Offshore Africa News - page 3


US Grants $5B Loan to TotalEnergies for Mozambique LNG Project

Mar 14, 2025

The board of the U.S. Export-Import Bank approved a nearly $5 billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French oil major TotalEnergies.The Export-Import Bank had previously agreed a $4…

Egypt Eyes German FLNG Unit to Ramp Up Production

Mar 12, 2025

Egypt, which has struggled with declining domestic gas production, plans to lease a German floating gas liquefaction unit, the Egyptian petroleum ministry said in a statement on Tuesday.Egypt, the most populous Arab country, has been seeking…

Nigerian JV Makes ‘Significant’ Hydrocarbon Discovery at Songhai Field

Mar 11, 2025

The Nigerian National Petroleum Company (NNPC) and its joint venture (JV) partner FIRST Exploration & Petroleum Development Company (FIRST E&P) have confirmed a significant hydrocarbon discovery in the Songhai Field, located the shallow water region of Bayelsa in Nigeria…

Tanzania to Launch Fifth Oil Licensing Round in May

Mar 07, 2025

Tanzania said on Thursday it will launch its fifth oil and gas licensing round in May in which 26 exploration blocks will be put to auction to help draw fresh investment in the east African country's hydrocarbons sector.Of the blocks on offer…

BW Energy Makes ‘Substantial’ Oil Discovery Off Gabon

Mar 07, 2025

BW Energy has made a ‘substantial’ oil discovery with good reservoir quality on the Bourdon prospect in the Dussafu license, offshore Gabon. The well was drilled by Borr Drilling’s Norve jack-up rig to a total depth of 4,135 meters.Evaluation…

Tower Resources Increases Share in License Offshore Namibia

Mar 07, 2025

Africa-focused oil firm Tower Resources has agreed to purchase an additional 5% interest in the PEL96 license offshore Namibia from its local partner, ZM Fourteen Investment.The AIM-listed company will acquire additional share through its wholly-owned subsidiary Tower Resources (Namibia) Limited…

VAALCO Energy Secures Up to $300M Loan to Grow its Assets

Mar 06, 2025

Africa-focused oil and gas company VAALCO Energy has entered into a new revolving credit facility with an initial commitment of $190 million and the ability to grow to $300 million, which will be used for its investment programs across diversified asset base over the next few years…

BP Finds Gas in Final Well of West Nile Delta Drilling Campaign off Egypt

Mar 06, 2025

BP has completed drilling operations at the El Fayoum-5 gas discovery well in the North Alexandria Offshore Concession, marking the final well in its four-slot drilling campaign in the West Nile Delta.Drilled using the Valaris DS-12 drillship…

Gas Leak at BP’s GTA Project to Have ‘Negligible’ Environmental Impacts

Mar 06, 2025

A gas leak has been detected at a well of the BP-operated Greater Tortue Ahmeyim gas project offshore Senegal and Mauritania, the British company and Mauritania's environment ministry said on Wednesday.BP said the environmental impact from the leak was expected to be negligible…

BP Encounters Gas Bubbles at Senegal-Mauritania GTA Project

Mar 05, 2025

BP said on Wednesday it had detected low-rate subsea gas bubbles at a well in its Greater Tortue Ahmeyim (GTA) project, situated offshore between Mauritania and Senegal.The British multinational oil and gas firm anticipates the environmental…

Egypt Launches Bidding Round for Offshore Oil and Gas Blocks

Mar 05, 2025

The Ministry of Petroleum and Mineral Resources of Egypt has opened a licensing round, offering seven offshore blocks in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert in an effort to attract further investments in the country’s oil and gas industry…

Libya Plans First Oil Exploration Bidding Round in Almost 20 Years

Mar 04, 2025

Libya plans its first bidding round for oil exploration in more than 17 years, Masoud Suleman, acting Chairman of the National Oil Corporation (NOC), announced in a televised address on Monday.Libya is Africa's second-largest oil producer and…

VAALCO Energy Takes Operatorship of West African Oil and Gas Block

Mar 03, 2025

Africa-focused oil and gas company VAALCO Energy has farmed into the CI-705 block offshore Côte d’Ivoire, becoming the operator of the block with ‘significant prospectivity’.VAALCO will become operator of the block with a 70% working interest…

Galp Makes Another Oil and Gas Discovery at Orange Basin Off Namibia

Feb 25, 2025

Galp, together with its partners NAMCOR and Custos, has hit oil and gas in another well drilled at PEL83 license at Orange Basin, offshore Namibia.The Joint Venture partners have drilled, cored and logged the Mopane-3X well (Well #5) which spud on January 2…

Drilling Ops Restart at Zohr Gas Field Offshore Egypt

Feb 25, 2025

Egypt's petroleum minister Karim Badawi said on Tuesday that drilling work for the development of the Zohr gas field resumed in mid-February.Production had been curbed because of arrears owed to foreign oil companies.A drilling ship arrived…

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