AfrOil - Africa Oil & Gas
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 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.
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.
TotalEnergies contracts Expro Group for $30mn well intervention, integrity project at Tilenga in Uganda
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 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 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 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, the Italian oilfield services provider, has completed a new subsea production network for Agogo, an oilfield located within Block 15/06 offshore Angola.
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, 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 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.
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.