On 19 January 2021 the FAR group executed a Sale and Purchase Agreement with Woodside in relation to FAR’s Senegal RSSD asset. Formal completion of the sale took place on 6 July in Senegal and monies were received by FAR in Australia on 7 July. As consideration for the sale Woodside has paid FAR US$45 […]

Operational and logistics planning for the drilling of the Bambo-1 well in offshore Block A2 are well advanced and the IceMax drillship is scheduled to be in Las Palmas in late October to complete preparations and loading before mobilising to The Gambia. FAR has been advised that the spud date for the Bambo-1 well is […]

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. […]

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 […]

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 […]

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 […]

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% […]

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 […]

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 […]

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 […]