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Sahara Group States Position on Offshore Processing Agreement (OPA) and Unfolding Events in the Oil & Gas Sector

Our attention has been drawn to the article in This Day Newspaper published in Nigeria on the 7th of June 2015with the headline: "Oil Traders, NNPC officials Interrogated, Watch Listed in Major Investigation."

Dana Gas Commences Drilling Campaign in Egypt

Dana Gas, the Middle East’s leading regional private sector natural gas company, is pleased to confirm that it has commenced drilling the Balsam-2 development well in the Balsam Development lease onshore Nile delta. The Balsam-2 well is being drilled with the 2000 HP Egyptian Drilling Company’s Rig #48 and targets the Qawasim formation at a depth of 3200 m. 

Canadian Overseas Petroleum Limited Announces Liberia Update

Canadian Overseas Petroleum Limited ("COPL" or the "Company") (TSX VENTURE:XOP) (LSE:COPL); along with its partner, ExxonMobil, remain committed to completing their work program and obligations under the LB-13 amended and restated Production Sharing Contract ("PSC") dated March 31, 2013. NOCAL and ExxonMobil, the operator, continue to meet regularly to discuss operations, Community and Social Responsibility activities and the fulfillment of the LB-13 work program, which has been affected by the Ebola Crisis.

SacOil remains focused and positive on Nigeria

SacOil Holdings Limited, the African independent upstream oil and gas company, announced the termination of its joint venture with Nigdel United Oil Company (Nigdel) of Nigeria, and consequently its participation in Oil Prospecting Licence (OPL) 233 on Thursday, 20 May. The 126 square kilometre, offshore oil block is located in the core shallow marine area of the Niger Delta region.

Anadarko Selects Contractor For Initial Onshore Mozambique LNG Development

Anadarko Petroleum Corporation (NYSE: APC) on behalf of the co-venturers in Mozambique's Offshore Area 1, and after a competitive FEED (front-end engineering and design) process, today announced the selection of a consortium consisting of CB&I, Chiyoda Corporation and Saipem (CCS JV) for the initial development of the onshore LNG park in Mozambique.

Antonoil Wins New Technical Services Project in Ethiopia

Anton Oilfield Services Group ("Antonoil" or the "Group", HKEx stock code: 3337), the leading independent oilfield services provider in China, is pleased to announce that the Group has signed the contract today for providing technical services, including cementing and drilling fluid services, for a project of a Chinese non-SOE investor in Ethiopia at a contract value totaling approximately RMB200 million for an effective period of 2 years, among which RMB130 million of cementing services, and RMB70 million of drilling fluid services. The project is expected to commence operation in the second half of 2015, and shall be completed in two years.

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