ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday.ExxonMobil said it signed an agreement with…
Oslo-listed BW Offshore said it will float BW Energy this year to help expand the oil and gas business, particularly in Brazil, as its first quarter earnings rose 72%.Shares in BW Offshore, originally an owner of floating production, storage…
Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures…
Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan.Deepwater exploration is starting to get serious, again. If fact, French oil major Total is lined up to drill what will be a new deepwater drilling record later this year…
Private equity fund Seacrest Capital is in talks to sell part or all of its British North Sea-focused oil exploration firm Azinor Catalyst, which could fetch between $60-$100 million, having received unsolicited offers for it, banking and industry sources said…
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year…
Three years after Tower Resources and its partners relinquished their assets in Namibia, the company has returned after signing a new Petroleum Agreement it previously promised shareholders and which gives it an 80 percent operated interest…
The oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, Eco Atlantic Oil & Gas announced its drilling plans for 2019 on the Orinduik Block, offshore Guyana.The Canadian company has confirmed that…
Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore in Southern West Africa.Initially, the alliance will focus on Namibia, where…
Azinam, financially backed by private equity firm Seacrest Capital, will plug and abandon its Prospect S well in Petroleum Licence (PEL) 71 offshore Namibia, it said on Thursday.'The anticipated stacked target reservoirs were penetrated and the well encountered wet gas shows…
The Atlantic margins focused oil and gas exploration company Chariot Oil & Gas Limited has announced the result of the well on the Central Blocks license, offshore Namibia (Chariot 65% (Operator), Azinam 20%, NAMCOR 10% and Ignitus 5%).The well has been safely drilled to a total MD of 4…
Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday.'The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia…
Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area…
Pancontinental Oil & Gas has signed a petroleum agreement (PA) for its second block offshore Namibia. Under the agreement, the firm has committed to a four-year exploration program. Pancontinental also will become project operator with 75% interest in Block 2713 in the Orange Basin…
ONGC Videsh has entered an agreement with Tullow Oil to acquire a 15% participating interest in the offshore Namibia Petroleum Exploration License 0030 for Block 2012A. India-based ONGC Videsh said today (21 November) the completion of…
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