OMV has closed the sale of a 50% stake in the Ashtart oilfield, offshore Tunisia, to Perenco, it announced on August 2. The price of the deal was not made public.
Saipem has won offshore contract variations at Egypt’s Zohr field, the company said on July 27. The service company said the work was worth US$900 million and covered engineering, procurement,...
Tanzania’s state-owned energy companies appear to be making progress in paying down debts according to recent statements from Wentworth Resources and Aminex.
Cairn Energy has discovered oil at its FAN South-1 well, offshore Senegal, although there seem to be questions over whether it will be commercially viable – similar to the earlier FAN-1 discovery...
Swiss-based and Chinese-owned Addax Petroleum has settled charges from the Geneva’s Public Prosecutor’s Office with a payment of 31 million francs (US$32.2 million). A statement...
BP has decided to relinquish its 50% stake in Block 24/11, it said on June 29, in an exploration update. The company said the decision had been taken as Katambi, a pre-salt gas discovery made on...
A Malaysian company, Barakah Offshore Petroleum, has won work on the decommissioning of the Chinguetti and Banda fields, in Mauritania.
Guinea launched its first offshore licensing round last week, at an event in Paris. The round will be opened in October of this year and is to run for six months. Awards are...
The dispute over Woodside Petroleum’s entry into the oil finds offshore Senegal have flared up, with the company publicly exchanging complaints with FAR.
Nigerian National Petroleum Corp. (NNPC) has made progress on its move towards becoming an integrated energy company, announcing plans to build a power plant in co-operation with the Bayelsa State...
Tanzania gas producer Orca Exploration posted net income for the first quarter of US$2.8 million, from a loss of US$5.6 million in the same quarter of 2016. The first quarter loss in 2016 was...
SDX Energy reported income of US$26.9 million for the first quarter of the year, although this was largely based on its acquisition of Circle Oil’s Egyptian and Moroccan businesses, which provided...
Canada-based TransGlobe Energy’s production averaged 16,731 boepd in the first quarter of the year, up from 12,058 bpd in the same period of 2016. Much of this increase came from the company’s...
Drilling has begun at the Abu Sennan concession, in Egypt, Rockhopper Exploration said on April 26. The company has a 22% working interest in the block, which is operated by Kuwait Energy.
South Sudan has invited companies to bid for Blocks B1 and B2 directly, following the breakdown of discussions with other companies, including Total. The country, in a statement on April 24,...
Follow us online