Egypt's petroleum ministry launched an international bidding round on Monday for exploration in 23 open blocks, with the offer deadline set for Feb. 25. The round includes 10 areas in Egypt's Western Desert, two in the Eastern Desert, seven in the Gulf of Suez…
TotalEnergies is expected to lay out the potential for its oil discoveries in Namibia at an investor day next week as the French energy firm continues to bet on oil and gas to boost profits while also growing its low-carbon business.The group…
Exxon Mobil Corp has pledged additional oil production of nearly 40,000 barrels per day in Nigeria in a new investment push in the country, a presidential spokesperson said on Tuesday, citing Exxon's president of global upstream operations.Nigerian…
Uruguay state-run energy firm Ancap is set to agree to final terms for a record number of seven offshore exploration licenses next month, a senior executive told Reuters, as the frontier market lures bets from global players like Shell.To date no oil or gas has been found in Uruguayan waters…
After several short-term charter extensions, the Norwegian FPSO leasing firm BW Offshore has closed the transaction for the sale of the Abo FPSO.BW Offshore will sell the FPSO to STAC Marine Offshore Limited, a member of the Nigerian Transport Group (STAC) for $20 million…
Oil and gas company BW Energy has brought online the fourth well of the Hibiscus / Ruche Phase 1 development in the Dussafu licence offshore Gabon. 'Well performance is in line with expectations with current production at approximately 6,500 barrels per day…
West Africa-focused Tullow Oil on Wednesday reduced the upper end of its production outlook for this year to 58,000-60,000 barrels per day (bpd) from 58,000-64,000 bpd.The reduction was because of lower than expected production from its Jubilee…
Algeria, Egypt, and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources told Reuters, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects…
A junta that seized power in OPEC-member state Gabon appointed Marcel Abeke, a former executive of French miner Eramet as the country's new petrol minister on Saturday.Abeke was an executive of the company which operates a manganese mine in…
Sierra Leone's capital Freetown has been hit by power cuts after Turkey's Karpowership switched off the electricity supply due to an unpaid debt of around $40 million, the energy minister said on Friday.Minister Kanja Sesay told Reuters that…
Italian offshore services firm Saipem has won two new contracts for offshore activities in Ivory Coast and Italy for an overall amount of 850 million euros (currently around $909,8 million).The first contract has been awarded to Saipem by Eni Côte d’Ivoire and its partner Petroci…
Oil and gas drilling services company KCA Deutag has won a one-year contract extension worth $60 million, for the provision of drilling operations and maintenance services on two offshore platforms in Angola with an undisclosed client.The award…
Shares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country.London-listed oil producer Tullow Oil fell as much as 12% in afternoon trading…
Shell's Cullinan-1X exploration well offshore Namibia did not make a commercial oil and gas discovery, the company said on Thursday.Namibia, which has yet to produce any oil and gas, has attracted strong interest from international companies…
Eni has started production of oil and gas from the Baleine Field, located in the waters offshore Côte d’Ivoire.The milestone comes less than two years after the discovery in September 2021 and less than a year and a half after final investment decision…
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