Africa and Latin America set to lead high-impact well drilling in 2024, eyeing rebound after poor 2023

The upstream industry hopes 2024 can be a bounce-back year for high-impact oil and gas drilling after a lackluster 2023, with Africa and Latin America likely to spearhead activities. Rystad … Read More

NAMIBIA; Pancontinenta Provides PEL 87 Update

HIGHLIGHTS Pancontinental Energy has provided the following project update regarding the Company’s PEL 87 exploration permit, offshore Namibia. PEL 87 3D Seismic Survey The 6,872 km 2 PEL 87 3D survey is being acquired by Petroleum Geo-Services’ Ramform Titan survey vessel, providing extremely high efficiency data acquisition … Read More

NAMIBIA: Shell Makes Oil Discovery in the Jonker-1X Deep-water Exploration Well

QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. The Jonker-1X well was drilled to a total depth of … Read More

EGYPT: Stena Drilling Signs New Contract with Shell in the Mediterranean

Stena Drilling has signed a new contract with BG Delta and BG International subsidiaries of Shell for the Mobile Offshore Drilling Unit (MODU) Stena Forth. The operations for Stena Forth in Egypt are due to commence in 2023 upon completion of … Read More

TANZANIA: Increased Upstream Activity Expected Onshore in 2023

Tanzania is expected to see increased upstream activity in 2023 in all aspects including seismic, exploration drilling, development and production buoyed by improved oil prices and goodwill from the country’s … Read More

NAMIBIA: Sintana Energy Receives Petroleum Exploration License 87 Extension Approval

Sintana Energy has provided the following update on several matters including a recently approved extension to Petroleum Exploration License 87 (PEL 87), a year-end review and 2023 outlook. “2022 was … Read More

EGYPT: Shell, EGAS & Petronas Award Idku Energy Hub project FEED to Bechtel-led coalition

Shell Egypt, EGAS and Petronas have awarded a front-end engineering and design (FEED) contract to a Bechtel-led coalition that includes Enppi and Petrojet to study a proposed unified power system … Read More