Trinidad and Tobago looks to aid Ghana in developing its oil and gas industry

Mar 9, 2020

As part of celebrations marking the 63 th anniversary of Ghana’s independence, Prime Minister of Trinidad and Tobago, Dr. Keith Christopher Rowley (photo) said his country is ready to support Ghana in its efforts to build a solid oil and gas industry. The country, which has produced petroleum for almost 100 years, mainly exports liquefied…

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Tower Resources secures ‘cash cushion’ ahead of Thali farm-out in Cameroon

Mar 9, 2020

Oil and gas company Tower Resources has made ordinary shares placing in an effort to raise £500,000 ($656,465) to provide working capital until the completion of its farm-out of the Thali PSC located offshore Cameroon. Tower said on Monday that it was placing 138,666,666 million ordinary shares to raise gross proceeds totaling $656,465 for 0.375…

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Licenses suspended in connection with recent petrol shortages in Liberia

Mar 9, 2020

President George Weah has dismissed the Deputy Managing Director for Operations at the Liberia Petroleum Refining Company (LPRC) for gross negligence and alleged fraudulent activities. According to the Executive Mansion, Mr. Brown would be investigated by the appropriate authorities and, if found guilty, would be prosecuted under the full weight of the law. “During this…

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Shelf Drilling gets contract extension on the Trident 16 in Egypt

Mar 9, 2020

Shelf Drilling has secured a one-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (‘Petrobel’) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following this extension, the expected availability…

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Egypt’s EGAS targets upstream investments of $690m in fiscal year 2020/2021

Mar 8, 2020

EGAS, the Egyptian public gas company, is seeking to sign seven new upstream agreements, with total investments of $ 690 million during the 2020/2021 fiscal year. The announcement was made on Thursday by its president Osama El-Bakly who presented the company’s plans for next year. In parallel, EGAS wants to drill 10 wells in the…

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“Gas is critical for sub-Saharan Africa’s energy future,” – GE Gas Power Summit

Mar 8, 2020

Energy experts discuss the importance of gas for Africa’s current and future energy needs;GE’s innovative gas power generation portfolio is providing faster, more reliable, more cost-effective and more environmentally friendly power for baseload, emergency or clean energy transition needs; Gas will be critical for creating industry, manufacturing and attracting investment capital. With recent major gas…

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Gabonese Petroleum Minister promotes 35 exploration blocks in the U.S.

Mar 8, 2020

Vincent de Paul Massassa (photo), the Gabonese Minister of Petroleum met with American investors last week at the University of Houston in Texas, to present to them the opportunities that the Gabonese sedimentary basin offers in terms of ‘investments. This initiative is part of efforts to promote open 35 oil blocks to the market in…

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BW Energy starts oil production from Tortue Phase 2, off Gabon

Mar 7, 2020

BW Energy has announced first oil from the Tortue Phase 2 field development project (Phase 2) in the Dussafu Marin Permit offshore Gabon. The Gamba well DTM-5H was successfully brought online as of 4 March, ahead of schedule. The second well, DTM-4H, is scheduled to come onstream in the coming week. Phase 2 consists of…

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Libyan oil output recovery could neutralize OPEC’s plans to cut deeper

Mar 7, 2020

OPEC and its allies will not just have oil demand concerns to digest when they meet in Vienna this week. They will also be closely following the situation in fellow member Libya, whose production has been almost decimated by the civil war in the country, where oil has increasingly been used as a weapon. The…

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Ocean Infinity concludes survey project in Angola for Total

Mar 7, 2020

The project was the first time that geophysical, geotechnical, and seismic data has been gathered at the same time, Ocean Infinity said in a statement on Wednesday. This was achieved through simultaneous operations of Ocean Infinity’s autonomous underwater vehicles (AUVs) with geotechnical and seismic equipment based from one surface vessel. The project was all done…

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