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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.
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.
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.
The company said June 6 that the Amdigh-1 well, located in the R3/R4 area, encountered an estimated 22 m (72 ft) of net oil-bearing reservoir sandstones in the E1 and E2 reservoir units within the primary Eocene Sokor Alternances objective.
Golar LNG said it had started commercial operations at a pioneering floating liquefied natural gas (FLNG) production platform in Cameroon, $70 million under budget.
Ghana’s energy ministry said in May that it would award nine new upstream oil blocks for commercial exploration off its coast beginning this year.
Kenya will start the small scale export of crude oil from its fields in the far northern county of Turkana in June after an agreement on how to share the revenue, averting delays, the presidency said on May 19.
SDX Energy Inc. (TSXV, AIM: SDX) announced on May 18 the positive results of the well test conducted on the Ibn Yunus 1X well following the recent conventional natural gas discovery at South Disouq, Egypt.
South Sudan's officials also agreed with their visiting Sudanese counterparts to "evaluate and assess the damage" to South Sudan's oil fields in the Heglig area in the country's north.
Chariot Oil & Gas Ltd. has secured the Ocean Rig Poseidon, a sixth generation deepwater drillship to drill one firm and one optional well, the company said on June 4.
Tullow Oil has awarded an engineering design contract for oil production in its northern Kenyan blocs to Australia’s Worley Parsons, a Kenyan petroleum ministry official told Reuters on May 29.
Total (NYSE: TOT) and Sonangol have taken the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 150 km (93 miles) offshore Angola, the company said on May 28.
The agreement outlines the high-level commercial terms for Alen natural gas to be processed through Alba Plant LLC's Liquefied Petroleum Gas plant and EGLNG's LNG facility, both located in Punta Europa.
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.
In parallel with the FEED, the consortium will finalize plans to secure access to some $184 million of development capital that will be required to fund the project.
A pioneering LNG project in Equatorial Guinea, bogged down by delayed financing, ran into further trouble after U.S. oil services company Schlumberger pulled out of the venture.
Calima receives 56% interest and operatorship.
A Nigerian civil rights group launched a legal case on May 8 aimed at forcing the government to revoke a disputed 2011 oilfield deal at the center of a string of international corruption investigations.
Egypt aims to increase its gas production from newly discovered fields, which include the mammoth Zohr asset discovered by Italy’s Eni in 2015.