It first happened in the United States of America, and now it is spreading all across sub-Saharan Africa – fuel prices are actually reducing!   Thanks, or no thanks, to the oil price crash, consumers can now heave a sigh of relief, though some remain disgruntled that the price point reduction is not commensurate with the magnitude of the oil crash.   Here are the 11 sub-Saharan African countries that have cut down fuel prices.... Read more »

Posted on : Thursday , 22nd January 2015

 NAIROBI – TOWER Resources, the oil and gas exploration company, welcomed the progress recorded in its operation in Kenya.“The spudding of the Badada-1 well marks an important milestone in this frontier exploration basin.  “Badada-1 is a potential play opener, which if successful, will de-risk other prospects and leads in Block-2B and generate considerable upside from a follow-on exploration programme in.... Read more »

Posted on : Thursday , 22nd January 2015

Italian energy firm Eni has signed concession agreements to explore two new blocks offshore Egypt. The blocks, North Leil and Karawan, are located in the deepwater Egyptian Mediterranean, west of the Shorouk block, which Eni acquired in 2014. Eni subsidiary IEOC will operate the North Leil and Karawan blocks, which cover areas of 5,105km² and 4,565km² respectively.   Eni owns the entire interest of North Leil and has a 50%.... Read more »

Posted on : Thursday , 22nd January 2015

 The company says that the original exploration period expired in November 2014 and Eni requested an extension in order to complete the exploration activities already identified: the three-year plan envisages the drilling of three wells and 1,000 square kilometers of 3D seismic.   According to Eni, should the exploration activities be successful, any new discoveries can be developed quickly using existing production.... Read more »

Posted on : Thursday , 22nd January 2015

 Tullow Oil and Africa Oil say they plan to drill 6 basin openers in North Western Kenya’s North Lokichar basin, Kerio basin as well as in North Turkana according to the latest presentation by Africa Oil.   Of the six wells 4 of them are set to spud in Q1 including Epir-1 and Engomo-1 both of which have began drilling in North Kerio and North Turkana while North Samaki and Tausi in North Turkana and North Lokichar are both set.... Read more »

Posted on : Wednesday , 21st January 2015

 Completion and the commissioning of treatment plants natural gas – February 2015;   Construction of Valve Stations 16 required for the entire pipeline will be completed at the end of January 2015;   Construction of facilities receiving natural gas Mtwara, Somanga, Vote, Kilwa, Kinyerezi and Tegeta in Dar es Salaam will be complete at the end of January 2015; Work to make attempts to greater water pressure on Bomba.... Read more »

Posted on : Wednesday , 21st January 2015

Vast amounts. Mozambique alone is estimated to have gas reserves of up to 4.25 trillion cu/m and Tanzania potentially as much as 1.41 trillion cu/m (Petroleum-economist). But in a global economy where commodity prices, consumer demand and ‘timing to market’ are crucial, there is no guarantee that even these amounts can be commercialised in the foreseeable future. However, for both countries the prize is great. In an article written.... Read more »

Posted on : Wednesday , 21st January 2015

 Hydrocarb Energy Corporation (OTCQB:HECC) has announced it is preparing to issue Request For Proposals to four seismic acquisition contractors to complete a 750km 2-dimensional seismic program on its 21,300 sq km (5.3 million acre) Owambo Basin concession. Comprising blocks 1714A, 1715, 1814A, and 1815A in northern Namibia, the concession is adjacent to the Angola border. Seismic data will be acquired to confirm 16 new structural leads.... Read more »

Posted on : Saturday , 17th January 2015

 New Age has commenced oil production from the Nené Marine field, located in Marine XII Block, offshore Congo, eight months after obtaining the production permit and just 16 months from discovery.   The Nené Marine field is located offshore 17 kilometres from the coast, at a water depth of 28m and is near existing oil facilities. The field produces from the pre-salt Djeno reservoir about 2,500m below the seabed. The.... Read more »

Posted on : Saturday , 17th January 2015

 Tullow Kenya is to drill its first exploration oil well in Elgeyo Marakwet later this year, as the company continues to expand its oil and gas search into new areas within the country.   The oil exploration company said the proposed exploration well named Lekep-A , will be the first exploration well to be drilled by Tullow on Block 12A.   Speaking at a meeting with Elgeyo Marakwet leaders held Rob Gerrits, and the Tullow.... Read more »

Posted on : Saturday , 17th January 2015

 ION Geophysical has announced that it has signed the first of a kind offshore multi-client 2D seismic survey  agreement with the Puntland Petroleum and Minerals Agency.   According to ION Geophysical the survey will help demarcate  a block boundary scheme  for future licensing activity as well as provide more than 7,600 km of pre-stack depth-migrated data to help explorationists gain a better understanding of both the.... Read more »

Posted on : Friday , 16th January 2015

 Wentworth Resources has announced the beginning of drilling operations on the Kifaru-1 exploration well by the Helmerich & Payne rig #243 in the Rovuma Onshore Concession in northern Mozambique.   The Kifaru-1 exploration well is targeting Miocene sands, similar to the reservoirs in the Mnazi Bay and Msimbati gas fields in southern Tanzania, as well as Oligocene and Cretaceous sands.   The Kifaru-1 well has a planned.... Read more »

Posted on : Friday , 16th January 2015