Category: Top News
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
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
NAMIBIA: Global Petroleum Enters Next Licence Phase for PEL94
Global Petroleum has announced that the Ministry of Mines and Energy has agreed to its proposal to enter into the next licence sub-period from September 2021 to September 2022, in … Read More
