OilNews

Fast-Track PSTM Data from CGG’s Mozambique Multi-Client Survey Out

CGG has announced that the fast-track 3D seismic data from its recent Mozambique multi-client survey in the outer Zambezi Delta Basin is now available for license. Interested international oil companies with an Africa focus can view the high-end data set in CGG data rooms in anticipation of the country’s 2019 licensing round. In an announcement …

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Africa Oil Week 2018 highlights key challenges & opportunities facing the oil and gas sector in Africa

The first session on Economic Outlooks of the Africa Oil Week was opened with key speakers including Jens Frølich Holte, State Secretary, Ministry of Foreign Affairs – Norway; David Hicks, Senior Vice President: Upstream, IHS Markit; Jasper Peijs, Exploration Vice President, BP; Mounir Bouaziz, VP Commercial/New Business Development South America & Africa, Country Chair Dubai …

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Outlook for Africa’s oil & gas industry improves – PwC report

The outlook for Africa’s oil & gas industry is positive amid difficult operating and economic headwinds. Tough economic and external conditions have placed pressure on oil & gas companies to be more cost-effective and efficient. Companies have adopted to a low-cost environment, which promises to be even more beneficial given the current recovering oil price. …

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Lundin Petroleum faces potential corporate fine & forfeiture of economic benefits in relation to past operations in Sudan

Lundin Petroleum has received notification from the Swedish Prosecution Authority on 1 November 2018 that the Company may be liable to a corporate fine and forfeiture of economic benefits in connection with the preliminary investigation into past operations in Sudan from 1997 to 2003. The Swedish Prosecution Authority has issued a notification of a corporate fine and …

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Public Hearings for the ESIA Report for Uganda’s Proposed Tilenga Development Project

https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeI.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeII.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeIII.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeIV.pdf https://www.pau.go.ug/uploads/TILENGA_ESIA_VolumeV.pdf http://ug.total.com/sites/default/files/atoms/files/final_tilenga_project_rap1_report.pdf  

FAR Ltd Secures 24 month ESIA License Renewal For Kenya’s Block L6

Australian explorer FAR has reported that it has secured a 24-month renewal to the existing Environmental and Social Impact Assessment License in effect across the onshore areas of Block L-6 from the Ministry of Petroleum and Energy. This renewal comes even as the company continues to seek another non-operations extension to the current Permit Year …

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Simba Essel Seeks Drilling Permit for Block 2A

Block 2A operator Simba Essel has submitted a technical presentation to the Ministry as part of their application to obtain a formal permit to drill after review of data pertaining to the interpretation of seismic data from the recent survey which produced a total of five hundred and twenty (520) kilometers of 2D seismic lines …

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Total and CNOOC Strengthen Their Long-Term Cooperation in LNG

Total and CNOOC have signed an amendment to their existing sale and purchase agreement (SPA) for liquefied natural gas (LNG) supply to further strengthen their cooperation in the LNG business. The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced from Total’s global LNG portfolio, and …

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Weatherford announces sale of laboratory services business

Weatherford International has signed a definitive agreement to sell its laboratory services business to a group led by CSL Capital Management for $205 million in cash. Under the agreement, Weatherford will divest its laboratory and geological analysis business, including personnel and associated contracts. After exiting the laboratory business, Weatherford will continue to maintain a close, …

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