South Africa’s first deep-water discovery, reported Thursday by French oil major Total, may prompt a rush of activity offshore by competitors as the country works to cut its reliance on imported fuels. The Brulpadda find, estimated at about 1 Bbbl…
Author: Oyesanmi Joseph
Africa Oil makes significant discovery, opens South Africa petroleum province
Africa Oil Corp. has announced a significant discovery at the Brulpadda-1AX well on Block 11B/12B offshore South Africa. Africa Oil holds an indirect interest in the project as a result of its equity interest in Africa Energy (35%) and Impact…
ExxonMobil creates new upstream businesses, names new leaders
ExxonMobil Corporation will streamline its upstream organization and centralize project delivery across the company to support previously announced plans to double operating cash flow and earnings by 2025. “We’re simplifying and integrating our upstream organization to better capitalize on the…
Nigeria’s state oil company seeks $4.1 billion to lift output
Nigeria’s state-owned oil company said it’s in talks with financiers to raise as much as $4.1 billion and will seek to sign service deals to increase production from three leases. The Nigerian National Petroleum Corp., or NNPC, is in discussions…
RoyalGate Energy extends license in Equatorial Guinea
The company plans to drill in Block Z; Equatorial Guinea’s block Z holds an estimated 3.6 Tcf of gas; RoyalGate is also interested in Angola’s marginal field licensing round. African independent RoyalGate Energy has been granted an extension on its…
Why a Libyan oilfield grab could be a boon or bane for exports
Forces loyal to Libya’s eastern leader Khalifa Haftar have swept into the country’s lawless and oil-rich southern region to expel militants and secure energy facilities. The operation, if successful, could put Haftar in control of most of Libya’s oil fields…