Türkiye hopes to conduct a deep-sea oil drilling operation off the Somali coast in 2025, Energy Minister Alparslan Bayraktar said on Friday in an interview on broadcaster NTV.Türkiye and Somalia signed an offshore oil and natural gas cooperation deal last month…
U.S.-based company Coastline Exploration, an upstream oil and gas company focused on East Africa, said Friday it had received final authorization to proceed with its offshore exploration program in Somalia.Coastline, in February said it had…
East Africa-focused oil and gas company Coastline Exploration has signed seven Production Sharing Agreements ('PSAs') covering offshore, deep-water blocks of the Federal Republic of Somalia. Coastline, established in 2018, said that the PSAs…
Greece urged the European Union on Wednesday to reconsider its customs union with Turkey in response to Ankara's continued gas exploration in contested Mediterranean areas, deploring what it termed Ankara's 'imperial fantasies.'After meeting…
Somalia expects to announce the winners of its first oil and gas licensing round early next year, as the country seeks petrodollars to help rebuild its struggling economy, a senior government oil official said on Wednesday.Battered by violence…
Civil strife has been one of Africa's biggest hurdles to the exploration and production of oil and gas on the continent's waters. Despite a reduction in the conflicts, violence has flared up again in East Africa, as forces loyal to Somalia clashed…
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company expects more than half of the…
Somalia has agreed an initial roadmap with a Shell/Exxon joint venture to explore and develop potential offshore oil and gas reserves, the Ministry of Petroleum and Mineral Resources said on Monday.'I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture…
Somali President Mohamed Abdullahi Farmajo has signed landmark petroleum legislation into law to help open up a new frontier market, the oil ministry said on Saturday. The upper house of Somalia’s parliament in January approved the petroleum…
Turkish President Tayyip Erdogan said on Monday that Somalia had invited Turkey to explore for oil in its seas, after Ankara signed a maritime agreement with Libya last year, broadcaster NTV reported. Turkey has been a major source of aid to…
As the New Year kicks off this week, some of Africa’s oil and gas producers are looking forward to fast-tracking approved offshore exploration plans to counter falling production volumes and meet the increasing demand especially for natural…
Throughout 2019 Africa has led licensing round activity; looking forward to 2020 this is set to continue, however results of the recent rounds have had limited success in a global context.Eight licensing rounds are open or have closed in Africa…
The International Court of Justice has delayed to early November the hearing of the maritime border dispute between Kenya and Somalia and hence delaying further the earlier approved offshore oil and gas exploration activities by both countries…
Royal Dutch Shell and Exxon Mobil have paid $1.7 million to Somalia to lease offshore blocks for 30 years, the country's state news agency reported on Friday.'Shell/Exxon Mobil have paid $1.7 million to Somalia as the preliminary rent for 30 years…
Royal Dutch Shell and Exxon Mobil are looking to return to Somalia ahead of an oil block bid round later this year, the East African country's oil ministry said.Shell and Exxon Mobil had a joint venture on five offshore blocks in Somalia prior…
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