News
February 13, 2024
The Sangomar Field Development Phase 1 includes a stand-alone FPSO with subsea infrastructure and an expected production capacity of approximately 100,000 bpd.
News
February 12, 2024
Petrobras acquired a 45% stake in interest in blocks 10 and 13 and a 25% interest in block 11, located in São Tomé and Príncipe, Africa.
News
February 09, 2024
Exxon’s key asset is the Zafiro field, which produced more than 1 Bbbl over more than 20 years. In 2022, Exxon announced plans to retire the field’s platform after it was shut down due to a safety incident.
News
February 08, 2024
President Geingob's life was characterized by a deep devotion to public service, marked by his years of service to Namibia, including his tenure as Prime Minister and as President.
News
February 07, 2024
Located 135 km offshore, Akpo West is tied back to the existing Akpo Floating Production Storage and Offloading (FPSO) facility, which started-up in 2009 and produced 124,000 boed in 2023. By mid-2024, Akpo West will add 14,000 bbl of condensate production per day, to be followed by up to 4 MMcmg by 2028.
News
February 04, 2024
President Samia Suluhu Hassan is pushing for Tanzania to boost production of natural gas and build pipelines to export it to neighboring countries including Uganda, Zambia, Kenya and the Democratic Republic of the Congo in a bid to accelerate economic growth.
News
January 31, 2024
Despite the global push for near-instant transition to renewables, the immediate benefits for us (and many African nations) still predominantly lie in oil and gas.
News
January 30, 2024
Kenyan President William Ruto said African countries need to be able to tap all their energy resources even if that means developing non-renewable fossil fuels like natural gas.
News
January 29, 2024
TMC will provide a large-capacity marine compressed air system including compressors for control and service air on board the Agogo FPSO.
News
January 26, 2024
In AVO-2, Galp has also discovered a significant column of light oil in reservoir-bearing sands of high quality.
News
January 25, 2024
In an exclusive interview with Energy Capital & Power, Maggy Shino, Petroleum Commissioner of Namibia’s Ministry of Mines and Energy, discusses the country’s efforts to fast-track development of breakthrough discoveries in the Orange basin.
News
January 22, 2024
Eco (Atlantic) Oil & Gas Ltd has received final government approval for the farm out of its 6.25% participating interest in Block 3B/4B, located offshore South Africa in the prolific Orange basin, to Africa Oil Corp. The company also provided an operational update on entering the next license phase for Orinduik block offshore Guyana, near ExxonMobil's Liza discovery and the Stabroek Block.
News
January 18, 2024
Delaying the transaction will only impact the growth of the industry, and Nigeria stands to serve as an example of how the successful transfer of oil assets from an international major to local players can advance the industry.
News
January 16, 2024
The pipe’s lightweight properties allowed it to be transported by a small, multi-purpose vessel and installed by local contractors, greatly reducing carbon emissions and costs.
News
January 16, 2024
On December 31, 2022, SEC proved reserves that are the subject of this transaction were approximately 458 MMboe.
News
January 14, 2024
Gross production from the Dussafu license averaged 22,500 bopd in the quarter, amounting to a total gross production of 2,073,000 MMbpd for the period.
News
January 10, 2024
The exploration well unveiled a “significant column of light oil in reservoir-bearing sands of high quality,” the company said. Galp will continue drilling operations at Mopane-1X to explore “deeper targets.”
News
January 10, 2024
Starting in 2022, TotalEnergies and Shell Plc made large finds in the waters off Namibia, raising hopes of transforming the economy of the sparsely populated country.
News
January 09, 2024
lock 33 contains just six well penetrations, which have yielded two Oligo-Miocene oil discoveries, and is highly underexplored in comparison to the neighboring acreage.
News
January 08, 2024
The multi-million-dollar Master Services Agreement covers a wide scope of services. These include, but are not limited to, onshore and offshore management and supervision, provision of personnel, and equipment maintenance.
News
January 05, 2024
The African nation’s December exit from OPEC came after the group imposed a much lower production limit. The tighter cap was too much for Angola, which is making efforts to boost investment after many years of underinvestment and production decline.
