The Ghana energy minister Matthew Prempeh recently in a 10-page power-point presentation and a rambling thesis on ‘global energy transition’ presented to the country’s parliament seeks for parliamentary approval to borrow the sum of $1.6bn to buy back stakes in two offshore oil licences not yet in development. The minister expressed his initiative for Ghana […]
Africa commitment to key in with prevailing wave in global energy transition has being entrenched in Egypt developmental economy. The European Bank for Reconstruction and Development (EBRD) is now plan to boost small businesses and green investments in Egypt with a US$ 50 million loan to ONB ALAHLI, one of Egypt’s largest commercial banks. The loan, […]
Panoro and its joint venture partner Kosmos Energy have said the that production of Block G (Ceiba field and Okume Complex), offshore Equatorial Guinea, where Panoro holds a 14.25% Working Interest is averaging 29,100 bopd in the second quarter of 2021. The Okume upgrade project is expected to be completed in the fourth quarter and […]
Panoro Energy ASA is successfully progressing in its Dussafu operatios according to recent update on the Dussafu Marin PSC, offshore Gabon, where it holds a 17.5% Working Interest. This includes the Successful completion of DTM-7H, the final horizontal production well of Phase 2. High-quality oil-bearing sands were encountered in line with prognosis. Completion and tie-in […]
“We are delighted to be able to announce yet another positive result from the Abu Sennan licence,” said chief executive Brian Larkin. United Oil & Gas (LON: UOG) announced the success of its latest development well, Al Jahraa-8 (AJ-8), at the Abu Sennan concession in Egypt. The well encountered more than 40 metres of net […]
Italian oil giant, Eni has announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban – 1X well is the second well drilled in CTP Block 4, following the Akoma discovery. Preliminary estimates place the potential of the Eban–Akoma complex between 500 and 700 Mboe in place. […]
Reconnaissance Energy Africa Ltd. and its joint venture partner NAMCOR (the state oil company of Namibia) have announced successful completion of drilling operations of the second stratigraphic test well (6-1) in the Kavango basin of NE Namibia. The 6-1 well is now being prepared for wireline logging. Multiple logging runs will be made and up […]
Nigeria and International Oil Companies in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) are are eyeing over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed at the NNPC Towers. The agreements, which are part of the Corporation’s gas commercialization programme involve Total Exploration and Production Nigeria […]
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 of the longstop date in respect of the conditional sale and purchase agreement it signed with KUFPEC (Tunisia) Limited, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company […]
Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that, it is in advanced exclusive discussions with ExxonMobil Corporation with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon. The Proposed Acquisition would […]
