Nigeria threatens to revoke marginal fields, new round approved
“Marginal fields would [henceforth] be prioritised in terms of their location to those who have modular refineries, so that they will be able to produce,” he said.
E&P
Shell strikes find offshore Egypt with Stena Forth
It bolsters “our growth aspirations and ongoing commitment as a key partner in Egypt’s energy landscape. Successful delivery of our current exploration campaign is part of Shell Egypt’s growth strategy.”
Invictus declares discovery, but faces drilling rough ride
The need to sidetrack is “disappointing”, he said. “It would have been fantastic to get this all in one go. It’s still only the second well in the basin and it’s the first time we’ve drilled into the Lower Angwa,” Macmillan said. “We are going to get some surprises, good and bad.”
Nigeria withdraws $1bn claim against Eni on oil field deal
Operations at the Nigerian oil block have been halted for more than a decade by a series of trials and competing legal claims.
Apex boosts acquired Western Desert volumes
In September, Apex started producing gas at the Faramid project, in IEOC’s East Obaiyed. Apex has a 25% stake in the project, which is producing 24.4 million cubic feet per day of gas.
Capricorn receives tax notice on Senegal exit
Capricorn will “vigorously defend” its position, it said. This may include “exercising rights under the sales agreement”, it said.
Tullow cuts production hopes, boosts bond buybacks
“The wider refinancing continues, and while the overall cost of the debt has increased, the maturity of the debt has been extended, which takes pressure off the balance sheet in the near term,” Kelty said.
Africa Oil rides expectations with drilling in Namibia, Nigeria
FEED work “could facilitate” a final investment decision (FID) on Preowei, Africa Oil, said.
Ice signs up former Total block offshore Cote d’Ivoire
A domestic Ivoirian company, Ice Oil & Gas, has signed a licence to explore a block offshore, previously held by TotalEnergies.
Glencore provides Tullow financing, at a price
Dhir said the Glencore debt and Tullow’s cash, in addition to $800mn of free cash flow from 2023 to 2025, would “allow us to fully address all outstanding 2025 notes”.
Chevron lines up drill plans in Orange Basin
The block is to the north of Block 2913B, where TotalEnergies has made discoveries including Venus.
Sonatrach, OMV plan out Libya exploration return
OMV had held its licence under force majeure until September this year. It declared the contractual stoppage in 2014.
BW Energy scores Gabon find, plans production in 2024
“We look forward to rapidly bringing these high-value barrels into production. The result also confirms the significant potential of the Dussafu licence where we have multiple additional future prospects.”
Rhino files for Orange Basin exploration plan
The company holds Block 2914B, next to Shell’s Block 2914A. Galp is to the north, at PEL 83, where it intends to begin drilling on the Mopane complex this month.
Murphy Oil approves Vietnam plan, launches Cote d’Ivoire work
In September, it sold non-operated stakes in the Kaybob Duvernay and Placid Montney for $104 million. The plan is to invest some of the proceeds in international works.
Lake Kivu winners under fire, while Congo pushes back bid closing
The two officials denied impropriety. Hamuli told BIJ the process had been “rigorous, transparent and credible … I didn't have to bribe the minister, the poor guy.”
Zenith adds another arbitration case over Tunisia problems
Zenith is claiming at least $48 million under the ISCID case. It did not specify a value for the separate ICC proceedings.
BP hints at Mauritania, Senegal LNG plan delays
The FPSO is on its way to West Africa, the CEO said, while the FLNG facility should leave Singapore by the end of 2023. According to Marine Traffic, the FPSO is today offshore Maputo.
Invictus moves to logging in Zimbabwe
Speaking at the company’s AGM, the executive said drilling on this well had been “much, much better” than the Mukuyu-1.
ARA aims for exploration in Tanzania
“ARA is now well positioned to take decisive steps towards developing the asset and ensuring that the natural gas produced from the Ntorya field is introduced to the market as quickly as possible."
Seplat sees ANOH, Exxon deal delayed
The company said ANOH had faced challenges in the “security situation, poor weather, and contractor performance”.
Exxon, Chevron dust off West Africa plans
Equatorial Guinea Vice President Teodoro Nguema Obiang Mangue said state-backed Gepetrol was on the way to increasing its operational capacity.
ReconAfrica bids fond farewell to Mexico
The company had made a commitment to spend $31mn on the Chiapas blocks by February 2024.
Total wins Orange Basin drilling approval from South Africa
Total plans to drill one exploration well. Should it be successful, it may drill up to nine more.
Galp to drill Orange Basin well next month
“The significant prospectivity of PEL 83 together with its relatively shallower water depth, position it to be one of the most significant and profitable developments in the Orange Basin,” he added.