Angola sets out its stall in bid to boost production
Angola is determined to increase energy production and, judging from the wave of independents signed up to take on Sonangol stakes, seems well positioned.
E&P
Shell issues tenders for major Nigerian deepwater addition
Shell has issued three engineering, procurement and construction (EPC) tenders for companies to participate in the 120,000 barrel per day Bonga North development in Nigeria.
Eni, Sonatrach agree on fast-track gas developments
Eni and Sonatrach have signed a memorandum of understanding (MoU) on accelerating gas plans and a move towards green hydrogen.
Technip Energies signs on to gas plans with COS Petrogaz
Technip Energies has signed a memorandum of understanding (MoU) with Senegal’s COS Petrogaz on LNG and decarbonisation.
Exxon signs up Maersk Supply Service ahead of Angola drilling
ExxonMobil has awarded Maersk Supply Service work supporting drilling and production offshore Angola, in Block 15.
Invictus firms up Baker Hughes drilling deal
Invictus Energy has signed a binding well services contract with Baker Hughes for drilling in Zimbabwe, following a capital raise.
Petrodel aims to reach Tanzanian gas production in 2025
Nigeria’s Petrodel Resources has dusted off its Tanzanian licences and announced a plan to return to the East African state.
Mauritania sets out strategic path to hydrogen
Mauritania has signed on to support three hydrogen projects, including Chariot’s Nour plan, at a strategic meeting.
SDX agrees sale to Canada’s Tenaz
SDX Energy has struck a deal to sell itself to Canadian-listed Tenaz Energy for £21.4 million in an all-share offer.
ReconAfrica, Invictus near launch of drilling
Reconnaissance Energy Africa and Invictus Energy are both nearing drilling, as they seek to prove up onshore hopes around Namibia and Zimbabwe respectively.
Exploration is back on the menu in Africa, with big finds and strong prices
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Sanalla makes pitch for investment as US backs oil cash flow freeze
The head of Libya’s National Oil Corp. (NOC) has highlighted the North African country’s role in meeting Europe’s energy security needs and downplayed the risks.
Lekoil loses its AIM, heads for new exchange
Conflicted Nigerian minnow Lekoil is dropping out of London’s AIM for good on May 18. It will shift to the Access segment of the AQSE Growth Market.
TotalEnergies readies for Nigeria drilling
TotalEnergies is in the process of securing a rig to drill up to nine development wells, and two exploration/appraisal wells on Nigeria’s OML 130, Africa Oil has said.
Maurel refreshes debt, potentially opening the door for M&A
Maurel et Prom has secured a new bank loan under “very favourable terms” and is scaling up its dividend plans.
Kosmos turns on the cash flow spigots and looks to LNG
Kosmos Energy is generating free cash flow at unprecedented volumes, allowing it to pay down debt, and has been talking up LNG.
Apex boosts production 50% with Fajr well
Apex International Energy has tested its Fajr-8 development well at 2,440 barrels per day of oil in Egypt’s Western Desert.
Wildcat sets sights on Sierra Leone
Wildcat Petroleum has signed a reconnaissance permit covering 20 blocks offshore Sierra Leone, covering 24,000 square km.
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.
United appoints Boru’s Dunne as new CFO
United Oil & Gas is replacing its CFO, David Quirke, with Peter Dunne, as of today.
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.
Shell, Galp spud well offshore Sao Tome
Galp and Shell have spudded the Jaca well, offshore São Tomé and Príncipe, following work off Namibia.
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.
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.