Orrön Energy AB has disclosed that the Prosecutor’s claim for forfeiture of economic benefits has been increased and now amounts to SEK2,381,300,000.The Company, whichstronglydisputesboththe methodology used by the Prosecutor and theamount of the claimedforfeiture,does not see any circumstances in which the claim for forfeiture...
EL SEWEDY Cables Qatar, a 73.4% subsidiary owned by Senyar Industries Qatar Holding W.L.L., one of Qatar’s leading industrial groups in which Elsewedy Electric is a 50% shareholder, received provisional Letter of Award of a project with a value exceeding USD 328 million.
The crude oil production from Cote d’ivoire has increased owing to kick off of production from Eni Baleine Field. Eni has disclosed its operations in field located in the waters offshoreCôte d’Ivoire has started production of oil and gas. According to the via its...
Namibia a South African country with a population of about 2.6 million people is abundant hydrocarbon reserves with an estimated value of about 11 billion barrels of oil as recently discovered offshore fields, with TotalEnergies’ Venus-1X find making up almost half of the total,...
Scirocco and ARA Petroleum Tanzania (APT) have executed amendments to extend the longstop date of the proposed Ruvuma transaction from 31 August 2023 to 30 September 2023. The reason for the extension of the amendments is owing to the significant progress made so far...
Sequel to the successful completion of its CB23 2D seismic acquisition program at its 80% owned and operated Cabora Bassa Project in Zimbabwe, Invictus Energy Limited has disclosed the commencement of the Exalo Rig 202 mobilisation to Mukuyu-2 wellsite at its 80% owned and...
TWMA a drilling waste management specialist has been awarded a contract worth up to $15 million to support a large-scale oil and gas project for bp in Egypt. The company will employ its award-winning RotoMill drill cuttings processing technology to process all drilling waste...
Reconnaissance Energy Africa Ltd (ReconAfrica) a Canadian oil and gas company engaged in the exploration and development of oil and gas in Northeast Namibia and Northwest Botswana announced that it has received its Environmental Clearance Certificate (ECC) from the Office of the Environmental Commissioner,...
Africa Oil has entered an agreement to increase its operated working interest (“WI”) in Block 3B/4B, located in the Orange Basin offshore South Africa and on trend with the Venus, Graff, La Rona and Jonker oil discoveries, for an additional 6.25% interest.
Kinetiko Energy, an Australian gas explorer and developer focused on advanced shallow conventional gas and coal bed methane in South Africa, has disclosed the following update on its onshore gas exploration and production development activities.
Core well 272-01C and 272-02C spudded in early May and...
Predator Oil & Gas Holdings the Jersey based Oil and Gas Company with near-term gas operations focused on Morocco has announced an interim drilling update for the MOU-3 well appraising the Moulouya Fan primary reservoir target for which contingent gas resources have been previously...
Tullow Oil's capital allocation strategy is to focus on its highest return producing assets and to maximise cash flow.
In line with this strategy, Tullow is considering all options with respect to its interest in the Espoir field in Côte d'Ivoire. No formal commitments have...
The Board of SDX Energy are aware of rumours concerning its Egyptian business and confirms that the Company has received multiple offers in regard to the sale of its Egyptian assets, which the Board are evaluating. Any proposed transaction would be subject to the...
Panoro Energy ASA said that the DHIBM-4H production well at the Hibiscus Ruche Phase I development offshore Gabon has successfully been drilled, completed and handed over to production operations without incident. The well encountered good quality oil saturated reservoir sands in the regionally prolific...
Kenya has indicated plan to construct the country’s first geothermal plant that will be situated in Menengai axis of the country. The power contract was awarded to Globeleq, the leading independent power company in Africa along with its project partner, Geothermal Development Company (GDC)....
The Nigerian decade of gas initiative has attained another important milestone in an effort to export the abundant resources for effective robust economic value for the country. The recent feat was disclosed at the headquarters of the Economic Community of West African States (ECOWAS)...
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