โPanoro is entering a phase of continual drilling activity which will see at least 10 wells being drilled in Gabon and Equatorial Guinea over the next 12 to 15 months and deliver a step-change in working interest production,โ said company CEO John Hamilton.
It also noted that there was scope to develop hydrogen resources within the venture. There was discussion in December, during talks between Algeria and Germany, about the possibility of transporting green hydrogen via Italian links.
Japanese corporates have signed around 90 agreements with African investors at the recently concluded 8th Tokyo International Conference on African Development (TICAD) in Tunisia.
When a gas company thinks the price is too high, it does suggest that something has gone awry in the market, but that is exactly what Serinus Energyโs CEO has been saying.
Serinus Energyโs โshackles are offโ, the companyโs CEO Jeffrey Auld has said, with a newfound focus on generating cash and modest drilling plans.
Zenith Energy has paid $250,000 to Kuwait Foreign Petroleum Exploration Co. (KUFPEC) as a first payment for its acquisition of the Sidi El Kilani concession in Tunisia.
Additional drilling at Gabonโs Dussafu Marin licence has been deferred because of coronavirus, BW Energy has said, blaming international travel restrictions.
Tunisiaโs biggest energy project -- a long-delayed, $1.2 billion joint venture with Vienna-based OMV AG -- will start producing natural gas by the end of the year, the countryโs industry minister said.
Tunisia has recently elected a new president, demonstrating the strength of its democratic institutions. The countryโs hydrocarbons industry continues to struggle, though.