West Africa focused explorer FAR says it has identified 1.1 billion barrels of resources in its two blocks offshore The Gambia. The blocks A2 and A5 contain combined estimated prospective resources of 1.1 billion barrels (unrisked, best estimate…
SOCO International has had its 25-year exploitation permit over the Viodo, Lideka and Loubana areas in the shallow water Marine XI Block, offshore the Republic of Congo (Brazzaville), confirmed by the country's Council of Ministers. The…
Canadian Overseas Petroleum says it and its partner ExxonMobil on block LB-13, offshore Liberia, West Africa, are to relinquish the block. The two have elected not to enter into third exploration period and surrendered their rights to the LB-13 license…
Africa Oil Corp. (AOC) and Eco (Atlantic) Oil and Gas are forming a strategic partnership for exploration in West Africa and Guyana. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77% shareholding in Eco through the purchase…
Halliburton announced today (9 November) that it worked with the Akwa Ibom state government to inaugurate and open Nigeria’s first oil and gas training center fully-equipped with oilfield operations tools. The Akwa Ibom Oil and Gas Training…
Italy's Eni announced that its gas development offshore Cape Three Points (OCTP), Ghana, is 63% complete, with start-up planned for 2018. Eni said that construction on the onshore receiving facility and associated pipelines are proceeding as planned…
Samsung Heavy Industries (SHI) has delivered French oil major Total's deepwater Egina floating production, storage and offloading (FPSO) vessel. The vessel was completed at SHI's Geoje-shipyard under a US$3 billion turnkey project, and set sail for Nigeria on 31 October 2017…
Tullow Oil and partner Sterling Energy have decided to exit Block C-10 offshore Mauritania after determining the block’s prospects did not commercially justify a third phase of exploration. Block C-10…
Eco (Atlantic) Oil & Gas is plannig to drill a well on its Osprey prospect in the Cooper Block (PEL30) in the Walvis Oil Basin, offshore Namibia. Osprey is in about 500m water depth and has had several thousand kilometers of 2D seismic and a 3D survey…
With the entry of ExxonMobil, East Africa has entered the gas business for the long term. Can South Africa catch up? EIC’s Andrew Scutter sets the scene. Over the last decade, recent oil and gas discoveries across East Africa have made the region a key frontier for hydrocarbon exploration…
Kosmos Energy's Hippocampe-1 deepwater exploration well in Block C-8 offshore Mauritania was dry. The well, drilled in 2600m water depth, in partnership with BP, was designed to test Lower Cenomanian and Albian reservoirs charged from the deeper Valanginian – Neocomian source…
Baker Hughes, a GE company, announced today (30 October) the introduction of its FASTrak Prism fluid analysis and sampling while drilling service. The service uses advanced sensors and proven technology to collect and deliver reliable, industry…
Kosmos Energy entered Equatorial Guinea with a splash by acquiring Hess' 85% stake in two long-producting oil fields for US$650 million, as well as signing production sharing contracts (PSCs) for three other blocks in the Rio Muni basin…
French oil giant Total has agreed a farm-in deal with UK based independent Impact Oil and Gas, which will see it take major stakes in deepwater blocks offshore Namibia and South Africa. Total has acquired 70% of Impact’s interests in Block 2913B…
BW Offshore subsidiary Sendje Berge has agreed the terms of a contract extension for the floating production, storage and offloading (FPSO) vessel Sendje Berge with operator Addax Petroleum Exploration (Nigeria) for use on the Okwori field offshore Nigeria…