Zenith Energy, has announced that Zenith Energy Africa Limited, its fully owned subsidiary, has now completed the acquisition of a 100 percent interest in the fully owned subsidiary of Candax Energy in Barbados, Ecumed Petroleum Zarzis Ltd (‘EPZ’), which holds a 45% interest in the Tunisian onshore Ezzaouia Concession. Pursuant to the terms of the […]
Shelf Drilling, Ltd has announced that it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (“Petrobel”) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following […]
Shell’s recent sale of onshore assets in Egypt helps bring the European major closer to its $4 billion divestment target for the year, but it also supports the buyer. Working to achieve a net zero target by 2050, UK-based Cairn Energy acquired Shell’s stake in producing gas assets in the Western Desert, while offloading its […]
South Sudan has started to operate its Bentiu’s oil refinery in Unity State, with a capacity to refine 10, 000 barrels per day (bpd), the deputy managing director of the firm that built the refinery said. Bentiu’s refinery is a joint venture by Russia’s Safinat and the state-owned Nile Petroleum Corporation (Nilepet). The refinery which was […]
Eni has announced that it has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy that will restart the Damietta liquefaction plant in Egypt, settle Union Fenosa Gas and SEGAS’s outstanding disputes with […]
Saipem has been awarded a Consultancy Service Contract by Libya National Oil Corporation (NOC) for the development of the Benghazi Oil Technical Center (BOTC). The integrated specialized Technical Center will be established in the Mreisa Free Zone, 25 kilometers from Benghazi and designed with best-in class facilities and technologies to serve the Libyan oil and […]
Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert for a base consideration of US$646 million and additional payments of up to $280 million between 2021 and 2024, contingent […]
United Oil & Gas has provided an update on the drilling of the ASH-3 well in the Abu Sennan concession, onshore Egypt. United holds a 22% non-operating interest in Abu Sennan, which is operated by Kuwait Energy Egypt. Highlights Total of 27.5m net pay interpreted over a 59m gross section in the targeted Alem El Buieb (AEB) reservoir Initial […]
Chariot Oil & Gas, the Africa focused transition energy company, has signed a Collaboration Agreement with Subsea Integration Alliance to work together to enable the front-end design, engineering, procurement, construction, installation and operation of the Anchois Gas Development project in Morocco. Subsea Integration Alliance is a nonincorporated strategic global alliance between Subsea 7 and OneSubsea®, the subsea technologies, production, and processing […]
The first LNG cargo from the Damietta liquefaction plant in Egypt was successfully produced and lifted. This is the first LNG cargo produced by the terminal after it was shut down in 2012. Such event represents an important milestone in the process to complete the agreement reached on December 1st 2020 aimed at settling all […]
