PETRONAS Reaches Agreement to Sell its Entire Stake in Engen to Vivo
PETRONAS has reached an agreement to sell its entire 74 per cent interest in Engen Limited to Vivo Energy, one of the largest African fuel retail operators and part of … Read More
Category: Top News
GABON/EGYPT: VAALCO Energy Provides Operational Update
Reported fourth quarter 2022 production of approximately 18,175 working interest (“WI”) barrels of oil equivalent (“BOEPD”) or about 14,200 net revenue interest (“NRI”) BOEPD; Production was within VAALCO’s fourth quarter … Read More
UGANDA: UNOC Signs Production Sharing Agreement, Awarded Exploration License
Uganda National Oil Company (UNOC) has acquired a petroleum exploration license for Kasuruban, an oil and gas block in Western Uganda. The Company has also signed a Production Sharing Agreement … Read More
TANZANIA: Orca Energy Provides Operational Update
OPERATIONAL Production Demand Growth Seismic Program Jay Lyons, Chief Executive Officer, commented: “I am pleased to report that Orca continued to deliver operationally at the end of 2022 and into … Read More
Eni Launches a Major Gas Development Project in Structures A&E
Eni CEO, Claudio Descalzi, and the CEO of the National Oil Corporation of Libya (NOC), Farhat Bengdara, agreed today on the development of “Structures A&E”, a strategic project aimed at … Read More
United Oil and Gas Provides Trading & Operations Update & Guidance for 2023
Egypt, Abu Sennan licence (22% working interest) Full year 2022 production averaged 1,312 boepd net (1,137 bopd oil and 175 boepd gas), in line with revised production guidance of 1,300-1,325 … Read More
CONGO: Expro Awarded Eni LNG Pre-treatment Plant
Energy services provider, Expro Group Holdings has announced a long-term Production Solutions contract with Eni Congo S.A. a subsidiary of multinational energy company Eni S.p.A. (“Eni”) for a liquified natural … Read More
Uganda Approves EACOP Construction License
Construction of the world’s longest crude oil heat traced pipeline is finally set to kick off after the Ugandan cabinet gave a go-ahead for its construction six months after the … Read More
ALGERIA: Eni, Sonatrach Sign Strategic Agreements to Accelerate Emissions Reduction & Strengthen Energy Security
Eni CEO, Claudio Descalzi, and the CEO of Sonatrach, Toufik Hakkar, signed today in Algiers two agreements which outline future joint projects on energy supply, energy transition and decarbonisation. The … Read More
ZIMBABWE: Mukuyu-1 Evaluation Update, Operations Completed & Phase 2 Campaign Planning Commenced
HIGHLIGHTS • Mukuyu-1 ST1 identifies 13 potential hydrocarbon bearing zones • Combined 225m gross potential hydrocarbon bearing zones identified in primary Upper Angwa target • Mukuyu-1 ST1 operations completed • … Read More