News
March 21, 2023
Currently, the South African energy situation represents an economically challenging one, with the report identifying that the year 2022 witnessed new electricity outage records, with an over 300% increase in outage hours compared to 2021.
News
March 21, 2023
Eco Atlantic Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, and its partners are applying for Environmental Authorization to undertake exploration activities in Block 3B/4B in the Orange Basin off the Northern Cape/South-West Coast of South Africa.
News
March 14, 2023
ANPG, Exxon and state-owned Sonangol signed an addendum to blocks 30, 44, and 45 in the Namibe Basin to make exploration in the area more competitive. Exxon will pursue a potential exploration well in 2024 as a result of improved fiscal terms.
News
March 13, 2023
The Washington-based lender in 2019 stopped financing oil and gas extraction projects, aside from “exceptional circumstances” where projects in the poorest countries help connect more people to energy.
News
March 09, 2023
RISC’s analysis of the license identifies total Unrisked Gross P50 Prospective Resources of approximately 4 Bboe. Exploration risk for the identified prospects and leads were assessed by RISC to range from 15% to 39%.
News
March 08, 2023
The Anchois gas field is located within the Lixus Offshore license area, in which Chariot holds a 75% interest and operatorship, alongside ONHYM which holds a 25% interest.
News
March 06, 2023
QatarEnergy made a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia.
News
March 03, 2023
Ramform Titan is mobilizing for the survey and acquisition is expected to complete in late May 2023.
News
March 02, 2023
Sintana Energy and Woodside Energy have entered into an agreement for Woodside to acquire a 56% participating interest in Petroleum Exploration License 87 if the company pays the full cost for a 3D-seismic survey covering an area of at least 5,000 square km within the license area for roughly $35 million.
News
March 02, 2023
The Organization of Petroleum Exporting Countries boosted supplies by 120,000 bpd to 29.24 MMbpd, with the West African nation accounting for two-thirds of the increase as its output reached a one-year high.
News
March 02, 2023
The LNG project, once touted as Africa’s biggest private investment, stalled in 2021 following terror attacks by Islamic State-linked rebels in Mozambique’s northeast. Progress in containing the violence has led to speculation that work may resume in the coming months, but TotalEnergies has yet to make a decision.
News
March 01, 2023
Following this operation, Eni's equity production in Algeria will rise to approximately 130,000 boed in 2023, further confirming the company's position as the main international energy company operating in the country.
News
March 01, 2023
The contract includes the seventh-generation drillship named Deep Value Driller, one of the most modern in the world.
News
February 28, 2023
The project comprises 36 new wells (21 producers and 15 Injectors), one converted FPSO with capacity for 120,000 bpd of oil production, 230 MMscf per day of Gas Injection and 120,000 bpd of water injection. It will also entail approximately 100 km of rigid flowlines, 100 km of flexible flowlines and 100 km of umbilicals.
News
February 28, 2023
bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim liquefied natural gas project that they will take forward to the next stage of evaluation
News
February 24, 2023
More than 40% of Angola’s 32 crude cargoes for loading this month are bound for destinations west of the Suez Canal — mostly to Europe as well as the U.S. and Brazil — according to a survey of traders specializing in West African barrels.
News
February 23, 2023
Africa-focused independent exploration company, Impact Oil & Gas, has launched a multi-well drilling program offshore Namibia to assess the hydrocarbon reserves available in TotalEnergies’ large-scale Venus discovery, as well as their flow potential into adjacent blocks.
News
February 21, 2023
The contract covers the engineering, procurement, and supply of flowlines and connectors for the Girassol Life Extension project (GIRLIFEX), offshore Angola.
News
February 20, 2023
The partners have been awarded block EG-01 for an initial period of three years, during which they will conduct subsurface studies based on existing seismic data to further define and evaluate the prospectivity of the block.
News
February 16, 2023
The LNG production unit, which involves an investment of more than $1 billion and a three-year construction period, will see the transformation of the Cap Lopez in Gabon into both an oil and gas terminal.
News
February 07, 2023
The talks come as European and U.S. companies step up efforts to extract oil and gas from the region and help make up for sanctions-related supply losses from Russia.
