The primary exploration target for wells 25/2-24 S and A was to prove and delineate remaining petroleum deposits in the Frigg Formation in the Øst Frigg Beta structure, which produced gas from 1988 to 1997.
Invictus Energy has raised over US$23 million for the next phase of Cabora Bassa oil and gas exploration and appraisal.
WTI Midland, the light sweet US grade, is being blended with heavy Brazilian grades to produce a cheaper Nigerian lookalike, which is undercutting the Nigerian crude grades in Europe and pushing down buying interest for Nigerian cargoes, multiple trading sources told S&P Global Commodity Insights.
The African Energy Chamber (AEC), the voice of the African energy sector, is proud to announce that Emmanuelle Garinet, Vice President for Exploration Africa at global energy major TotalEnergies, will speak at the African Energy Week (AEW) (https://AECWeek.com/) 2023 conference and exhibition, Africa’s premier energy event, taking place from October 16-20 in Cape Town. During […]
The last time Nigerians benefited from their country being an oil producer was during the post-civil war years under General Yakubu Gowon.
Libya’s Oil and Gas Minister Mohamed Aoun to Lead E&P Dialogue During African Energy Week (AEW) 2023
Following several disruptions to oil and gas activity in recent years, Libya’s energy sector is on the cusp of a transformation with new fields being brought online, production accelerating across key assets and upstream campaigns unlocking new finds in untapped acreage.
Crude oil production from Argentina’s burgeoning shale patch, Vaca Muerta, could surge in the coming years and top 1 million barrels per day (bpd) by the end of the decade – but only if takeaway capacity and rig availability do not limit growth.
State-owned Kuwait Oil Co (KOC) has announced plans to award 22 projects to local and foreign firms in the next few months, Zawya Projects reported, citing the Arabic language daily Alanba.
If it was Russia’s intention to send oil tumbling after its oil minister last week said that OPEC+ has no intentions of cutting production, in the process inviting another round of shorts and bearish CTAs, well… mission accomplished: on Wednesday oil tumbled more than 3% following the latest dismal Chinese PMI data, and followed a 4.4% drop on Tuesday the black gold is now on pace for its worst month since November 2021.
Colombia’s economically crucial energy patch is facing a grave crisis due to its shortage of proven oil and natural gas reserves coupled with leftist President Gustavo Petro’s plan to end awarding new exploration contracts