AfrOil - Africa Oil & Gas

9 June 2023

Libya’s NOC wins arbitration against Emirati firm

8 June 2023

Libya’s National Oil Corp. (NOC) has won an arbitration against the UAE’s Trasta Energy, winning an appeal from a request filed in February 2022 to the Paris Court of Appeal.

Italy’s Eni signs deal for exploring green energy opportunities in Libya

8 June 2023

Italy’s energy group Eni signed an initial agreement with the Libyan National Unity Government to initiate a study to develop sustainable energy projects and collaborate on reducing greenhouse gas emissions in the North African country.

South African natural gas producer Renergen set to clinch $500mn loan from US agency

8 June 2023

Renergen, a South African natural gas and helium producer, has won approval from the United States International Development Finance Corporation (IDC) for a $500mn senior debt funding to advance its project in the African nation.

Israel’s NewMed reveals partners’ development plan for Cyprus Aphrodite field

7 June 2023

Israel’s NewMed Energy, formerly Delek Drilling, has announced that it, along with the partners in Cyprus’ offshore Aphrodite gas field, has submitted to the Cyprus government an updated development plan for the 4.4 tcf gas resource.

Algerian firms invited to resume investment in Libya’s energy projects

6 June 2023

Algerian oil firms have shown interest in resuming operations and promoting energy investment in Libya, the latter's Oil Minister Mohamed Aoun said in a statement following a meeting with his Algerian counterpart Mohamed Arkab over the weekend.

SDX Energy successfully renegotiates higher price for gas produced in Morocco

6 June 2023

SDX Energy says it has successfully renegotiated a gas sales deal with Morocco's Hydrocarbons and Mines Office (ONHYM), securing a higher price for its production in the country.

Saudi cuts deeper as OPEC+ extends deal

5 June 2023

Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.

Saipem finishes Early Phase 2 subsea production network at Agogo oilfield offshore Angola

5 June 2023

Saipem, the Italian oilfield services provider, has completed a new subsea production network for Agogo, an oilfield located within Block 15/06 offshore Angola.

Exxon, Chevron reportedly in advanced talks to drill in Algeria

2 June 2023

US energy majors ExxonMobil and Chevron are in advanced talks with Algeria, expecting to sign a contract with Algeria’s state oil group Sonatrach, that would allow the two energy companies to drill for the first time in the country.

NewMed building subsea pipeline linking LNG facilities in Egypt to Aphrodite offshore gas reservoir

2 June 2023

NewMed, the developers of Cyprus’s Aphrodite offshore natural gas field, plans to build a subsea pipeline linking the offshore gas reservoir to existing Egyptian liquefied natural gas processing facilities, local media report.

United Oil and Gas encounters oil at ASD-3 development well in the Abu Sennan licence onshore Egypt

2 June 2023

United Oil and Gas Co. (UOG), a full cycle oil and gas company focused on Egypt, has announced that the ASD-3 development well in the Abu Sennan licence, onshore Egypt, encountered 12.5 metres of net oil pay.

Germany’s Wintershall Dea discovers natural gas in Disouq concession onshore Nile Delta

2 June 2023

The discovery of natural gas at the step-out well (NSG-3) at the Abu Madi reservoir inside the Disouq concession comes on the heels of a previous find in the East Damanhour exploration block in January 2023.