Oil & Gas

United Oil & Gas announces conditional acquisition of Rockhopper Egypt

Jul 23, 2019

United Oil & Gas, the AIM traded oil and gas exploration and development company, has announced the proposed acquisition of Rockhopper Egypt from Rockhopper Exploration, for a headline consideration of US$16 million.  The purchase includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt, and the existing assets of the business at the effective date. As the process…

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Libya sees Sharara oilfield resume production after brief outage

Jul 23, 2019

Libya’s National Oil Corporation (NOC) has restarted the Sharara oilfield and lifted force majeure on loadings of its crude oil from the Zawiya terminal, it said on Monday. The oilfield, the OPEC member’s largest, was shut on Friday evening after an unidentified group shut a valve on the pipeline linking it to Zawiya, 49 km…

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Minister critiques Ghana’s bid round design

Jul 23, 2019

Ghana demarcated offshore blocks that were too small to attract major players and suffered from a dearth of data, insufficiently comprehensive to enable commercial decision-making, says Minister of State for Petroleum Mohammed Amin Adam. Adam, who formerly served as director of the Accra-based Africa Centre for Energy Policy, this week told a civil society convention…

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Nine oil blocks to be tendered in Namibe basin, Angola

Jul 23, 2019

The Minister of Mineral Resources and Petroleum, Diamantino Azevedo, announced today the tendering of nine offshore oil blocks in the Namibe Basin, namely blocks 11, 12, 13, 27, 28, 29, 41 , 42 and 43. The government official made the announcement at the opening of the third consultative council that takes place in this city…

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Libya declares force majeure on Zawiya oil port – NOC

Jul 22, 2019

Libya’s National Oil Corp. declared force majeure on crude shipments from Zawiya port starting July 20 after halting production from the Sharara oil field, it said in a statement. Production from Sharara, Libya’s largest oil field, was stopped as a result of a probe into a suspected valve closure, the company said. Production of 290,000…

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Seadrill secures another contract offshore West Africa

Jul 22, 2019

Seadrill Ltd. has secured a nine-well contract from an unnamed operator for the ultra-deepwater drillship West Gemini offshore West Africa. The contract includes three options, each for two wells. Total value for the firm portion of the contract is expected to be about $84 million. It is expected to start in early 4Q 2019 and run through 4Q…

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Gambia set to host its first international upstream oil and gas event

Jul 22, 2019

The Gambia National Petroleum Company (GNPC) announced today that it has signed a Memorandum of Understanding (MOU) with Vale Media Group (VMG), the African Oil & Energy B2B events company, to partner together to co-host the 6th Annual Upstream West Africa Summit 2020, which will take place between the 16th – 18th June 2020 in…

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Kuwait’s NSCO sees gas flows in Egypt’s North Sinai

Jul 22, 2019

NSCO Investments has completed the development of the first well in a North Sinai offshore natural gas concession, according to a statement to the Egyptian Exchange (EGX). NSCO Investments, a subsidiary of the Egyptian Kuwaiti Holding company (EKH), drilled the first well in the Kamos area at a depth of 1,698 meters with a cost of around $15 million. Production…

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Libya’s NOC signs Mou with Schlumberger

Jul 22, 2019

Libya’s state National Oil Corporation (NOC) announced on Tuesday that as part of its focus on upskilling the next generation of oil sector workers, it has signed a Memorandum of Understanding on Monday, July 15, 2019, with “the world’s leading oilfield services provider” Schlumberger, to establish a specialised training and development centre in Benghazi. The…

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Engen Ghana adds new station to existing network at Ayikai Doblo

Jul 21, 2019

Engen Ghana Limited, one of the leading players in the petroleum downstream sector has opened a new station to its existing network of 22 stations nationwide. The station is located in Ayikai Doblo, a suburb of Amasaman in the Ga West municipality and operates a 24-hour service delivery for fuel. Mr Henry Akwaboah, MD, Engen…

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