Oil & Gas

Vitol, Mozambique’s ENH form LNG trading JV

Sep 18, 2019

Global energy trader Vitol and Mozambique’s state oil firm ENH have launched a trading joint venture called ENH Energy Trading, Vitol said on Tuesday, to focus on liquefied natural gas (LNG), liquefied petroleum gas and condensate. The new entity will be incorporated and based in Singapore. ENH will hold a 51% stake, while Vitol will…

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Libya has restored storage capacity at Ras Lanuf terminal – NOC

Sep 18, 2019

Storage capacity at Libya’s key 220,000 b/d Ras Lanuf oil terminal has increased following renovation work, state-owned National Oil Corporation said late Tuesday, after a number of storage tanks were destroyed by Islamic State militants in January 2016. “This will help prevent forced oil field shutdowns, especially during winter weather which can disrupt port operations,”…

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SDX Eenergy announces successful MSD-19 well in Egyptian concession

Sep 18, 2019

AIM-listed SDX Energy, the North Africa focused oil and gas company, has announced that the MSD-19 development well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator) has encountered a commercial oil accumulation. The well was drilled to a total depth of 4,665 feet and encountered approximately 135 feet of net heavy oil pay across…

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Europa Oil & Gas announces award of large exploration licence offshore Morocco

Sep 18, 2019

Europa Oil & Gas has been awarded the Inezgane Offshore Permit covering an area of 11,228 sq km in the Agadir Basin, offshore Morocco.  A formal letter of award from the Office National des Hydrocarbures et des Mines (‘ONHYM’) is expected shortly and, following confirmation of its acceptance, Europa will be assigned a 75% interest…

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USTDA provides support for Guinea’s LNG ambitions

Sep 17, 2019

The USTDA has issued a grant to West Africa LNG Group Guinea SA (WA-LNG) for a feasibility study to assess the economic, financial and technical viability of a potential LNG receiving terminal and distribution network near the Port of Kamsar in the Boké region of Guinea. The study, which will be conducted by Plum Energy…

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Eni fires up new gas field off Egypt

Sep 17, 2019

Eni announces the successful commissioning and start-up of production of the offshore Baltim South West gas field in Egypt. Discovered by Eni in June 2016, the field goes on-stream in a record time, just 19 months after the final investment decision (FID) was approved in January 2018. This result further confirms the success of the strategy…

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Vaalco Energy announces commencement of the 2019/2020 drilling campaign at Etame field, off Gabon

Sep 16, 2019

VAALCO Energy has commenced its 2019/2020 drilling campaign and spud the Etame 9P appraisal wellbore at the Etame field offshore Gabon.  Drilling of the Etame 9P appraisal wellbore is expected to take approx. four weeks, after which the Company will commence drilling the Etame 9H development well targeting the Gamba reservoir.  The objective of the Etame 9P appraisal wellbore is to test…

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Uganda announces second licensing round

Sep 16, 2019

The Government of the Republic of Uganda through the Ministry of Energy and Mineral Development Uganda has announced Uganda’s Second Licensing Round. The round includes 5 blocks in the Albertine Graben – Avivi, Omuka, Kasuruban, Turaco and Ngaji covering 1026km2, 750km2, 1285km2, 635km2 and 1230km2 respectively. Roadshows are being held in London, Houston and Dubai on October 14, 17 and…

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Savannah Petroleum reports the signature of the Niger-Benin pipeline transportation convention

Sep 16, 2019

Savannah Petroleum, the British independent oil & gas company focused around activities in Niger and Nigeria, has noted the signature on 15 September 2019 of a Transportation Convention between China National Petroleum Corporation (‘CNPC’) and the Republic of Niger in relation to the planned crude oil export pipeline from the Agadem Rift Basin (‘ARB’) to the…

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DR Congo President meets with Eni CEO

Sep 15, 2019

The President of the Democratic Republic of Congo, Félix Tshisekedi, met Eni’s Chief Executive Officer Claudio Descalzi yesterday in Kinshasa. During the meeting the parties discussed the possibility of developing initiatives aimed at the conservation of large areas of primary forest, in accordance with the United Nations REDD + protocol, in order to preserve and…

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