As Libya works to sustain its recent production recovery, the African Energy Chamber (AEC) says Angola’s regulatory reforms offer a useful example of how policy certainty can help attract long-term upstream investment.
Kosmos Energy (NYSE/LSE: KOS) (“Kosmos” or the “Company”) is pleased to provide the following update on activities across its portfolio:
Eco (Atlantic) Oil & Gas, the oil and gas exploration company focused on the offshore Atlantic Margins, has received formal Ministerial approval from the Ministry of Industries, Mines and Energy of Namibia for the Section 11 assignment relating to the Company’s previously announced farm-out of its 85% participating interest in Petroleum Exploration Licence 98 (‘PEL 98’), offshore Namibia, to an arm’s-length wholly Namibian-owned company, Lamda Energy.
Magnolia Oil & Gas Corp. has emerged as the front-runner to acquire closely held WildFire Energy for more than $4 billion in what would rank as its largest-ever acquisition, according to people familiar with the matter.
Zephyr Energy has expanded its operated position in Utah’s Paradox basin by acquiring approximately 27,000 additional acres, doubling its acreage around the company’s White Sands Unit (WSU) and strengthening its development position in the Cane Creek reservoir.
Saudi Aramco has resumed crude oil loadings at its Ras Tanura terminal after a halt that has lasted nearly four months, Reuters reported on Friday.
Aker Solutions has been awarded a five-year engineering and maintenance services agreement by Cenovus Energy to support operations at the White Rose field offshore Newfoundland and Labrador, Canada.
London-based Tower Resources has received final approval from the Namibia Ministry of Industries, Mines and Energy to complete the farm-out of the PEL96 offshore licence to Prime Global Energies, Tower Resources announced on Thursday.
François Bacci, managing director of Ponticelli Angola, talks to The Energy Year about shifting towards maintenance and life-extension projects as activity in Angola’s upstream projects levels off and leveraging the group’s downstream and renewables capabilities to capture opportunities.
Africa’s largest refinery has purchased crude oil from the United Arab Emirates for the first time, widening its supplier base as persistent shortages of Nigerian crude continue to complicate efforts to feed one of the world’s biggest single-train refining complexes.