Tullow oil is aiming to start drilling on the Cormorant prospect in the Walvis Basin offshore Namibia at the start of September next year [2018], according to partner Pancontinental. The Cormorant prospect, in about 550m water depth, is part of exploration license in PEL 37…
Global Petroleum's subsidiary Jupiter Petroleum says extra time given to assess its acreage offshore Namibia has given it chance to see more potential. The firm has been given an extension to its first renewal exploration period for License 29…
Ophir Energy has been given a 12-month extension on its Block R license, home to the Fortuna FLNG, offshore Equatorial Guinea, giving it more time to secure project funding ahead of making a final investment decision. Fortuna looks set to be Africa’s first deepwater FLNG project…
ONGC Videsh has entered an agreement with Tullow Oil to acquire a 15% participating interest in the offshore Namibia Petroleum Exploration License 0030 for Block 2012A. India-based ONGC Videsh said today (21 November) the completion of…
Africa Energy announces the signature of definitive agreements to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa. Block 11B/12B is located in the Outeniqua Basin approximately 175km off the southern coast of South Africa…
West Africa focused explorer FAR says it has identified 1.1 billion barrels of resources in its two blocks offshore The Gambia. The blocks A2 and A5 contain combined estimated prospective resources of 1.1 billion barrels (unrisked, best estimate…
SOCO International has had its 25-year exploitation permit over the Viodo, Lideka and Loubana areas in the shallow water Marine XI Block, offshore the Republic of Congo (Brazzaville), confirmed by the country's Council of Ministers. The…
Canadian Overseas Petroleum says it and its partner ExxonMobil on block LB-13, offshore Liberia, West Africa, are to relinquish the block. The two have elected not to enter into third exploration period and surrendered their rights to the LB-13 license…
Africa Oil Corp. (AOC) and Eco (Atlantic) Oil and Gas are forming a strategic partnership for exploration in West Africa and Guyana. Under the terms of an investment agreement, AOC has agreed to acquire a 19.77% shareholding in Eco through the purchase…
Halliburton announced today (9 November) that it worked with the Akwa Ibom state government to inaugurate and open Nigeria’s first oil and gas training center fully-equipped with oilfield operations tools. The Akwa Ibom Oil and Gas Training…
Italy's Eni announced that its gas development offshore Cape Three Points (OCTP), Ghana, is 63% complete, with start-up planned for 2018. Eni said that construction on the onshore receiving facility and associated pipelines are proceeding as planned…
Samsung Heavy Industries (SHI) has delivered French oil major Total's deepwater Egina floating production, storage and offloading (FPSO) vessel. The vessel was completed at SHI's Geoje-shipyard under a US$3 billion turnkey project, and set sail for Nigeria on 31 October 2017…
Tullow Oil and partner Sterling Energy have decided to exit Block C-10 offshore Mauritania after determining the block’s prospects did not commercially justify a third phase of exploration. Block C-10…
Eco (Atlantic) Oil & Gas is plannig to drill a well on its Osprey prospect in the Cooper Block (PEL30) in the Walvis Oil Basin, offshore Namibia. Osprey is in about 500m water depth and has had several thousand kilometers of 2D seismic and a 3D survey…
With the entry of ExxonMobil, East Africa has entered the gas business for the long term. Can South Africa catch up? EIC’s Andrew Scutter sets the scene. Over the last decade, recent oil and gas discoveries across East Africa have made the region a key frontier for hydrocarbon exploration…
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