Oil & Gas

Anglo African Oil & Gas begins well re-entry operations at Tilapia field, Congo

Sep 12, 2019

Anglo African Oil & Gas has announced that well re-entry operations have now commenced at the Tilapia site in Pointe Noire in preparation for drilling the TLP-103C side track, nominated TLP-103CST. Engineers on site have commenced work to stabilise the well prior to re-entry and the Company has also contracted Wire-Group to supply and install an Isolation Plug which is required…

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Honeywell technology selected for propylene production in Algeria

Sep 11, 2019

Honeywell announced today that Sonatrach Total Entreprise Polymères (STEP) has selected Honeywell UOP’s  C3 Oleflex technology to produce 565,000 metric tons per year of polymer-grade propylene for a proposed plant in Arzew, Algeria. In addition to technology licensing, Honeywell is providing the basic engineering design as well as services, equipment, catalysts and adsorbents for the plant.…

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Equatorial Guinea plans to boost oil production from this month – Oil Minister

Sep 11, 2019

Equatorial Guinea, the smallest oil producer in OPEC, will increase output by 15,000 b/d starting this month as new discoveries come on stream, its oil minister Gabriel Obiang said in an interview Tuesday. Current crude production is around 128,000 b/d, but there will be an increase because of an oil discovery made by Noble Energy…

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BW gears up for sidetrack off Gabon as discovery appears bigger than expected

Sep 11, 2019

BW Energy has decided to proceed with a sidetrack of the DH1BM-1 well on the Dussafu Marin Permit, located offshore Gabon, as the discovery may be bigger than expected. BW Energy, a subsidiary of FPSO operator BW Offshore, is the operator of the Dussafu permit. BW started drilling the Hibiscus Updip well (DHIBM-1) in mid-August, using…

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Somalia sets target for first oil by 2027

Sep 11, 2019

Following the signing of a new Petroleum Law and Revenue Sharing Agreement in May of this year, as well as the unveiling of its first ever offshore licensing round (15 blocks covering 75,000 sq. km), the Horn of Africa nation is keen to show the world that it is open for business. The law breathes…

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Robbery at Libyan state firm’s subsidiary

Sep 11, 2019

The National Oil Wells Drilling & Workover Company, a subsidiary of the National Oil Corporation (NOC), confirms that an armed robbery took place at its company headquarters in Tripoli on Friday, September 6, 2019. Two masked men discharged their weapons, assaulted security guards, and detained them inside the company headquarters until the following morning. Personal possessions were…

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Egypt’s President orders oil and gas exploration expansion

Sep 11, 2019

President Abdel Fatah al-Sisi ordered on Sunday expanding research plans and exploration in the petroleum sector, in addition to focusing on oil and gas infrastructure projects to achieve optimal economic benefit of all natural resources. Sisi’s instructions come in an effort to transform Egypt into a regional center for the trade of oil and gas…

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Zimbabwe’s PetroTrade looks to expand footprint

Sep 10, 2019

PetroTrade, a government-owned fuel and logistics company, is seeking ways to grow its market share beyond 10% with plans to extend operations to rural areas. Godfrey Ncube, the company’s acting CEO, told Standardbusiness Petrotrade’s market share was too low and there were plans to aggressively grow its footprint. “The future plan is to grow the…

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NewAge completes sale of licence interest to Lukoil

Sep 10, 2019

New Age (African Global Energy) has announced that its subsidiary New Age M12 Holdings has completed the sale of its 25% non-operated interest in the Marine XII Licence to LUKOIL Upstream Congo, a wholly owned subsidiary of LUKOIL, for $800 million. The Marine XII Licence is located offshore Congo-Brazzaville and is operated by Eni. New Age acquired its position in Marine XII in 2009…

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Somalia keen to showcase its untapped oil & gas potential to the world

Sep 10, 2019

Following the signing of a new Petroleum Law and Revenue Sharing Agreement in May of this year, as well as the unveiling of its first ever offshore licensing round (15 blocks covering 75,000 sq. km), the Horn of Africa nation is keen to show the world that it is open for business. The law breathes…

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