Submitted by oilgasafrica on Thu, 2015-04-16 10:19
Sahara Group's Upstream affiliate Enageed Resource Ltd said it is making good progress with activities in OPL 274 where Sahara operates with a 100% working interest, even as the company continues to press towards optimizing opportunities in the block where last year it hit "first oil". Enageed doubled its certified 2P reserves in Oki-Oziengbe South field in Edo State, while also making a new commercial discovery with the Oluegi-1 exploration well.
Submitted by oilgasafrica on Tue, 2015-04-07 23:00
Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced its 2014 year-end summary Reserves and Resources for its assets in Nigeria.
Submitted by oilgasafrica on Wed, 2015-04-01 23:00
The Ministry of Mines, Industry and Energy of Equatorial Guinea (http://www.equatorialoil.com) is pleased to announce the Ratification of Production Sharing Contract for Block EG-06 by the government of Equatorial Guinea.
Submitted by oilgasafrica on Fri, 2015-03-20 00:00
The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its 30% interest in oil mining lease (OML) 18 and related facilities in the Eastern Niger Delta. Its interests in OML18 were assigned to Eroton Exploration & Production Company Limited. Total cash proceeds for Shell amount to $737 million.
Submitted by oilgasafrica on Mon, 2015-03-16 00:00
Aminex is pleased to notify shareholders that the Tanzanian authorities have agreed to the deferral of a two well drilling commitment on the Nyuni Area PSA, which was due to be completed by the end of October 2015, into the four-year First Extension which expires October 2019. The deferral is conditional on an Environmental Impact Assessment, which has already commenced, and the eventual acquisition of 3D in the deep water which will be subject to completion of a tendering process.
Submitted by oilgasafrica on Sat, 2015-03-14 00:00
The Egyptian Minister of Petroleum and Mineral Resources, Sherif Ismail, signed today with Eni’s CEO, Claudio Descalzi, a Head of Agreement aimed at the development of the oil and gas resources of the Country while preserving the return of Eni’s investments.
Submitted by oilgasafrica on Fri, 2015-03-13 00:00
Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company announces that it has completed its 2D seismic survey in its Central Blocks 2312 & 2412A offshore Namibia, in conjunction with its partners AziNam (20%), NAMCOR (10%, carried interest) and Ignitus (5%, carried interest).
Submitted by oilgasafrica on Thu, 2015-03-12 00:00
With Mozambique's Ministry of Resources and Energy now merged, the country has taken another major step towards its 2025 vision for gas and power development. As the former Deputy Finance Minister, His Excellency Dr. Pedro Couto will clearly have a plan to promote sustainable partnerships for trade with a focus on the country's balance sheet; however, will there be extra emphasis on regional gas sharing and power sector investment?
Submitted by oilgasafrica on Wed, 2015-03-11 20:11
Tullow Oil plc (Tullow) provides an update on exploration and appraisal activities in onshore Kenya Block 10BB, 13T and Block 10BA.
Submitted by oilgasafrica on Wed, 2015-03-11 20:03
Azonto announces that, as a result of a continued strategic review of its operations and prolonged discussions with the government of Ghana and potential partners with regard to ongoing participation in the offshore Accra Block, the Company has decided not to continue with its deepwater exploration acreage in the Offshore Accra Block, Ghana (“the Licence”).
Submitted by oilgasafrica on Mon, 2015-03-09 14:40
BP Egypt announced today another important gas discovery in the North Damietta Offshore Concession in the East Nile Delta. The “Atoll-1” deepwater exploration well, currently being drilled using the 6th generation semi-submersible rig “Maersk Discoverer,” has reached 6,400 metres depth and penetrated approximately 50 metres of gas pay in high quality Oligocene sandstones. Expected to be the deepest well ever drilled in Egypt, the Atoll well still has another 1 kilometre to drill to test the same reservoir section found to be gas bearing in BP’s significant 2013 Salamat discovery, 15 kilometres to the south.
Submitted by oilgasafrica on Mon, 2015-03-09 00:00
Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, is pleased to announce the results of an independent evaluation of the gas reserves within the Mnazi Bay Concession in Tanzania, carried out by RPS Energy Canada Ltd. ("RPS"), Calgary, Canada.
Submitted by oilgasafrica on Fri, 2015-03-06 00:00
BP today announced that it has signed the final agreements of the West Nile Delta project to develop 5 trillion cubic feet (tcf) of gas resources and 55 million barrels (mmbbls) of condensates with an estimated investment of around $12 billion by BP and its partner. The project underlines BP’s commitment to the Egyptian market and is a vote of confidence in Egypt’s investment climate and economic potential.
Submitted by oilgasafrica on Wed, 2015-03-04 00:00
VAALCO Energy, Inc. (NYSE: EGY) today announced that on March 2, 2015, the Company spudded the post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola. As previously announced, VAALCO contracted the Transocean "Celtic Sea" semi-submersible rig to drill the Kindele-1 well to a planned total depth of 2,250 meters in a water depth of approximately 100 meters.
Submitted by oilgasafrica on Tue, 2015-03-03 00:00
Unconventional gas explorer Challenger Energy (ASX code: CEL, CELO) is pleased to advise that in compliance with a directive issued by the Director-General of the Department of Mineral Resources of the Republic of South Africa, its subsidiary Bundu Gas and Oil Exploration Pty Ltd (Bundu) lodged a