“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.
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.
TotalEnergies has awarded a contract to McDermott International for work on the Begonia project, offshore Angola.
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.
South African President Cyril Ramaphosa has cut short his foreign travels and hurried home as the load shedding crisis mounts.
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.
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 has halted production after water entered the floating production unit (FPU), with the operator evacuating non-essential workers.
Stena Drilling has signed a contract to provide its Stena IceMax to CNOOC Africa for two wells next year.
Ugandan parliamentarians have snapped back at a resolution condemning the country’s oil plans from the European Parliament.
Nigeria and Morocco have signed more agreements on a proposed major offshore gas pipeline, bringing Senegal and Mauritania on board.
A challenge has been mounted to TransGlobe Energy’s plans to merge with Vaalco Energy, ahead of the crucial September 29 vote.
Shell, OQ and TotalEnergies have signed a new contract with Oman on Block 11.
The European Parliament has criticised a proposed East African pipeline, calling for TotalEnergies to consider an alternative route.
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 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 has completed the sale of an 18% stake in the Sarsang field to ShaMaran, completing its exit from the Iraqi region of Kurdistan.
Talks are under way over Germany buying a major stake in Uniper, amid “increased uncertainties”, the company has said.
Petrofac has signed a memorandum of understanding (MoU) with Oman Hydrogen Centre (OHC), with a particular focus on green hydrogen.
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 Oil remains committed to its merger with Egypt-focused Capricorn Energy, which has faced mounting headwinds.
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 has extended the closing of its bid round until January 27, 2023, saying it had taken the decision to handle the increased interest.
Tullow Oil has come under fire in Ghana over alleged failure to abide by local content regulations – charges the company denies.
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.
Tullow Oil has applied to cancel the listing of its ordinary shares on the Dublin market, saying the move would simplify compliance requirements.