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Sonatrach and its foreign partners started production from several gas projects during the last few months.
The small Canadian company with just over a dozen employees and no producing assets is focusing on near-term high-impact exploration as the industry recovers from a market downturn.
By tying the subsea wells to shore via a subsea gathering system, capable of handling about 57 MMcm/d (2 Bcf/d) of gas, Anadarko and partners will help put Mozambique on the map as a global LNG supplier.
Analysts consider Marathon Oil’s Libya sale a positive with proceeds possibly being used for bolt-on acquisitions in the Delaware Basin.
Egypt’s oil minister Tariq al-Mulla said the country will set some conditions before approving Israeli gas imports.
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.
SDX Energy Inc. has discovered gas at its Ibn Yunus-1X exploration well at South Disouq, Egypt.
Ghana will launch its first exploration licensing round in the last quarter of this year offering about six offshore blocks, deputy energy minister Mohamed Amin Adam said.
The Timimoun production complex has a capacity at plateau of around 5 MMcf/d of natural gas, or around 30,000 boe/d, the French oil major says.
Algeria plans to offer tax incentives in a planned new energy law to attract more investment and is in discussion with foreign energy firms including BP (NYSE: BP) and Anadarko Petroleum Corp. (NYSE: APC) to exploit its shale gas reserves, officials said on March 25.
Shell, GT Bank Agree To Oil-Backed Loan for Nigerian oil and gas producer.
BW Offshore said April 9 that it has successfully drilled and completed its first development well, DTM-2H, located in the Tortue field, within the Dussafu license, offshore Gabon.
Seven firms have submitted bids to buy a majority stake in Zambia's sole 24,000 barrel per day Indeni Petroleum Refinery, an executive at the agency handling the bidding said on March 17.
The terms of loan will give Shell Western Supply and Trading sole access to the 16,000 barrels per day of oil the company pumps in two fields off Nigeria’s oil-rich Delta region.
SDX Energy Inc. has discovered oil at its Rabul 5 well in the West Gharib Concession in Egypt.
Operations are expected to take approximately 50 days.
Golar LNG said on March 12 it had started production at its floating LNG (FLNG) platform in Cameroon, the world's second working example of the nascent technology and a milestone likely to boost its Fortuna project in Equatorial Guinea.
Nigeria has moved closer to turning an oil industry bill into law after a 17-year struggle to complete the legislation that aims to increase transparency and stimulate growth in the country’s oil industry.
The project will initially develop the Tortue discovery; however, there are several other smaller discoveries and more than a dozen prospects nearby that could add upside to this Atlantic Margin presalt play.
The ship is scheduled for integration of its six topsides at Tarkwa Bay in Lagos, Nigeria. Failing to reach an agreement with the NPA would reduce Nigerian content in the project and erode confidence about its viability.
Discovering new resources is essential for oil firms to grow and to offset natural decline of fields. But deepwater exploration requires money, time, expertise and luck.
Subsea 7 SA said April 10 it has been awarded a contract by Mobil Producing Nigeria Unlimited for the Production Uplift Pipeline Projects in shallow water, offshore Nigeria.
Dutch prosecutors confirmed they had received the complaint against Peter Robinson, a former vice president for sub-Saharan Africa.
Under the current legal framework, the Gabonese state holds a minimum 20% stake in oil projects. The state oil company has the right to a stake of up to 15%.
The U.S. placed sanctions on 15 South Sudanese oil-linked operators it said were substantial sources of revenues for the government, aimed at choking off war funds.
Some workers returned to the field on March 7, but on March 8 others were still absent and the field’s operations had yet to resume, an engineer at the field said.