Airtel Africa, a leading provider of telecommunications and mobile money services, with a presence in 14 countries across Africa, today announces the signing of agreements to sell its telecommunications tower companies in Madagascar and Malawi to Helios Towers plc, a leading independent telecommunications infrastructure company in Africa. The Group’s tower portfolios in these two markets together […]

The blockade caused by the grounding of a large container ship in Egypt’s Suez Canal — halting marine traffic through one of the busiest and most important waterways in the world — could have a major impact on the liquefied natural gas (LNG) market if prolonged, according to an analyst at Wood Mackenzie. The ship, called Ever Given, ran […]

Neptune Energy has announced the safe and successful installation of four Enhanced Horizontal Subsea Tree Systems (EHXT) for the Duva development project in the Norwegian sector of the North Sea. The installation was carried out by a vessel instead of a rig, reducing installation time, costs and operational emissions.     The Duva development, on […]

The well testing programme of the exploration well Thameen-1 on Block 49 has been completed. No flows were recorded at surface, but down hole fluid samples were collected. The well will be suspended to allow re-entry at a later date after further evaluation has been carried out. Thameen-1 was drilled to its final total depth […]

Masirah Oil Limited has announced the spudding of Zakhera 1 well on 21 February 2021, which is being drilled by the Shelf Drilling Tenacious jack-up rig that has been moved from the Yumna Field, following the completion of the two new additional production wells, Yumna 2 and Yumna 3. The Zakhera prospect is located about […]

Noble Corporation   and Pacific Drilling Company LLC  have  announced that they have entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. The definitive merger agreement was unanimously approved by each company’s Board of Directors. The transaction has also been approved by a majority of Pacific Drilling’s equity […]

Equinor and partners Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the Norwegian continental shelf (NCS). Preliminary estimates place the size of the discovery between 12 and 19 million standard cubic metres of recoverable oil equivalent, corresponding to 75-120 million barrels of recoverable oil equivalent. “The […]

PEMEX has announced the discovery of a new giant oil field called Dzimpona -1, in the state of Tabasco, whose initial volume is estimated between 500 and 600 million barrels of crude oil equivalent. This was disclosed at the ceremony for the 83rd Anniversary of the Petroleum Expropriation headed by the president of Mexico, Andrés […]

The Board of Directors of Royal Dutch Shell has announced the appointment of Sir Andrew Mackenzie as the new Company Chair with effect from the conclusion of Shell’s 2021 Annual General Meeting, scheduled for May 18, 2021. Andrew will succeed Chad Holliday who will step down on May 18 having served as Chair for six […]

Equinor and partners Vår Energi and Petoro have struck oil in exploration well 7220/7-4 in production licence 532 in the Barents Sea. Recoverable resources are so far estimated at between 5 and 8 million standard cubic metres of recoverable oil, corresponding to 31 – 50 million barrels of recoverable oil. “Succeeding in the Barents Sea […]