Milanese to take stock of common activities and sign various agreements in the exploration and production, research and development, decarbonisation and training fields. These […]
