OilNews

Exclusive: Pate 2 & 3 Wells Could Face Further Delays As Sakson & Kenyan Agent Head to Court

The continuation of Pate 2 and 3 wells in Lamu’s block L4 is in doubt after the rig owner Sakson Drilling & Oil Services and its Kenyan agent Gas & Oil Exploration Consultants Limited (GASOILEX) fell out over unpaid commissions as part of the mobilization fee and as an agent for acting as an agent …

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CGG’s Helitem Shatters AEM Low-Frequency Barrier to Target Deeper Resources

CGG Multi-Physics is pleased to announce that its Helitem helicopter time-domain electromagnetic system has successfully acquired high-quality, broad-spectrum Airborne Electromagnetic (AEM) data at a base frequency of 7.5 Hz. This is a significant breakthrough for resource exploration worldwide, and an industry first. As shallow mineral resources are depleted, and mining activity moves to ever greater …

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Somalia to Implement Oil, Mining Framework

The Ministry of Petroleum and Mineral Resources of the Federal Republic of Somalia has drafted regulations to manage the country’s petroleum and mineral resources sectors, especially in regard to ownership and revenue sharing. The agreement was made by the federal government and the federal member states of the National Security Council and facilitated and assisted …

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Anadarko in Heads Of Agreement with Tokyo Gas and Centrica to sell Mozambique LNG

Anadarko has announced Mozambique LNG1 Company, the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Heads of Agreement (HOA) with Tokyo Gas and Centrica LNG for the long-term supply of LNG. The co-purchasing off-take agreement calls for the delivered ex-ship supply of 2.6 million tonnes per annum (MTPA) from the start-up of production until the early 2040s. ‘Tokyo Gas and …

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Drillinginfo Acquires 1Derrick and PLS’s research and database business

Drillinginfo, the leading energy SaaS and data analytics company, has announced the acquisition of 1Derrick and PLS’s research and database business, two highly visible companies in the oil and gas industry that offer solutions for sourcing, valuing, and analyzing asset and corporate transactions. These acquisitions position Drillinginfo as a global leader in delivering intelligence on …

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CGG Completes Mozambique Multi-Client Survey in Zambezi Delta

CGG has completed acquisition of 15,400 km2 of 3D marine seismic data in the outer Zambezi Delta Basin, west of the Beira High. The survey area covers blocks Z5-C and Z5-D and surrounding non-held acreage. This is the first survey to be conducted following the agreement CGG signed with Mozambique’s Instituto Nacional de Petroleo (INP) …

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Swala Oil & Gas Pushes Kito 1 Well Drilling to 2019

The drilling of the Kito 1 well in Tanzania’s Kilosa Kilombero license will likely happen in 2019 following the signing of a Memorandum of Understanding between Swala Oil and Gas, the Tanzania Petroleum Development Corporation and the Tanzania Wildlife Management Authority that will ensure that the explorer receives, in a timely fashion, all necessary permits …

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Exxon Mobil Seeks to Exit Tanzania’s Offshore Block 2

U.S explorer and world’s largest public listed oil and gas company Exxon Mobil is reported to be ditching Tanzania for neighboring Mozambique according to a report by Reuters citing three undisclosed banking and industry sources. According to the article Exxon Mobil plans to ditch offshore Block 2 in an attempt to free up cash and …

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Wentworth Resources Granted Licence Extension For The Onshore Rovuma Asset In Mozambique

Wentworth Resources has announced that regarding the Company’s formal request of a one-year extension of the Onshore Rovuma asset in Mozambique Appraisal License, the Instituto Nacional de Petroleo (‘INP’) has granted the extension. The extension will take effect from 16 June 2018 and enables Wentworth, along with its partner Empresa Nacional de Hidrocarbonetos (‘ENH’), to continue to progress pre-drilling …

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