zoomSource: African Petroleum Senegal’s Petrosen is seeking tenders for two blocks offshore Senegal, including the Senegal Offshore Sud Profond (SOSP) block, much to African Petroleum’s surprise. Namely, African Petroleum holds a 90% operated working interest in the SOSP block and the National Oil Company Petrosen holds the remaining 10% equity. The SOSP PSC is currently the …
The German Force Is Out to Get Oil
Germany has not been identified with a large, influential independent oil and gas company. The proposed merge of LetterOne and BASF attempts to change that premise. The two companies have signed a Business Combination Agreement to merge their oil and gas businesses and create Wintershall DEA. Closing of the transaction is subject to customary …
In 24 Months, Nembe Creek Trunk Line Will Be Running Empty
Work is far advanced on alternatives to the “renowned” Bonny Terminal Nigerian companies pumping crude oil into the Nembe Creek Trunk Line (NCTL) have advanced so much in progressing alternative routes that several sources are “so sure” that there will be hardly a drop of crude pumped into that line by June 2020. The …
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Global Petroleum finds silver lining in Tullow’s dry well
Global Petroleum Limited, an oil company focused on exploration in Namibia, is not discouraged by the recent dry well drilled by Tullow near Global’s assets. In fact, Global is encouraged by the result, as the well showed traces of hydrocarbons. Commenting on Tuesday, Global Petroleum noted the Tullow drilling result, and said it was encouraged by …
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New Age seeking farm-out partner for South Africa block
Oil and gas operator New Age Energy is seeking a farm-out partner for its Algoa-Gamtoos license offshore South Africa. New Age is the operator of the block with a 50 percent ownership, with Rift Petroleum – a subsidiary of Tower Resources – owning the remaining 50 percent. Tower Resources on Friday said New Age Energy …
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Halliburton, Exceed get service contracts for Aker Energy’s Ghana campaign
Aker Energy, an oil company established in February 2018, has awarded contracts for its appraisal well offshore Ghana to Maersk Drilling, PMD Viking Ghana Limited, Halliburton Ghana, and Exceed Well Management. Representatives from Maersk Drilling, PMD Viking Ghana Limited, Halliburton Ghana Limited and Exceed Well Management Ghana Limited at a signing ceremony in Accra. Source: Aker …
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Dry hole for Tullow off Namibia
zoomOcean Rig Poseidon; Image source: Pancontinental Oil & Gas Tullow Oil has encountered non-commercial hydrocarbons at its Cormorant-1 exploration well in the PEL-37 license, offshore Namibia, and the well is being plugged and abandoned. Tullow said on Monday that the Cormorant-1 exploration well has been drilled to a total depth of 3,855 meters and penetrated …
South Sudan Signs Extends Oil Exploration, Production Deals For 3 Blocks
South Sudan extended oil exploration and production agreements for three blocks, the petroleum minister said on Monday, seeking to revamp activity in the sector which ground to a halt after years of civil conflict. The government said last week it expects to hit peak oil output of 350,000 barrels per day (bpd) by mid-2019 as …
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US Energy Operations Begin Recovering After Tropical Storm Gordon
Energy companies and port operators along the U.S. Gulf Coast took steps on Wednesday to resume operations after Tropical Storm Gordon shut more than 9 percent of the region's oil and gas output. Gordon never became a hurricane as forecast and weakened into a depression on Wednesday, just hours after making landfall near the Alabama-Mississippi …
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Seplat Output Drops Quarter on Quarter
Seplat Petroleum’s oil and gas production experienced a slight reduction from first quarter to second quarter 2018, largely on account of shut ins caused by leakages in the Trans Forcados Pipeline. Gross liquid output dropped from 61,150BOPD in 1Q 2018 to 52,262BOPD in the 2Q. Gross daily Gas Production was 351MMscf/d in 1Q, declining to …
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