Category: Countries
Africa Oil Announces Q2 2021 Financial Results
Highlights Net income of $38.4 million (first half 2021 total of $77.3 million) and end of quarter cash balance of $35.1 million. Received a dividend for $37.5 million from Prime during the quarter and a further $37.5 … Read More
GAMBIA: BP Exits A1 Block
BP has exited Gambia’s A1 block as a result of its corporate strategy towards clean energy and after failing to achieve the work requirements in the acreage according to the … Read More
Oil & Gas companies are Failing to Capitalize on MSGBC Basin’s Huge Gas Discoveries – GlobalData
Two major gas discoveries have been made in the MSGBC Basin; however, oil and gas companies so far have failed to capitalize on these significant resources, and it could be … Read More
EGYPT: Fugro Installs Subsea Structures for GUPCO with QuickVision® technology
Used for the first time in Egypt, the contactless positioning solution replaced the conventional survey sensors typically attached to subsea structures during installation. Under a contract with Dragon Oil (GUPCO), … Read More
NAMIBIA: Global Petroleum Raises £1 million to Fund PEL94 Licence Commitments
Global Petroleum has announced that it has successfully raised £1,000,000 in aggregate before costs, through the Placing of 200,000,000 Ordinary Shares at a Placing Price of 0.5 pence per share. … Read More
KENYA: T.D. Williamson Completes First Pipeline Inspection of the Mombasa to Nairobi Refined Multi-product Transmission Pipeline
T.D. Williamson (TDW), the global pipeline solutions provider, completed its first in-line inspection (ILI) in Kenya using TDW multiple dataset (MDS) technology. The MDS platform incorporates a variety of inspection … Read More
NIGERIA: Decklar Resources Continues Re-entry Operations at the Oza-1 Well Site
Re-entry operations at the Oza-1 well site continue to progress with the completion of critical initial work activities including pulling the existing tubing and the 5 ½ inch casing that … Read More
Onshore Pipeline Project Costs are Set to Increase by 4%-6% Globally by the end of 2022
The costs associated with onshore pipeline projects are likely to increase by between 4% and 6% globally by the end of 2022 against current levels, a Rystad Energy analysis reveals, … Read More
CAMEROON: Tower Resources Completes Thali PSC Farm-out to Beluga Energy
Tower Resources has executed a binding Heads of Agreement (HoA) in respect of a farm-out to Beluga Energy Limited (Beluga) of a 49% non-operating working interest in its Thali Production … Read More
