Egypt through her Petroleum Minister, Tariq al-Mulla, has disclosed the country discovery of a new gas field in the Mediterranean Sea. The discovery of this colossal gas field is still undergoing evaluation stages to estimate the volume. The name of the new gas field...

Eni has signed a contract with Wison Heavy Industry for the construction and installation of a Floating Liquefied Natural Gas (FLNG) unit with a capacity of 2.4 MTPA (million tons perannum). The FLNG will be deployed offshore the Republic of Congo.

The 380 metres long...

Savannah has announced that it had entered into a Share Purchase Agreement (SPA) with PETRONAS (E&P) Overseas Ventures to acquire PETRONAS’ upstream and midstream asset portfolio in Chad and Cameroon. Completion of the proposed acquisition remained subject to satisfaction of certain conditions precedent which...

Wentworth Resources and Maurel & Prom S.A. have reached agreement on the terms of a recommended acquisition of the entire issued and to be issued share capital of Wentworth by M&P. The Acquisition will be subject to the Conditions and certain further terms set...

Petrofac reports that their client, Sonatrach, has announced the completion of production start-up of the Tinrhert to Ohanet gas field in Algeria.

Petrofac’s scope of work has included a new inlet separation and compression centre, extending the existing Central Processing Facility which we were involved...

Predator Oil & Gas, the Jersey based Oil and Gas Company with near-term gas operations focused on Morocco has disclosed progress towards the commencement of drilling of the high impact/high reward MOU-2 well in Guercif onshore northern Morocco.

Initial mobilisation of the Star Valley Rig...

Savannah has entered into a Share Purchase Agreement with PETRONAS International Corporation to acquire PETRONAS’ entire oil and gas business in South Sudan through the acquisition of Petronas Carigali Nile Limited (PCNL), for a total cash consideration of up to US$1.25 billion, subject to...

Sound Energy has release project update on its Phase 1 micro LNG development offshore Morocco and this was followed by an announced on an amendment to the project contract entered into between Italfluid Geoenergy and Sound Energy's wholly owned subsidiary, Sound Energy Morocco East...

Woodside Energy has passed another important milestone for the Sangomar Field Development Phase 1 with the completion of the construction phase for the floating production storage and offloading (FPSO) facility which will be deployed at the field offshore Senegal.

Woodside awarded the contract for supply...

Bp one of world major Exploration and Production Company has been awarded two exploration blocks in the Mediterranean Sea, offshore Egypt by the Egyptian Natural Gas Holding Company.

The Northwest Abu Qir Offshore Area - in which bp, the operator, holds 82.75% and Wintershall-Dea...

Invictus Energyhas provided an update on theMukuyu-1 wellthat is currently being drilled in its 80% ownedSG 4571 licencein Zimbabwe’s Cabora Bassa Basin. Cabora Bassa Basin Margin Area holds 1.2 billion barrel prospective oil resource and is operated by Invictus Energy.

Europa Oil & Gas an exploration and production company with special interest in Moroccan oil asset has announcedthattheextensiontotheInitialPeriodoftheInezganeLicenceoffshoreMoroccohasnowcometoanendandEuropahasdecidednottoprogresstotheFirstExtensionPeriod.EuropaisinthefinalstagesofcompletingallitsobligationsforInezganeandexpectstocompletethefinalrelinquishmentreportshortly. Once this final obligation has been satisfied the bank guarantee of US$315,000 will be released and repaid to Europa, following which the Company will have no...

Tower Resources,, the Africa-focused energy company has received financial assistance from a renowned bank to boost activity in respect of its Thali Production Sharing Contract (PSC), in the Rio Del Rey sedimentary basin offshore Cameroon.

Cameroon Financing:

Tower announces that its subsidiary, Tower Resources Cameroon S.A...

PetroNor and Gambia National Petroleum Corporation (GNPC) have signed a Joint Operating Agreement (JOA) for the A4 Licence offshore Gambia. GNPC, as Government licensee, has been assigned a 10 per cent participating interest in the license. The JOA defines the operational boundaries of the...