s position as a dominant license holder offshore Namibia. Pan African Oil, an Africa-focused oil and gas explorer, operates two licenses in offshore Namibia, which covers around 13,000 sq km. The company has already completed the first term work commitments for both licenses, and has found a potentially new prospective geological fairway. The Canadian explorer Eco (Atlantic) Oil and Gas owns and operates four licenses in Namibia, three.... Read more »

Posted on : Monday , 29th December 2014

 UGANDA'S progress in transforming the oil assets and the plan to build refinery project has attracted criticism, skepticism and resistance, a challenge that will test government’s stamina to make independent decision for the benefit of its citizens.This is after protracted efforts to search for oil and gas in the Lake Albert basin confirmed 2.5 billion barrel of crude oil in reserves meaning that at least one billion barrels oil.... Read more »

Posted on : Monday , 29th December 2014

 East Africa has been emerging as a major new frontier in the oil and gas industry for some time, and the latest news that Somalia has opened itself up to exploration is a further sign that the region is aware of the limitless potential that its oil and gas reserves present.   The world's oil and gas industry has been keeping increasingly close tabs on East Africa as a slew of new projects have sprung up, with gas reserves being.... Read more »

Posted on : Monday , 29th December 2014

 Nigeria Liquefied Natural Gas Company (NLNG) is courting financial investors for the construction of a dry dock for the maintenance of large oil and gas vessels in Badagry, Lagos State.   The public and private owned gas company say the construction of the dock will save huge foreign exchange for Nigeria as well as create real value for the economy.   “This dry-dock, when completed, holds huge potential for the.... Read more »

Posted on : Wednesday , 24th December 2014

 Collaboration between the heads of security of oil and gas companies and suppliers to the industry will help minimise security challenges in Africa, according to Doug Byers of shipbuilding and maritime solutions company Nautic AfricaNautic Africa’s business development manager said that the heads of security of companies such as Shell Nigeria, Subsea7, Tidewater, Halliburton and Statoil work under extremely challenging conditions and.... Read more »

Posted on : Wednesday , 24th December 2014

 The USD 710m project award includes the provision of full EPCIC services of an offshore processing facility, as well as associated subsea infrastructure developments.   Swiber did not name the contractor or specify where the project is to take place.   For the contract scope and duration, Swiber will be mobilising a full and dedicated project management team.   “The award of this Project in West Africa to Swiber.... Read more »

Posted on : Wednesday , 24th December 2014

 BG Group has entered into an agreement with GasLog Ltd for them to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for proceeds of $460 million.   BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and eleven years with further options to extend the term for each vessel by either three or five years.   The transactions provide BG Group with flexibility in.... Read more »

Posted on : Tuesday , 23rd December 2014

 Tower Resources has announced that it has reached agreement with the Operator, Repsol Exploration (Namibia) (Pty) Limited relating to the disputed costs associated with the drilling of the Welwitschia prospect, offshore Namibia.   As announced on 3rd September 2014, the Operator’s estimate of well and other related costs for the drilling of the Welwitschia prospect, which had been completed on 15th June 2014, had increased to.... Read more »

Posted on : Tuesday , 23rd December 2014

 Total has today reached another milestone for the Egina project in Nigeria, as an intensive drilling program got under way.   The company has mobilized two rigs which will be kept busy for a total of 3,000 days, drilling 44 wells in water depths ranging between 1,400 and 1,700 meters.   “This is the deepest offshore project ever operated by Total,” comments Jean-Michel Guy, Executive General Manager of the Egina.... Read more »

Posted on : Tuesday , 23rd December 2014

NEW DELHI -- India's state-run businesses are seeking to acquire stakes in oil and gas blocks in Africa, form joint ventures in the continent and supply organic gas to meet increasing fuel demand at property, Indian Oil Minister S. Jaipal Reddy mentioned... Today as considerably as 21.five% of India's crude oil imports are from Africa. In the years ahead, we seek far more crude oil and liquefied organic gas from Africa," Mr. Reddy stated.... Read more »

Posted on : Tuesday , 23rd December 2014

 Kuwait Energy Co. (KEC) saw a discovery on the East Ras Qattara development lease in Egypt’s Western Desert. The discovery was made with the drilling of the Shahd-4 well in the Wadi El Natrun formation (Jurassic). KEC holds a 49.5% revenue interest in the East Ras Qattara development lease, while the remaining 50.5% is held by Chile’s state-run ENAP’s international unit Sipetrol. Tests of the Wadi El Natrun formation.... Read more »

Posted on : Monday , 22nd December 2014

 Dogged by a myriad of obstacles since commercially viable quantities of oil and gas were first announced in 2006, the oil and gas sector registered several milestones this year than it possibly did in the first six years of discovery. Just a month into 2014, the government agreed with the three oil companies, Tullow Oil Uganda, Total E&P and the Chinese National Offshore Oil Corporation (CNOOC) on the Field Development Plan paving way.... Read more »

Posted on : Monday , 22nd December 2014