July 24, 2020.
Latest Report. Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to announce that Heads of Terms agreements with the Government of Kenya and joint venture partners, Africa Oil, Tullow Oil plc and TOTAL S.A. have been signed for the development of the oil fields in the South Lokichar Basin. Oil & Gas Jobs. São Tomé and Príncipe and Equatorial Guinea have agreed on the establishment of a Special Zone for Joint Exploration to explore and develop cross-border oil & gas reserves believed to be in the blocks bordering each country’s maritime zone.Eni announces that it has successfully completed the construction of the gas pipeline connecting Bir Rebaa Nord (BRN) and Menzel Ledjmet Est (MLE) fields in the Berkine Basin, in the south-eastern part of Algeria.VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today announced that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala (SEENT) platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.Kosmos Energy (NYSE/LSE: KOS) announced today that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area.
As such, all the value of exploration in Chad has been cancelled.Glencore said the loss of its exploration assets in Chad would have no impact on its production and development work on the Mangara, Badila and Krim fields, which it groups as Chad West.
... West Africa FPSO Contract Extended. A 10% reduction in the price curve could lead to an impairment of around $202mn.Chad’s Société des Hydrocarbures du Tchad (SHT) has a $379 million net debt to Glencore as of the end of 2019, which has been reduced from $393mn since 2018. Glencore loses Chad exploration licences. The trader has said it carries its Chadian oil assets at a value of $804mn, based on a price assumption of $65-72 per barrel.
Oil & Gas / Africa. These fields are held under exploitation licences.Glencore bought Caracal for around $1.4bn. The results continue the 100 percent success rate from nine wells targeting the inboard gas trend in Mauritania/Senegal.South Sudan is preparing to restart production in various oil fields, including Block 5A operated by Sudd Petroleum Operating Company; A new discovery in the Dar Petroleum Operating Company-operated Adar field will drive investment into the country; Juba will host the third edition of South SudanPresident of LUKOIL Vagit Alekperov and Minister of Mines and Hydrocarbons of the Republic of Equatorial Guinea Gabriel Mbaga Obiang Lima signed a Memorandum of Understanding at the Russia–Africa Summit in Sochi today.Joint Stock Company Rosgeo and the Ministry of Mines and Hydrocarbons of the Republic of Equatorial Guinea have signed a Memorandum of Understanding during the Russia-Africa Summit in Sochi today.In his new book, Billions at Play: The Future of African Energy and Doing Deals, leading African energy attorney, NJ Ayuk, maintains that Africans have the power to reverse the so-called “resource curse” and use their continent’s petroleum resources to fuel positive changes—but only if they addreSouth Sudan’s Minister of Petroleum Awow Daniel Chuang is committed to upholding the OPEC and non-OPEC Declaration of Cooperation; In accordance with the Declaration, OPEC member states, together with non-OPEC members, agreed in 2016 to voluntary production adjustments; South Sudan is focused on Minister Adel Ali Ibrahim will meet with his South Sudanese counterpart, Minister Awow Daniel Chuang, at South Sudan Oil & Power 2019; topics to be discussed include the resumption of Block 5A and logistics corridors between the two countries; Sudan has been a key role player in facilitating With a second FID in just 2 years, Mozambique has officially positioned itself as a key player in the global gas and LNG market for years to come. Latest news on oil and gas sector, including, energy, biofuels, liquified natural gas, pipelines, storage, refineries and retail. 26 Jun. In Landmark Year, South Sudan Promotes Energy Investment with Webinar and South Sudan Oil & Power Event.