N e w s

Orrick advises Maurel & Prom on renewal of Gabon licenses and renegotiation of PSA

 Orrick Rambaud Martel has advised Établissements Maurel & Prom, one of France’s largest oil companies, on the renewal of its seven exclusive exploitation and development licenses in Gabon covering 6,100 km and on the renegotiation of the related production sharing contract with the Government. The Gabonese State and Maurel & Prom S.A., the Gabonese subsidiary of the French oil & gas exploration company listed on.... Read more »

Posted on : Wednesday , 10th September 2014

Ghana Gas ready as final test proves successful

 The Ghana National Gas Company (Ghana Gas) has expressed satisfaction with work on the Atuabo Gas Plant as a test run on the plant proved successful. A series of tests was carried out over the weekend on the 111-kilometre Onshore pipelines from Atuabo in the Ellembelle district to Aboadze in the Shama district. The test formed part of the process to check the integrity of the pipeline and to identify and correct potential leakages along.... Read more »

Posted on : Wednesday , 10th September 2014

Afrox Secures $13.7m Exxaro Contract For Nitrogen Supply

JSE-listed gas and welding firm, African Oxygen (Afrox), on Thursday said it had signed a five-year R147 million ($13.7 million) contract with Exxaro FerroAlloys, a unit of the JSE-listed mining resources firm, Exxaro.   In terms of the deal, Afrox will supply nitrogen to Exxaro FerroAlloys’ factory in West Pretoria, South Africa. Afrox will also be injecting money in promoting its distribution pipeline to meet the demand from the.... Read more »

Posted on : Tuesday , 9th September 2014

Aminex increases Tanzanian discovery estimates to 1.9Tcf

 Aminex has announced that following the Company’s newly acquired seismic in Tanzania  shows larger resources estimates than earlier anticipated.   The new interpretation by Aminex over the Ntorya discovery in the Ruvuma PSA shows that Likonde and Ntorya are connected at the Cretaceous level and based on the recent 2014 seismic programme estimates of the resources have increased from 1.2 Tcf to 1.9 Tcf (Pmean.... Read more »

Posted on : Tuesday , 9th September 2014

DNO gets 2 year extension for Block SL18, Somaliland

 Norwegian oil and gas operator DNO has said it has been granted a two-year extension of the term of its production sharing agreement for Block SL18 in Somaliland.   DNO which has a 50 percent stake as operator in Block SL18 will now see the first exploration period will now end on 8 November 2017.   Already the partners of Block SL18 have completed field survey and environmental assessment studies and now says will initiate a.... Read more »

Posted on : Tuesday , 9th September 2014

SASOL considering expanding into Tanzania, Ghana and Angola

 Sasol is seeking into expanding into more Eastern and Western African countries according to an interview with Reuters on Monday.   The South African company earlier in the year reported it was conducting a study to build a gas-to-liquid (GTL) plant in northern Mozambique with Italian oil and gas group as its first priority in Mozambique in an interview with the CEO David Constable.   Asked on which countries the company.... Read more »

Posted on : Tuesday , 9th September 2014

Africa: UN Licences Kick off Search for Underwater Minerals

 The International Seabed Authority (ISA) has begun issuing exploration licences for mining the yet untouched floor of international waters raising concerns about potential environmental impacts.   The licenses, issued on 21 July, grant prospecting rights for underwater minerals to private and state-owned companies from Brazil, Cook Islands, Germany, India, Russia, Singapore and the United Kingdom.   ISA, the UN body.... Read more »

Posted on : Monday , 8th September 2014

Egypt:TransGlobe Energy discovers oil and wins concession

 TransGlobe Energy has announced the discovery of a Lower Nukhul oil discovery at NWG 3, a gas/condensate test at North Dabaa 2, and has been awarded a new concession in Egypt’s Western DesertThe oilwell at Lower Nakhul was drilled to a total depth of 1,633 metres and encountered 12.8 metres of net oil pay in the prolific Lower Nukhul formation based on well logs and oil recovered on wireline samples. The Lower Nukhul sandstone.... Read more »

Posted on : Friday , 5th September 2014

Namibia:Global Petroleum s subsidiary gets licence extension

 Global Petroleum’s wholly-owned subsidiary Jupiter Petroleum (Namibia) has received a 12-month extension on the initial exploration period of Petroleum Exploration Licence No. 29, which covers blocks 1910B and 2010A in Walvis Basin offshore Namibia According to the firm, the initial exploration period of the licence will now be valid until December 2015. Entering into the second period of the licence with Namibian Ministry of Mines.... Read more »

Posted on : Thursday , 4th September 2014

Ghana:Lukoil finds oil and gas offshore

 Emmanuel Armah-Kofi Buah, energy minister of Ghana, said, “Lukoil has come to report a discovery and under the petroleum agreement they have 90 days to do an appraisal to determine whether it is commercial.” Lukoil joined the project for exploration, appraisal, development and production of hydrocarbons on the CTPDW Block in July 2006. A new framework agreement on the project was signed in June 2009. The project participants.... Read more »

Posted on : Thursday , 4th September 2014

British Companies Explore More Kenya Oil

Nairobi — TOWER Resources, the British oil and gas exploration firm, expressed encouragement at progress made in its operation in Kenya.   The company is involved in a couple of wells in the East African country.   "(Tower is in) preparation for the drilling of the potentially play-opening Badada-1 well, Block 2B, Kenya, including the ordering of long-lead items.   "Encouraging result from Sala-1 well in the.... Read more »

Posted on : Thursday , 4th September 2014

Ghana:Delayed gas project to start production end-2014 – President

  Ghana's delayed project to supply gas from its offshore Jubilee oil field will start production by the end of the year, President John Mahama said on Tuesday during a visit to the site.   "Some gas will start flowing soon but commissioning will be when the full volume of 120-million standard cubic feet of gas is being tramsitted to Aboadze and I suppose that will be sometime by the end of this year," Mahama told.... Read more »

Posted on : Wednesday , 3rd September 2014



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