French supermajor Total SA has been awarded two new blocks covering 14,175 square kilometers, offshore Mauritania by the natural resource-rich country's Ministry of Petroleum, Energy and Mines hence boosting the integrated oil and gas company's…
U.S. producer Hess Corp said on Wednesday it expects oil and gas output to grow more than 10 percent a year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects.The company projects higher…
French energy company Total has strengthened its position in Mauritania by winning contracts for two new exploration blocks.'Total and the Ministry of Petroleum, Energy and Mines of Mauritania have signed an agreement awarding Total two new…
Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola.The discovery, estimated to contain between 170 and 200 million barrels of light oil in place, was made in the Afoxé-1 NFW well located in the southeast area of Block 15/06…
Italy's Eni said it has started production from the Vandumbu field in Block 15/06 through West Hub N’Goma floating production, storage and offloading unit (FPSO).Block 15/06 is located approximately 350 kilometers northwest of Luanda and 130 kilometers west of Soyo…
Independent crude oil and natural gas producer Canadian Natural Resources (CNR) and its joint venture partner in Cote d'Ivoire, Svenska Petroleum, plan to commence the fourth phase of the development of the deepwater Espoir asset in 2019, on…
Norway's Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.Tanzanian President John Magufuli has asked his government to proceed…
London based independent Panoro Energy ASA announced Monday that the first cargo of oil from Dussafu has been offloaded from the BW Adolo floating production storage and offloading unit (FPSO) on December 2.A total of 550,000 barrels of oil…
The wheels of discovering and exploiting hydrocarbon resources offshore the Union of the Comoros, off Africa's east coast, may have been moving albeit slowly since 2008 when the government first invited bids for exploration of oil and gas in the Indian Ocean's volcanic archipelago…
Norway's sovereign wealth fund, the world's largest, will no longer exclude Cairn Energy Plc and Kosmos Energy Ltd from its portfolio of investments, the Norwegian central bank said on Tuesday.The companies were excluded in 2016 based on advice from the fund's ethics watchdog…
Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon for another three months, pending discussion for a potential longer-term deal.'Unless otherwise expressly defined in this announcement, terms and expressions…
Equatorial Guinea has ordered energy operators to stop doing business with oil and gas service firm Subsea 7 for failing to comply with local laws aimed at creating more jobs for locals, the oil minister said on Thursday.In September, an oil ministry source warned that Schlumberger…
Congo (Brazzaville), sub Saharan Africa's third largest oil producer, has intensified its campaign to promote the country's offshore drilling and exploration investment opportunities.The Ministry of Hydrocarbons hopes to ride on the new hydrocarbons…
Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the country's oil sector if he becomes president next year, according to a draft copy of his manifesto.He plans to reconsider the introduction of bidding rounds for marginal fields and oil blocks…
Tullow Oil forecast its net debt would drop to $2.8 billion by the end of the year and slightly raised its full-year free cash flow to $700 million, helped by trimming its capital expenditure.The company had previously said it might reach free cash flow of about $650 million…
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