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Uganda’s government is pushing to join “middle income” status, but success hinges on tapping into the crude oil in its Lake Albert Basin.
The company seeks to become the fifth largest NOC in the world by 2030, but can it be?
The company is intensifying efforts to deploy technologies at brownfields and greenfields in an effort to raise stagnant oil and gas production, according to its CEO.
Pascal Houangni Ambouroue, the Gabonese minister of petroleum, spoke to Hart Energy about the country’s focus on encouraging investment in Gabon’s unexplored offshore reserves.
Sonatrach and its foreign partners started production from several gas projects during the last few months.
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.
ExxonMobil Namibia, an affiliate of Exxon Mobil Corp., has entered an agreement with Namibian explorer Azinam Ltd. to acquire a 30% interest in petroleum exploration license (PEL) 44 offshore Namibia, according to a news release.
Oil major Total (NYSE: TOT) will maintain operatorship of the block with a 60% ownership, Petronas said in a statement.
Savannah Petroleum Plc makes an oil discovery at its Kunama-1 exploration well in Niger, the company said July 11.
The well has been opened to production in the Dessouky sandstones and delivered 5,130 barrels of oil per day of light oil (37° API) with low associated gas.
Egypt’s cabinet approved the $105 million deal to explore the North Sinai region of the Mediterranean Sea in March.
Ghana’s President Nana Akufo-Addo replaced his sacked energy minister on Aug. 9 in a reshuffle that still maintained the West African country's high number of ministers—110 in total.
Savannah Petroleum’s subsidiary Savannah Niger has signed a legally binding memorandum of understanding (MOU) with the Republic of Niger, the company said on Aug. 8.
Libya’s eastern Attahadi gas field stopped production on Aug. 2 due to power cuts, said an official at Sirte Oil, which operates the field.
Royal Dutch Shell and its partners will decide next year on whether to go ahead with the development of Nigeria’s Bonga Southwest offshore oil field, a senior company official said July 31.
The Kaombo Norte FPSO was successfully brought onstream and will produce an estimated 115,000 barrels of oil per day, while the second one— Kaombo Sul— is set to start up next year, Total said.
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.
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.
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.
Protesters demanding more security in Turkana began blocking trucks carrying oil from Tullow’s fields in July.
Cabinet spokeswoman Ana Comoana said the companies could now go ahead with mining operations to tap offshore oil reserves that experts say are enough to supply energy to Britain, France, Germany and Italy for over 20 years.
Press reports said Agyarko was removed because Akufo-Addo was unhappy with his handling of an agreement to extend an existing five-year deal with United Arab Emirates-based AMERI Energy to operate a 300MW emergency power plant.
Tullow is aiming for a final investment decision on its $2.9 billion Kenya project in late 2019, which would open up the country’s oil industry to exports.
A London judge had ordered Tullow this month to pay rig owner Seadrill about $254 million, saying Tullow was wrong to end the contract on the grounds of force majeure over a maritime border dispute in West Africa.