Vaalco balances caution with expansion in formative year
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
Vaalco Energy will focus on delivering its expansion projects this year, while avoiding any threats to production, CEO George Maxwell has said.
QatarEnergy (QE) has taken a stake in ExxonMobil’s North Marakia Offshore block, in Egypt.
Mozambique President Filipe Nyusi has ceremonially laid the first stone for the Temane project.
Mozambique has closed the pre-qualification section of its sixth bidding round with 13 companies submitting documents.
Eni believes its Ndungu field could hold 800 million to 1 billion barrels of oil equivalent in place.
South Africa’s Central Energy Fund (CEF) is considering buying into Renergen’s Virginia gas project, paying 1 billion rand ($69 million) for a 10% stake.
The Akwa Ibom government has objected to ExxonMobil’s sale plans to Seplat Energy and filed a legal case to halt the transaction.
Energean almost doubled its adjusted EBITDAX in 2021, from 2020, and expects first gas from its Karish project in the third quarter of this year.
Netherland, Sewell & Associates (NSAI) has signed a deal to assess the potential of Ethiopia’s oil and gas resources.
Spain has approved Morocco’s plans for Western Sahara, creating new lines of dispute in Madrid and driving the Algerian ambassador to be recalled.
Eni and Sonatrach have made a “significant” oil and gas discovery in Algeria’s Berkine North Basin.
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
Beleaguered Australian minnow FAR has appointed explorer Alan Stein as a non-executive director, suggesting the company is sticking to its growth plans.
SDX Energy has begun producing at the MSD-25 well in Egypt, shortly after drilling the well.
US-focused Pennpetro has set out a plan to diversify into Tunisia through a deal with Upland Resources.
BP and Eni have reached an agreement to combine their Angolan businesses in a 50:50 joint venture.
South Africa has made clear it is not moving away from hydrocarbons in the near term, talking up exploration plans and gas imports, in addition to scope for new coal generation.
Eco Atlantic Oil & Gas has completed its acquisition of Azinam Group, setting the stage for drilling offshore South Africa late this year.
French NGOs have celebrated a legal victory over Perenco, on access to the oil company's files on its actions in Congo Kinshasa.
Amid higher oil prices, Tullow Oil is beginning to scale up its growth plans once more, raising near term possibilities for drilling around TEN and further out plans for gas and Kenya.
BP, TotalEnergies and ConocoPhillips executives have held talks with Libya’s National Oil Corp. (NOC) on the sidelines of the CERAWeek conference, in Houston.
Schlumberger has confirmed a wells contract from TotalEnergies for work on the Tilenga field, in Uganda.
Predator Oil & Gas has touted its potential impact on European energy security, as it advances LNG plans and moves into hydrogen.
QatarEnergy (QE) has signed up to support Namcor, following two high-profile discoveries in the Southern African state.
Eco Atlantic Oil & Gas has signed a drilling contract for the Island Innovator semi-submersible to work on the upcoming Gazania-1 well.