Oil & Gas

Namibian fuel prices to remain unchanged this month

Oct 4, 2019

The Ministry of Mines and Energy has announced that fuel pump prices will remain unchanged, with 95 Octane unleaded petrol staying put at N$13.05 per litre and Diesel 50 ppm at N$ 13.63 per litre. Energy Minister Tom Alweendo said that the National Energy Fund, which absorbs under-recoveries on behalf of consumers from time to…

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Panoro Energy announces substantial oil discovery in Hibiscus Updip sidetrack

Oct 4, 2019

Panoro Energy has reported a positive update on its drilling operation on the Hibiscus Updip well (‘DHIBM-1’), located on the Dussafu Marin Permit, offshore Gabon. John Hamilton, CEO of Panoro, commented: ‘Results of drilling at Hibiscus Updip have significantly exceeded expectations. Both the original wellbore and sidetrack have encountered oil columns with excellent reservoir properties and our estimate…

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Valaris sees both new and extended contracts in Africa

Oct 4, 2019

Valaris was awarded new contracts and saw one contract extended recently. The contract extended was for work in North Africa, while a new award came out of West Africa. In Egypt the VALARIS DS-7 contract with Burullus offshore Egypt was extended by approximately 165 days from October 2019 to mid-March 2020 due to the exercise of three…

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Angola publishes bid round rules for ten frontier blocks

Oct 4, 2019

The National Agency for Petroleum, Natural Gas and Biofuels of Angola (ANPG) has announced the terms of reference, bidding rules and qualification criteria of its 2019 bid round, starting the countdown to a Tuesday, November 12, 2019, deadline for operators and interested parties wishing to bid on the 10 frontier blocks located in the Namibe…

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Equatorial Guinea launches 2020 investment agenda in tandem with the African Energy Chamber

Oct 4, 2019

Following the success of the Year of Energy 2019, an initiative of the Republic of Equatorial Guinea which is seeing the organization of several high-level investment conferences and roadshows in Malabo and internationally this year, the country will be continuing its outreach to global investors with the Year of Investment 2020. Supported by the African…

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Niger-Benin pipeline set to boost Niger’s oil production

Oct 4, 2019

Once completed, the Niger-Benin pipeline, whose works started on 17 September 2019, will enable Niger to ” increase its production, which is initially one million tonnes / year during the first phase of the project. operating at 4.5 million tonnes / year for the second and be part of the crude oil exporting countries in…

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Israel, Egypt modify gas export agreement

Oct 3, 2019

Israel is significantly increasing the amount of natural gas it plans to export to Egypt under a landmark deal, Israeli energy companies said on Wednesday, sending their shares higher. Partners in Israel’s Leviathan and Tamar offshore gas fields agreed last year to sell $15 billion worth of gas to a customer in Egypt in what…

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Tower Resources provides update on Namibia farm-out

Oct 3, 2019

Tower Resources, the AIM-listed oil and gas company with a focus on Africa, has provided an update on activity in respect of Blocks 1910A, 1911 and 1912B in Namibia. Tower has disclosed technical and commercial information to a major international oil company, in order to explore the potential to co-operate in respect of Tower’s Namibian Blocks. This…

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NESR secures $100m North African well intervention contracts

Oct 3, 2019

National Energy Services Reunited Corp. (“NESR” or the “Company”) (NESR) (NASDAQ:NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) and Asia Pacific, today reported multiple awards in North Africa valued up to $100 million. The awards are for well intervention services for a period of up to…

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CGG provides advanced 4D images for BP Angola survey

Oct 3, 2019

CGG Subsurface Imaging, part of CGG’s Geoscience division, has delivered state-of-the-art broadband 4D seismic results ahead of schedule from BP Angola’s latest monitor survey offshore Angola. This achievement builds on previous 4D seismic processing projects undertaken for BP Angola. The enhanced imaging volumes from the Greater Plutonio development in the Lower Congo Basin were delivered…

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