Bidding round results show some companies are still willing to spend money on exploration despite falling profits and cost cuts.
ENI and Mellitah Oil and Gas will award a contract for the gas gathering system for the Bahr Essalam phase 2 development in Block NC41 offshore Libya before year-end.
Egypt's state gas company EGAS said in a statement it had awarded one license to Britain's BP and one to Italy's Edison. A consortium involving BP and Eni's Egyptian subsidiary had also picked up a block as had another consortium involving Eni, BP and France's Total.
Apache Corp. said it has an exploration success rate of 78% in Egypt.
The discovery well, Zohr 1X NFW, was drilled to a total depth of about 4,131 m and hit 630 m (2,067 ft) of hydrocarbon pay.
Anadarko Petroleum has decided to terminate its charter of the Dolphin Drilling drillship Belford Dolphin in September this year, with the unit currently working for the operator off east Africa’s Mozambique.
The battle to win the contract to design and build a world-class FLNG unit to be used by Eni and its partners on a mega-gas project offshore Mozambique is coming to the boil.
Various subsea equipment will be delivered throughout 2015 and 2016.
UK independent Sterling Energy has had the exploration period for two frontier blocks northwest of Madagascar extended.
The contract is for a firm charter period of 15 years with five yearly extension options exercisable by the client.
Maersk Oil has agreed to pay future contingent payments of up to US$480 million to Africa Oil for the Lokichar Project in northern Kenya and southern Ethiopia.
If an expert's calculation is implemented, it would reduce Statoil’s equity interest in the field from 20.21% to 15.04%, the company said in a news release.
The well, drilled in a water depth of 38 m (125 ft), encountered a major gas and condensates buildup in the presalt clastic geological sequence of lower Cretaceous age, crossing a hydrocarbon column of 240 m (787 ft), the release said.
Agreements include search for oil and gas in the Mediterranean, Nile Delta, Western Desert and Gulf of Suez. Deals were initially mooted at investment conference earlier this year, Reuters said.
The minimum work program includes seismic and three commitment wells, the release said.
Libya’s National Oil Corp. has declared force majeure on the port after guards there said they would only allow tankers registered with the country’s recognized government in the east to load crude.
BP, which has cut future investment budgets by up to a third to $17-19 billion a year due to weak oil prices, said it would likely sanction the Atoll project next year.
The announcement comes as Rosneft, the world's top listed oil producer by output, is under western sanctions over Moscow's role in the Ukraine crisis.
The company stopped drilling offshore South Africa last year after having mechanical problems with its rig during high winds and rough seas in the Outeniqua Basin, Reuters said.
Africa-focused oil explorer and producer Tullow Oil expects its TEN fields development in Ghana to start producing oil next year and deliver significant cash flow, the company's vice president for Africa said Oct. 27.
Statoil is training its sights on eastern and southern Africa as it looks to develop its global exploration portfolio and has taken stakes in blocks off Mozambique and South Africa.
Ophir Energy, busy pushing on with its pioneering Fortuna FLNG Block R project offshore Equatorial Guinea, expects to have farm-in deals done with potential new partners before it takes a final investment decision mid-2016.
Statoil is planning a slimmed down version of its Snøhvit subsea-to-beach development in the Barents Sea to tap the 620bcm of gas it has discovered off Tanzania.
BP and RWE Dea have finalized agreements for the $12 billion West Nile Delta project, offshore Egypt, which will cover development of 140 Bcm and 55 MMbbls of condensate.
Total's deep export production treatment hub (DEPTH) program focuses on deepwater gas and has a number of elements that include an all-electric production system.
The Africa-focused oil company also trimmed its full-year production forecast from its West African fields to 66,000-67,000 barrels of oil per day (bbl/d), down from 66,000-70,000 bbl/d previously.
Soco spokesman said company decided not to renew its license at the end of its contract with the Congolese government, Reuters reported. Block V lies partially in Virunga National Park.
Findings in a 38-page report were based on research conducted in Boobanabe, Bomu Manifold, Barabeedom swamp and Okuluebu areas of the delta’s Ogoniland region between July and September, Reuters reported.
Mines, Industry and Energy Minister Gabriel Obiang Lima said sale of Hess Corp.'s producing offshore assets to foreign bidders wouldn’t be approved. Hess operates Ceiba and Okume fields, Reuters reported.
Gabon is offering five deepwater fields as the country aims to boost exploration,