Africa Energy has received governmental approval and closed the previously announced transactions to acquire an effective 4.9% interest in the Exploration Right for Block 11B/12B offshore South Africa. Garrett Soden, Africa Energy’s President and CEO, commented: ‘We are excited to partner with Total, Qatar…
Lloyd’s shakes up regional management Global insurance market Lloyd’s has made three key appointments for the Asia-Pacific region, following a restructuring effort. Iain Ferguson has been appointed as regional director for APAC. Lloyd’s new organisational structure combined the Greater China region with the rest…
Recent pledges of US$2 billion in investment for South Sudan’s oil may be just the start, with the war-torn nation expecting further agreements in early 2019, its petroleum minister said. Ezekiel Lul Gatkuoth’s prediction comes as the African nation’s warring sides prepare to form…
Italian oil company Eni has successfully drilled and tested the Merakes East prospect in East Sepinggan block, offshore Kalimantan, Indonesia. The prospect is located 33 kilometres south-east of the Eni-operated Jangkrik field and just three kilometres east of the Merakes field. Eni said…
Schlumberger has won a deal with Iraq’s Basra Oil Company (BOC) to drill 40 new wells at Majnoon oilfield. In a statement on the 19th December, the Ministry of Oil also announced that the BOC had entered into a 19-month contract with the Iraqi…
CNOOC Limited announced on the 18th December that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with nine international oil companies including: Chevron, ConocoPhillips, Equinor, Husky, KUFPEC, Roc Oil, Shell, SK Innovation and Total. According to the agreements,…
Angola’s Sonangol and BP have signed an agreement to progress to final investment decision the development of the Platina field in deep-water Block 18, offshore Angola. They also agreed to extend the production licence for the BP-operated Greater Plutonio project on Block 18 to…
In response to the challenges of effective water injection in fractured reservoirs, independent global completions service company Tendeka has launched a new technology to optimise oil production. As an addition to their extensive range of advanced inflow control technology, FloFuse can increase oil recovery…
The Canadian government will pump C$1.6 billion (US$1.186 billion) into the country’s oil and gas sector, which has been grappling with record low oil prices, Canada’s Minister of Natural Resources Amarjeet Sohi announced on the 18th December. The investment will go to support jobs…
Egypt’s government has paid Dana Gas US$20 million with further payments likely to follow before year-end. These will allow the company to proceed with plans to drill the Merak deep-water exploration well, its first on the block 6 North El Arish Concession Area, said…
