ReconAfrica sheds light on geology amid partnering plans
Reconnaissance Energy Africa is disclosing more information on its efforts, even while short sellers maintain criticism of its plans.
E&P
Pharos farms out Egyptian assets to IPR
Pharos Energy has struck a farm-out and sale agreement for a stake in its Egyptian assets with a subsidiary of IPR Energy.
Tullow Oil hits goals, rethinks Kenya plan
Tullow has hit financial goals and is looking to farm down its Kenyan operations, as it focuses further on its Ghanaian operations.
IUCN votes against ReconAfrica exploration
The International Union for Conservation of Nature (IUCN) has called on Botswana and Namibia to increase scrutiny of oil and gas plans in the Okavango Delta.
Petrofac signs $100m EPCC contract in Libya
Petrofac has signed an engineering, procurement, construction and commissioning contract worth more than $100 million in Libya.
With seismic under way, ReconAfrica reports net pay
Reconnaissance Energy Africa has found five potential reservoir zones in the 6-2 well and made progress on seismic.
Eni breaks open new play offshore Cote d’Ivoire
Eni has made a major discovery offshore Cote d’Ivoire at its Baleine-1x well.
Metallon calls it quits in Lekoil dispute
Miner Metallon has sold off its stake in Lekoil, sparking a near 30% rise in the Nigerian oil company’s share price.
Shell, Impact win more time off South Africa
Shell has completed a deal to enter the Transkei & Algoa exploration right, offshore South Africa, with Impact Oil & Gas.
Invictus preps for Muzarabani seismic
Zimbabwe-focused Invictus Energy expects to begin acquiring seismic in the first week of September.
Crunch time looms for Libya’s Agoco
Arabian Gulf Oil Co. (Agoco) is on the verge of halting operations, complaining of a shortage of cash to sustain its budgets.
Somoil launches drilling programme onshore Angola
Angola’s Somaoil has contracted the Falcon 1000HP rig to carry out drilling onshore, with the aim of ramping up production by 30% by 2024.
BW Energy strikes oil at Dussafu exploration
BW Energy has found oil at the Hibiscus North exploration well (DHBNM-1) at the Dussafu Block, offshore Gabon.
Caught between investors and critics, ReconAfrica fights on
Reconnaissance Energy Africa has seen its share price fall since providing further information on its drilling results.
Still finds to make in Africa
African exploration is considering new ways forward amid discussions of the energy transition, but conventional opportunities remain.
Tanzania grants more time for Ruvuma gas plan
Tanzania has extended the Ruvuma production-sharing agreement (PSA) to provide time for development of the area’s gas plans.
Shell charters Valaris rig for Namibia, Sao Tome exploration
Valaris has agreed to provide its Valaris DS-10 rig for Shell’s upcoming exploration in Namibia and Sao Tome & Principe.
Shell contractors killed in Nigeria ambush
An attack in Nigeria’s Imo State has left seven Shell contractors dead, according to local reports.
BP skips Gambian exploration with cash payment
BP has agreed to pay cash to The Gambia in order to avoid the drilling of an exploration well on Block A1.
Room for buyers to grow in Shell’s Nigerian portfolio
Shell is making plans to exit its onshore business in Nigeria, but Wood Mackenzie has called for caution from prospective buyers.
Dana Gas revenues rise in strong first half
Dana Gas has reported strong first half results, with profits and cash flow rising from Egypt and Kurdistan.
Tower secures partner for short-cycle Cameroon work
Tower Resources has struck a binding heads of agreement (HoA) to farm out its Cameroonian licence to Beluga Energy.
Ghana eyes Aker stake, NGOs object
Ghana has set out plans to borrow up to $1.65 billion to acquire upstream stakes – but NGOs have come out fighting.
Armour swings back into Uganda action
Australia-listed Armour Energy is restarting its 2D seismic programme in Uganda, two years after declaring force majeure.
United lines up more production at Abu Sennan
The Al Jahraa-8 development well on Egypt’s Abu Sennan concession has flowed at a maximum rate of 2,819 barrels of oil equivalent per day, United Oil & Gas has reported.