Bowleven updates Cameroon operations

Nov 9, 2018

Bowleven, the Africa focused oil and gas exploration group traded on AIM, has announced its preliminary results for the year ended 30 June 2018. HIGHLIGHTS Operational Etinde, offshore Cameroon Ongoing operator evaluation of development options, including scope for early-stage development plans that align with the Government’s preferred offtake solutions. Two carried appraisal well locations agreed…

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Eni, Sonangol agree expansion of Block 15/06 perimeter, off Angola

Nov 9, 2018

Eni and Sonangol have signed an amendment of the Block 15/06 Production Sharing Contract which defines the new perimeter of the block, now covering an additional area of 400 km2 on the west side. This is in line with Eni strategy to increase exploration activities in the country, chasing opportunities nearby the existing producing hubs. Following the discovery of Kalimba 1…

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Africa sees oil boom on drilling expansion across continent

Nov 9, 2018

Africa is finally seeing the benefits from the recovery in crude prices as companies ramp up drilling from Algeria to Namibia. The rigs are returning and wildcatters are getting excited again after a years-long hiatus during the oil-price slump. From majors like Total SA to independents like Tullow Oil Plc, companies are snapping up exploration…

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African Petroleum looking for arbitrator in Senegal case

Nov 9, 2018

African Petroleum (AP) is looking for an alternative arbitrator for its arbitration proceedings in Senegal after a potential conflict was identified for its previous nominee. The Senegalese government has not appointed an arbitrator either. It would be recalled that AP registered a request for arbitration proceedings with ICSID on July 11, 2018 to protect its…

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Ghana approves state oil firm as partner for Exxon in deepwater field

Nov 9, 2018

Ghana has approved state-owned company GOIL as minority local partner for Exxon Mobil’s deepwater offshore oilfield, Energy Minister Peter Amewu said on Wednesday. The West African nation is receiving “huge interest” from international and local oil companies after the government launched its first bidding rounds for offshore blocks last month, Amewu told reporters. Exxon Mobil…

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Eni and Total collaborate on exploration off Algeria

Nov 9, 2018

Italian energy company Eni and its French peer Total have signed a deal to jointly explore for oil and gas in Algeria. The duo signed a deal with state-owned Algerian energy company Sonatrach to pursue offshore exploration in the country while working together on exploration permits. “Together with Sonatrach and Total, we will have the…

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Tower Resources signs fresh Namibia Petroleum Agreement

Nov 9, 2018

Tower Resources has signed a new Petroleum Agreement (‘PA’) with the Government of the Republic of Namibia covering an 80% operated interest in Blocks 1910A, 1911 and 1912B, offshore Namibia, together with the National Petroleum Corporation of Namibia (‘Namcor’) (10%) and ZM Fourteen Investment CC (10%). Highlights: Blocks 1910A, 1911 and 1912B cover 23,297 km2 in the Walvis Basin and Dolphin Graben…

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Republic of Congo greenwashing efforts exposed at Africa Oil Week – Greenpeace

Nov 8, 2018

Greenpeace Africa (www.Greenpeace.org) blew the whistle today on the Republic of Congo’s most recent greenwashing campaign by exposing its plans to tender three oil blocks in the heart of newly-discovered peatlands that Environment Minister Arlette Soudan-Nonault has vowed to protect. Four peatland oil blocks are already under allocation, awaiting development. Tendering for the “Licence Round Phase…

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Madagascar launches oil licensing round

Nov 8, 2018

Madagascar, through state-run firm OMNIS, will be promoting its oil and gas potential to attract new investment in the sector. The state-run firm worked with TGS and BGP to create an attractive environment for offshore exploration. The announcement was made by Voahangy Nirina Radarson, Director General of OMNIS on November 6 at the NOC Prospect…

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Vaalco Energy prepares for Equatorial Guinea push

Nov 8, 2018

Vaalco Energy is in talks with the Equatoguinean government to resume work in offshore Block P next year, the US-based independent announced late on Wednesday. Vaalco acquired a 31% stake in Block P in 2012 and was to assist operator GEPetrol (58.4%) closely alongside partners Atlas Petroleum (5.6%) and Crown Energy (5%), but plans to…

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