TotalEnergies a French energy giant has escaped another legal hurdle after censure of its East African crude oil pipeline in a French court was stepped down over a series of technicalities, Climate Change News reported. A group of French and Ugandan campaigners argued in court that TotalEnergies did not do enough to stop environmental and […]
Eni has announced the closing deal for the acquisition of BP business in Algeria, regarding the two gas-producing concessions “In Amenas” and “In Salah”, which are jointly operated with Sonatrach and Equinor. The transaction has been approved by the competent national and antitrust authorities. Eni has been present in Algeria since 1981. Following this operation […]
Baker Hughes an energy technology company, has been awarded a major contract to provide subsea equipment and services by Azule Energy for work in the Agogo oilfield, offshore Angola. This award represents the first major new greenfield project awarded in offshore Angola in more than five years. The scope of work includes 23 standard subsea trees, 11 Aptara manifolds, SemStar5 fiber optic controls and […]
United Oil & Gas the full-cycle oil and gas company with a portfolio of production, development, exploration and appraisal assets,has presented a positive operational activity on the drilling of the ASH-8 development well (ASH-8) in the Abu Sennan licence, onshore Egypt. United holds a 22% non-operating interest in the Abu Sennan licence, which is operated […]
Panoro Energy has announced record full-year financial performance in 2022 with revenue up 58 percent year-on-year at USD 188.6 million and EBITDA up 78 percent year-on-year to USD 126.6 million. The Company has maintained a conservative leverage profile with net debt of USD 46.8 million at year end representing a net debt to EBITDA ratio […]
Impact Oil & Gas, a privately-owned, Africa-focused, exploration company today announced the imminent commencement of a multi-well drilling programme in Namibia, following the Venus light oil discovery in Block 2913B (PEL 56). Highlights Multi-well programme in Namibia due to commence before the end of February, targeting up to four wells (including the re-entry of the […]
bp and partners have confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project that they will take forward to the next stage of evaluation. The partnership – composed of bp, PETROSEN, Société Mauritanienne des Hydrocarbures (SMH) and Kosmos Energy – will evaluate a gravity-based […]
The drilling of maiden exploration well in Zimbabwe’s Cabora Bassa basin and subsequent results have the potential to be transformative for Invictus Energy. The Mukuyu-1 well, and subsequent sidetrack, proved a working petroleum system, has validated the geological and geophysical modelling and substantially has de-risked the future exploration in the basin. Mukuyu-1 ST1 has identified […]
Egypt global quest to become Africa top oil and gas producer is seemingly unhindered; sequel to outbreak of Russian-Ukrainian war African oil and gas exploration has uptick in recent times. Egypt’s Ministry of Petroleum and Mineral Resources has stated the preparedness of his country to launch three international tenders for oil and gas exploration in 2023, as the country […]
Panoro Energy is consolidating its presence in Equatorial Guinea owing to recent award of a 56 percent participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea (pending ratification). Partners in the block will be Kosmos Energy (24 percent pending signature) and GEPetrol (20 percent). Block EG-01 borders both Block G where Panoro has […]
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