Pantheon plans out its next steps in Alaska
Pantheon Resources has a multi-billion barrel resource in the occasionally iced over state of Alaska, the company reckons. It will put the theory to the test this summer.
Solar, hydrogen and storage: a heady mix for the Middle East
The Middle East’s oil and gas has put the region at the heart of the energy sector the last 100 years. These resources, plus plentiful sunshine, will see it continue to play a major role into the energy transition – but there will be bumps along the way.
Eskom to pursue state capture accused with NPA
Eskom will work with the National Prosecuting Authority (NPA) in an attempt to tackle the state capture allegations and the continuing cable theft problem.
Operators to retain whip hand in dayrate negotiations, Westwood projects
Westwood Global Energy Group expects rig demand to increase around the world but with no rapid increase in dayrates.
Anglo American launches massive hydrogen truck test
South African President Cyril Ramaphosa has overseen the launch of massive hydrogen-powered trucks at a mine in Limpopo today.
Angola ejects WM-DC from Cabinda North
Angola has ejected WM-DC Resources from the Cabinda North block, for alleged failure to comply with its contractual obligations.
Wintershall bulks up in Algeria amid long-term plans
Wintershall Dea is increasing its stake in the Reggane Nord project, in Algeria, with the German company talking of long-term growth.
Wilhelmshaven takes centre stage for LNG imports and more
Germany has officially launched construction of an LNG terminal at Wilhelmshaven, while signing up preliminary agreements for four FSRUs.
United appoints Boru’s Dunne as new CFO
United Oil & Gas is replacing its CFO, David Quirke, with Peter Dunne, as of today.
Cost and competitiveness key for hydrogen roll out
Money and ambition will be key to rolling out hydrogen as a means to tackle the decarbonisation challenge, Costain's Dave Richardson tells Ed Reed.
2022 is already witnessing increased deals activity
The events of the past two years have accelerated mergers & acquisitions trends in Africa, and 2022 is already witnessing increased deals activity.
Chapter 2: What is systems thinking and why is it important?
Rather than seeking to simplify complex issues and problems by breaking them down into their component parts, systems thinking focuses more on the development of a holistic understanding as well as the relationships and interactions between elements within a system.
Sirius, Somoil seal Sonangol sale
Sirius Petroleum and Somoil have officially signed a sale and purchase agreement for stakes in three blocks offshore Angola for $335.5 million.
EU plans ‘orderly’ Russian oil phase-out, targets Sberbank
The European Union plans to ban Russian crude oil over the next six months and refined fuels by the end of the year as part of a sixth round of sanctions to increase pressure on Vladimir Putin over his invasion of Ukraine.
US states take aim at “woke” financing
Ask an oil company what the problem with the industry is these days and high up on the list will be complaints about a shortage of financing. People point the finger of blame at a variety of related factors such as a new craze for ESG, environmentalists, the government and the left.
Shell, Galp spud well offshore Sao Tome
Galp and Shell have spudded the Jaca well, offshore São Tomé and Príncipe, following work off Namibia.
Angola visits Houston, checks in on Cabinda refinery work
VFuels is making progress with its Cabinda refinery work at facilities in Houston, with equipment passing its factory acceptance testing (FAT).
French ban on US LNG reverses with Engie deal
Engie has signed a 15-year sale and purchase agreement for buy US LNG, reversing France’s implicit ban on shale gas supplies.
Unknown unknowns are halting the energy transition
The current energy sector is certainly a hazardous one, contributing to much of the CO2 emissions that are affecting the planet. That is why the global energy sector – including industry and mobility using energy – must transition to clean energy in order to keep the planet a liveable place.
Amid high-priced wells, ReconAfrica posts big numbers
Reconnaissance Energy Africa has posted documents shedding light on some of its challenges – but also some of the major prospectivity in Namibia’s Kavango Basin.
GNPC’s new CEO faces tough task of balancing industry and politics
Ghana National Petroleum Corp. (GNPC) has appointed a new acting CEO, Opoku-Ahweneeh Danquah, replacing KK Sarpong.
Spain defends gas exports to Morocco against Algeria
Spain will export gas to Morocco, it has said, but will ensure these flows do not include Algerian gas.
Sungara sets out $500mn deal to buy into Block 15/06
Sungara Energies has signed a deal to buy a 10% stake in Block 15/06, offshore Angola, from state-owned Sonangol.
Afentra moves Sonangol deal forward on two blocks
Afentra has signed a sale and purchase agreement with Sonangol for two blocks offshore Angola, with an up-front cash commitment of $80 million.
Oil lifts Seplat higher, but pipe problems continue
Seplat Energy has reported some slow progress at pipeline projects, but with EBITDA growing at 82% year on year it is seeing a clear benefit from higher oil prices.