Africa Energy Corp. (TSXV: AFE) (Nasdaq First North: AEC) (“Africa Energy” or the “Company”) announces that CNR International (South Africa) Limited (“CNR”) has provided notice to the joint venture partners that it will withdraw from its 20% interest in accordance with the joint operating agreement in respect of Block 11B/12B, Offshore the Republic of South Africa (“JOA”).
John Kobina Abam Aboah Sanie (right), Deputy Minister of Energy, in a discussion with Adama Gaye (2nd from left), Former ECOWAS Communications Director, and Gilbert Da Costa (left), Chief Executive Officer, Offshore Africa Magazine, at the summit. Picture
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in partnership with industry operators and service providers have analysed ways to harness Nigeria’s 1.6 billion heavy crude oil reserves, out of which it said only 5% is currently developed.
The company has discovered gross recoverable hydrocarbons of up to 39 million barrels of oil equivalent (mboe) in the North Sea.
SLB OneSubsea has won a contract to provide FEED for Equinor’s all-electric subsea project at a field offshore Norway, the SLB-Aker joint venture said on Thursday.
TotalEnergies will sell its entire interest in the UK’s West of Shetland gasfields to the Prax Group, the French company said on Thursday.
Namibia’s nascent oil industry is going from strength to strength following several discoveries that have provided great enthusiasm around the future of Namibian oil. The recent success of the industry is somewhat surprising considering the failed exploration projects of previous decades. Based on several new finds, energy experts believe that Namibia could quickly become as big as Guyana in terms of its crude reserves, which has gained it huge interest from local and international oil companies.
Crude oil production in Ghana declined for the fourth consecutive year in 2023, the Public Interest and Accountability Committee (PIAC) said recently.
Italian energy giant Eni has signed a binding agreement with Hilcorp, one of the largest U.S. private companies, for the sale of its upstream offshore assets Nikaitchuq and Oooguruk in Alaska.
After receiving preliminary approval from Israel’s Energy Ministry, partners in a gas field off the coast of Israel are expected to reach a decision on the expansion of the natural gas export capacity from the field, while stepping up domestic supply. The approval is perceived to constitute the basis for launching the next step of the field’s development.