Following the devastating floods that have hit Libya last week as a result of storm Daniel, Eni, in cooperation with the Libyan National Oil Corporation (NOC)’s emergency committee, has mobilized the provision of supplies, rescue teams, and critical equipment to support the people affected by the disaster. So far, Eni has supplied medicines and medical […]
Capricorn Energy, the Egypt-focused oil and gas Production Company, has announced that the detailed operational update presentation on its Egypt assets will be held in London on 30 November 2023. The update will outline the Company’s commitment to its business in Egypt and include the outcome of the recently commissioned new reserves report, an up-to-date […]
Owing to the current political situation in Sudan, Wild Petroleum said it is unable at the present time to sign a Production Sharing Agreement (PSA) with the Sudanese government (OEPA). The Company therefore intends to sign a service agreement with the Sudanese government within the next few weeks with a view to increasing oil production […]
SDX has announced that it has entered into a non-binding HoT with DMA, its largest offtaker, to prepay for SDX’s gas deliveries in Morocco. The initial terms of the agreement envisage draw down of c. $2 million by the end of September 2023. These funds are planned to be used towards the drilling costs of the KSR-21 well. A […]
SDX Energy plc said that it has commenced drilling the Ksiri-21 (“KSR-21”) well in Sebou Central of the Gharb Basin, Morocco. The vertical development well will be drilled to a planned total depth of approximately 1,950 metres. Using existing 3D seismic, the well is targeting a well-defined prospect within the main Hoot formation, which is the main producing sand in the area. SDX has drilled over 20 production wells in the same […]
Orrön Energy AB has disclosed that the Prosecutor’s claim for forfeiture of economic benefits has been increased and now amounts to SEK 2,381,300,000. The Company, which strongly disputes both the methodology used by the Prosecutor and the amount of the claimed forfeiture, does not see any circumstances in which the claim for forfeiture could become payable as there is no legal basis for this claim and no grounds […]
Neptune Energy has kicked off drilling operations at its operated Yakoot exploration well, located in the North West El Amal Concession in the southern Gulf of Suez, Egypt. It is the first operated well to be drilled by Neptune in Egypt. The operation is being carried out with the ADM-8 rig, operated by ADES, and […]
Cheiron said that it has made a new oil discovery in the Geisum and Tawila West in the Gulf of Suez. Cheiron (through its PICO GOS affiliate) holds a 60% working interest and operatorship in the Concession, with Kufpec holding the remaining 40% interest. The field operations are managed by the PetroGulf Misr Joint Operating […]
TWMA a drilling waste management specialist has been awarded a contract worth up to $15 million to support a large-scale oil and gas project for bp in Egypt. The company will employ its award-winning RotoMill drill cuttings processing technology to process all drilling waste generated from bp’s WND & END exploration and development project in […]
Saipem has been awarded a new contract by Mellitah Oil & Gas B.V. Libyan Branch, a consortium formed by National Oil Corporation of Libya and Eni North Africa, for the development of the Bouri Gas Utilisation Project (BGUP), worth approximately 1 billion USD. Saipem will undertake revamping of the platforms and of the facilities of the […]
