Oil company Tullow Oil agreed to sell its total interest in Tullow Guyana, which includes the Orinduik license (Tullow 60% operated equity) in Guyana to Eco Atlantic's subsidiary Eco Guyana Oil and Gas (Barbados) Limited in exchange for a combination of upfront cash and contingent consideration…
Africa Oil Corp. has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and, the company says, on trend with the Venus, Graff, La Rona and Jonker oil discoveries in the nearby Namibia…
Crown Energy said Thursday it would withdraw from the joint venture operating the Block 2B offshore South Africa after disappointing results of the Gazania-1 exploration well drilled in 2022.The Gazania-1 well was spudded in October 2022, using the Island Innovator semi-submersible drilling…
Oil and gas company Eco Atlantic said this week it was, with its partners Africa Oil and Ricocure, applying for Environmental Authorisation to undertake exploration activities in Block 3B/4B in the Orange Basin off the Northern Cape/South-West Coast of South Africa…
Eco-Atlantic hasn't found any hydrocarbons in the Gazania-1 exploration well, which is located off the coast of South Africa. The well was drilled in about 150 meters of water, is located 25 kilometers offshore the Northern Cape in the Orange Basin…
Offshore drilling firm Island Drilling has signed a drilling contract with Dana Petroleum for a drilling program in the UK in 2023.For this, Island Drilling will supply its 2012-built harsh-environment semi-submersible drilling rig, Island Innovator…
The Island Innovator semi-submersible drilling rig has arrived on Block 2B offshore South Africa, and is set to start operations on the Gazania-1 exploration well.The Gazania-1 exploration well is being drilled in approximately 150 meters of…
Oil and gas company Eco Atlantic said Friday it expected to start drilling at its Gazania-1 well off South Africa in September, as the Island Innovator rig, owned by Island Drilling Company AS, was released and mobilized Friday. The Gazania-1 well is located in the Orange Basin in South Africa…
TotalEnergies 11B/12B offshore gas field could make a direct annual contribution of at least 8 billion rand ($457 million) to South African government finances, the country's petroleum regulator said on Thursday.'That is not just the overall…
Oil and gas company Eco Atlantic has agreed to acquire 100% of Toronto-based JHI Associates Inc. ('JHI'), including JHI's 17.5% stake in the Canje Block offshore Guyana.The Canje Block, offshore Guyana, is directly adjacent to the prolific Stabroek…
Oil and gas firm Eco Atlantic has increased its stake in JHI Associates by acquiring additional 800,000 common shares in JHI in return for 1,200,000 new common shares in Eco.'The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022…
Oil and gas company Eco Atlantic has signed a firm agreement to acquire the South Africa and Namibia-focused oil firm Azinam, in return for a 16.5% equity stake in the enlarged company. The Sale and Purchase Agreement follows a memorandum of…
Oil and gas company Azinam, soon to be acquired by Eco Atlantic, has hired Island Drilling's Island Innovator semi-submersible drilling rig to drill the Gazania-1 well offshore S. Africa. The news comes in the wake of the recent significant…
Oil and gas company Eco Atlantic has signed a Memorandum of Understanding to acquire 100% of Azinam Group including Azinam's entire offshore asset portfolio, in return for a 16.65% equity stake in the enlarged group on completion of the acquisition…
Sapote-1, ExxonMobil's third well in the Canje Block offshore Guyana, has, after the first two wells, Bulletwood-1 and Jabillo-1, failed to unearth evidence of commercial hydrocarbon volumes, too.Westmount Energy, an indirect partner in the Canje Block through its stake in JHI Associates…
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