Sound Energy provides further update on TE-10 well in the Greater Tendrara permit, Morocco

Jan 7, 2019

Sound Energy, the Moroccan focused upstream gas company, has announced a further update on the Company’s TE-10 exploration well following the identification of gas bearing sands within and below the currently mapped TAGI structural closure, which potentially materially de-risks the stratigraphic upside in North East Lakbir in the Company’s Greater Tendrara licence area. The North…

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South America and Africa continue to lead global planned FPSO deployments

Jan 4, 2019

Globally 71 FPSOs are expected to start operations by 2025. South America will continue to lead globally with planned deployment of 31 FPSOs, followed by Africa and Europe with 16 and seven FPSOs, respectively by 2025. Among countries, Brazil continues to dominate in terms of deployment of planned and announced FPSOs, followed by Australia, Angola…

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OPEC production slash causes Angola’s oil production to fall

Jan 3, 2019

At least 1.2 million barrels of oil will no longer be produced by OPEC and non-OPEC member countries starting on 1 January in a joint effort that has been made since 2016 to balance crude oil prices on the international market. The decision for this second cut in production, which is set at 3.02% for…

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Rockhopper Exploration provides Egypt operations update

Jan 3, 2019

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following operational and corporate update in relation to its Egyptian portfolio. Current production from the Abu Sennan concession is approximately 3,800 barrels of oil per day (“bopd”)…

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WAPCo not considering pipeline expansion across W. Africa now – GM

Jan 2, 2019

Harriet Wereko-Brobby is the General Manager Corporate Affairs, West African Gas Pipeline Company Limited (WAPCo). In a recent interview with journalists, she speaks on the demand for Nigeria’s gas in West Africa and the successes of WAPCo in the region, among other issues. On the possible extension of the pipeline she said; “We have noted…

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Libya’s NOC, BPMC send second fuels convoy south

Jan 2, 2019

National Oil Corporation (NOC) and the Brega Petroleum Marketing Company (BPMC) announce the departure of a second fuel convoy on December 26, 2018, of 113 trucks carrying 3.94 million liters of vehicle fuel, 2.6 million liters of diesel, and 80 metric tons of cooking gas from Misurata to the Sebha distribution center in southern Libya.…

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Libya’s NOC and Algeria’s Sonatrach discuss budgets

Jan 2, 2019

National Oil Corporation (NOC) and Sonatrach, the state-run firms of Libya and Algeria, respectively, met to discuss joint activities and balance sheets for 2018 for Blocks 65 and 95/96 in the Ghadames basin. The budget for 2019 covering the two blocks was also part of the discussion. The parties also discussed a report evaluating the…

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Sound Energy provides preliminary results on TE-10 well in Greater Tendrara permit

Jan 2, 2019

Sounde Energy, the Moroccan focused upstream gas company, announced December 27 the preliminary results of intermediate wireline logs at TE-10, which indicate the presence of gas bearing sands in the TAGI. James Parsons, Chief Executive Officer of Sound Energy, commented: ‘These positive initial results underscore our confidence in the exploration potential across the broader basin.…

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Fresh land wrangle threatens proposed Kampala oil terminal in Uganda

Jan 2, 2019

The planned construction of the Kampala Oil Terminal has suffered a setback as a result of a fresh land conflict pitting the government against one Gideon Kabuye Kirumira. The land, measuring 299 acres in Kiringente Sub County, Mpigi district, was identified in 2007 as a strategic location for storage of petroleum products. The terminal is…

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Kenya govt on the spot over cooking gas supply tender to private firm

Jan 2, 2019

The Kenyan government is on the spot for ceding the importation of liquefied petroleum gas to a private company, something that has made efforts to make cooking gas affordable and accessible to the majority come to naught. Despite implementing fiscal policies, subsiding cylinders and going to the extent of launching a cooking gas programme to…

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