BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…
Israel's Delek Drilling hopes to begin commercial sales of natural gas to Egypt by the end of the month, a senior company executive said on Sunday.Delek Drilling and its partner Noble Energy signed a landmark deal early last year to export $15…
South Africa continues to make progress in its endeavor to woo increased investment in the country’s highly under-developed offshore oil and gas market as the government’s slow and delayed plan to make cuts on crude oil imports begins to take shape…
Eni announced Wednesday it has gained rights to explore and develop three deepwater offshore blocks offshore Mozambique.Through a farm-in agreement, signed with ExxonMobil Moçambique Exploration & Production Limitada and authorized by Mozambican institutions…
Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.It also quadrupled its debt - to $40 billion - at a time when investors are calling for spending cuts and higher dividends…
Ivory Coast has awarded four new offshore oil and gas blocks, two to France's Total and two to Italy's ENI, government spokesman Sidi Toure said on Wednesday.Ivory Coast, the world's top cocoa producer, is seeking to develop it long-neglected oil sector…
Sierra Leone has put on a brave face and announced a rehashed package for bidders interested in taking part in its fourth hydrocarbons licensing round that was suddenly put on the ice in September 2018 after a new administration took charge…
Independent Angolan diving services company OCTOMAR Serviços Marítimos Limitada has taken delivery of a new Fast Crew Supplier (FCS) 2206, its first vessel from the Damen Shipyards Group.The vessel was selected for its ability to undertake a variety of roles…
Geoservices company Shearwater GeoServices has confirmed the award of a high-density multi-azimuth 3D seismic acquisition contract over the SNE field offshore Senegal by Woodside.The contract covers the Sangomar, Sangomar Deep and Rufisque Offshore blocks…
Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures…
Eni has made a new light oil discovery near its West Hub facilities in the deep waters offshore Angola, the Italian supermajor announced on Tuesday.The well, drilled on the Ndungu exploration prospect in Block 15/06, is estimated to contain up to 250 million barrels of light oil in place…
The government of Mozambique has approved development plans for the ExxonMobil-led Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1…
Italian supermajor Eni said it has found gas and condensate in the first exploration well drilled in CTP-Block 4, approximately 50 kilometers off the Ghana coast.The well was drilled on the Akoma exploration prospect and proved an estimated…
Aker ASA expects Ghanaian authorities to approve a revised $4.4 billion development plan for the offshore Pecan oilfield by the end of the third quarter of 2019, the Norwegian investment firm's chief executive told Reuters on Friday.The company…
Anadarko Petroleum, the U.S. independent energy group in the midst of a takeover, said on Wednesday it was ready to make a final investment decision on its $20 billion liquefied natural gas (LNG) project in Mozambique on June 18.Chief executive…
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