Zenith makes Benin redevelopment offer
Zenith Energy has made an offer to take over Block 1 offshore Benin, which holds the Sèmè oilfield.
“Lower risk, higher potential” in Vaalco tie up for TransGlobe
In this day and age, there is no space for a small cap oil company, according to TransGlobe Energy CEO and president Randy Neely, making the case for a tie up with Vaalco Energy.
McDermott wins Begonia work off Angola
TotalEnergies has awarded a contract to McDermott International for work on the Begonia project, offshore Angola.
SDX teases new vision amid management shuffle
Chairman of SDX Energy Michael Doyle has stepped down with the company taking the first steps with support from a new major shareholder, Aleph Commodities.
Ramaphosa cuts trip short in face of Eskom outages
South African President Cyril Ramaphosa has cut short his foreign travels and hurried home as the load shedding crisis mounts.
Chevron tees up Aphrodite plan, as ministers talk maritime borders
Chevron and partners have signed up to develop the Aphrodite field, offshore Cyprus, with drilling due to start in the first half of 2023, while political talks are continuing.
Typhoon tears BP FPSO from Chinese dock
A typhoon has ripped a BP FPSO away from its moorings at a Chinese yard, throwing up another challenge to plans for LNG production off Senegal and Mauritania.
Zafiro halts production as water enters FPU
Zafiro has halted production after water entered the floating production unit (FPU), with the operator evacuating non-essential workers.
Stena wins CNOOC drilling off Gabon
Stena Drilling has signed a contract to provide its Stena IceMax to CNOOC Africa for two wells next year.
Uganda accuses EU of “economic racism” on oil opposition
Ugandan parliamentarians have snapped back at a resolution condemning the country’s oil plans from the European Parliament.
Nigeria, Morocco double down on mega pipeline project
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
TransGlobe faces up to opposition on Vaalco deal
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
Shell, Total sign up to gas exploration on Omani block
Shell, OQ and TotalEnergies have signed a new contract with Oman on Block 11.
European Parliament slates EACOP, Lake Albert plans
The European Parliament has criticised a proposed East African pipeline, calling for TotalEnergies to consider an alternative route.
Fitch warns of tough 2023 amid markedly higher gas prices
Fitch Ratings has increased its short and medium term gas price assumptions, based on an assumption of no further Russian supplies into the European Union.
Trillion lines up spud for Turkish gas bonanza
Trillion Energy International’s Uranus rig has arrived on site for drilling offshore Turkey, with the aim of bringing on new gas production by the end of October.
TotalEnergies completes Kurdistan exit with Sarsang sale
TotalEnergies has completed the sale of an 18% stake in the Sarsang field to ShaMaran, completing its exit from the Iraqi region of Kurdistan.
Germany considers nationalising Uniper
Talks are under way over Germany buying a major stake in Uniper, amid “increased uncertainties”, the company has said.
Petrofac signs up to support Omani hydrogen plans
Petrofac has signed a memorandum of understanding (MoU) with Oman Hydrogen Centre (OHC), with a particular focus on green hydrogen.
Africa Oil sees progress looming in Nigeria, Kenya
Africa Oil (TSX:AOI) expects a number of developments in the next month or so, including the spud of the Gazania well, an extension to its licence in Nigeria and the signing of a Kenya deal.
Tullow sticks to its guns on Capricorn merger, amid Ghana drilling success
Tullow Oil remains committed to its merger with Egypt-focused Capricorn Energy, which has faced mounting headwinds.
South Africa energy group comes out against carbon price increase
Industrial groups in South Africa have voiced their commitment to an equitable transition, while calling for increased carbon prices to be pushed back to after 2035.
Sierra Leone pushes back bid round close
Sierra Leone has extended the closing of its bid round until January 27, 2023, saying it had taken the decision to handle the increased interest.
Tullow to face local content complaint in court
Tullow Oil has come under fire in Ghana over alleged failure to abide by local content regulations – charges the company denies.
Nigeria’s Seplat spent $450mn with firms tied to founders
One of Nigeria’s largest independent oil and gas producers spent more than $450 million on goods and services provided by companies linked to its two founders over 12 years, most of it after the firm publicly listed in London and Lagos in 2014.