News
BP, Eni Greenlight Cross-Block Project offshore Angola
13+ hour, 50+ min ago (520+ words) Azule Energy, the 50: 50 joint venture of BP PLC and Eni Sp A focusing on Angola, has decided to proceed with an oil development spanning 5 fields across Blocks 31 and 31/21 in the waters of the Central African country. The Greater PAJ Project…...
Vitol Supplies Emergency Fuel to Zambia in IMF-Opposed Deal
4+ day, 5+ hour ago (167+ words) Vitol Group is supplying diesel to Zambia via exclusive access to a pipeline that lasts through September, in an emergency arrangement the International Monetary Fund has urged authorities to end. In 2022, Zambia granted trading house Vitol and its local partner…...
Eni Gets Exploration Block offshore Gambia
2+ week, 1+ day ago (457+ words) Eni Sp A has won an exploration block in Gambian waters, expanding its footprint in the West African segment of the Atlantic margin. Eni executed a Petroleum Exploration Development and Production License Agreement for Block A1, which spans 1, 300 square kilometers (501. 93 square…...
Energean Faces Competition for Chevron Stakes in Angola Blocks
2+ week, 5+ day ago (606+ words) Chevron Corp has received a notification from Etu Energias that Etu Energias is exercising its pre-emption right in an agreement under which Chevron is selling its interests in 2 producing oil and gas licenses offshore Angola to Energean PLC. However, the…...
Energean Faces Competing Bid for Chevron Stakes in Angola Blocks
2+ week, 5+ day ago (615+ words) Chevron Corp has received a notification from Etu Energias that Etu Energias is exercising its pre-emption right in an agreement under which Chevron is selling its interests in 2 producing oil and gas licenses offshore Angola to Energean PLC. However, the…...
Equatorial Guinea Clears Europa Oil's Block Farm-Out to Chinese Firm
3+ week, 1+ day ago (365+ words) Europa Oil &Gas (Holdings) PLC said it is moving closer to drilling the Barracuda prospect offshore Equatorial Guinea after the Central African country approved the entry of a new Chinese partner in the relevant license. Antler Global Ltd, in which…...
South African Port Authority Inks Deal for Regasification Project
3+ week, 4+ day ago (492+ words) South Africa's Transnet National Ports Authority (TNPA) has executed a 25-year terminal agreement with Ukwanda LNG for a regasification project at the Port of Ngqura. The project involves the installation of a temporary floating unit at the deepwater port and…...
Senegal Targets $7. 5 B Gas Project to End Energy Subsidies
1+ mon, 1+ week ago (326+ words) Senegal's state-owned oil company said the Yakaar-Teranga gas discovery will cost $7. 5 billion to develop, but will help the country slash energy subsidies once on stream. The project could sharply reduce Senegal's $1 billion-a-year subsidy bill and ultimately help to replace imported…...
Perenco Raises Oil Production Capacity in Congo-Brazzaville
1+ mon, 1+ week ago (457+ words) Perenco has completed an enhanced oil recovery project at the Tchibouela East field offshore the Republic of the Congo. The five-well infill drilling campaign had "a sustained material uplift in production, providing an additional 6, 000 barrels of oil per day", Perenco…...
BP, Eni Fire Up New Field offshore Angola
4+ mon, 4+ hour ago (317+ words) Azule Energy Holdings Ltd -Eni Sp A and BP PLC's 50-50 joint venture in Angola -and its partners have started producing oil in the "Ndungufull-field", part of the Agogo Integrated West Hub Projectin the waters of the Central African country. Ndungu…...