Africa ///

Apache reports strong results from discoveries in Egypt's Western Desert

Apache Corp. has reported strong appraisal- and development-drilling results from Egypt following the discovery of two new oil fields in the Western Desert.

VAALCO Energy strikes out offshore Angola

VAALCO Energy’s post-salt Kindele-1 well, its first exploration well on Block 5 offshore Angola, was drilled to a total vertical depth of approximately 1,829 m, the company confirmed Monday. The objective reservoir, the Mucanzo sand formation in the Pinda Group section, was found to be water-bearing and the well is in the process of being plugged and abandoned.

Total completes $1 billion of onshore divestments in Nigerian blocks

Total has completed the divestment of its stake in onshore Oil Mining Lease (OML) 29 to Aiteo Eastern E&P, a Nigerian company, for $569 million. Together with the recently completed divestments of OML 24 and OML 18, Total’s share of sale proceeds from these three onshore Nigerian blocks amounts to over $1 billion.

Statoil makes eighth discovery in Tanzania's Block 2

Statoil's Mdalasini-1 exploration well has resulted in a new natural gas discovery offshore Tanzania, the Stavanger-based company reported Monday.

Schlumberger unit to pay $233 million in Iran, Sudan sanctions case

Schlumberger Oilfield Holdings Ltd., a wholly owned subsidiary of Schlumberger Ltd., has agreed to enter a guilty plea and to pay a $232,708,356 penalty to the U.S. for conspiring to violate the International Emergency Economic Powers Act by willfully facilitating illegal transactions and engaging in trade with Iran and Sudan.

ION expands West African data library with acquisition of NamibiaSPAN

ION Geophysical has announced the completion of the seismic acquisition stage of the company's NamibiaSPAN program, which extends the full length of Namibia's offshore continental margin.

Shell completes sale of OML18 in Nigeria

Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, has completed the sale of its 30% interest in OML 18 and related facilities in the Eastern Niger Delta.

Sonardyne Fusion 6G chosen for Moho Nord field development

YATELEY, United Kingdom -- Sonardyne International Ltd. has been awarded a multi-million pound contract by UTEC, an Acteon company, to supply Fusion 6G acoustic positioning technology for the Moho Nord subsea project, 75 km off the coast of Congo.

Mubadala Petroleum to evaluate hydrocarbon potential offshore Morocco

Mubadala Petroleum has signed an agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to carry out an evaluation of the hydrocarbon potential of a large area offshore Morocco’s Mediterranean coast.

NewAge assumes operatorship of Etinde field, offshore Cameroon

LONDON -- NewAge (African Global Energy) Ltd. has taken over operatorship, from Euroil (a subsidiary of Bowleven plc), of the Etinde Exploitation Authorization Area, formerly Block MLHP7, offshore Limbe in southwest Cameroon.

Algeria seeks global oil producers’ accord to halt price decline

Algeria is seeking to coordinate a global response from oil-producing nations to tumbling prices, Algeria Press Service reported, citing Energy Minister Youcef Yousfi. Crude fell to a six-year low in New York on Monday.

JDR expands service footprint in West Africa

JDR, a provider of technology connecting the offshore energy industry, has expanded its footprint by establishing a new service and maintenance facility in Port Harcourt and Lagos, Nigeria in partnership with Royal Niger Emerging Technologies.

GE nets $850-million order for Ghana’s Offshore Cape Three Points Block

GE has announced the booking of an $850 million order across its oil and gas business for the supply of equipment to the Offshore Cape Three Points (OCTP) Block, Ghana.

Italy’s Eni reports success in Indonesia, Libya

Eni has completed post-drilling studies on the Merakes-1 gas find, in Indonesia’s deepwater East Sepinggan Block, which indicate significant upside gas potential. Eni is the operator of the block with an 85% interest.

Chariot completes seismic survey offshore Namibia

Chariot Oil & Gas Limited has completed its 2D seismic survey in its Central Blocks 2312 and 2412A offshore Namibia, in conjunction with its partners AziNam (20%), NAMCOR (10%, carried interest) and Ignitus (5%, carried interest).

RAK Petroleum reports discovery offshore Côte d'Ivoire

RAK Petroleum announced Monday that the Marlin North-1 well drilled by Foxtrot International LDC offshore Côte d'Ivoire flowed gas and oil from the Turonian and Lower Senonian intervals, neither of which had previously tested hydrocarbons on Block CI-27.

Regional report: East Africa

Ron Bitto, Contributing Editor

Energy development will bring economic progress to the emerging nations of East Africa

BP in second deepwater gas find offshore Egypt

LONDON -- BP Egypt announced another gas discovery in the North Damietta Offshore Concession in the East Nile Delta on Monday.

BP finalizes $12-billion deal to develop Egypt’s West Nile Delta

BP announced Friday that it has signed the final agreements of the West Nile Delta project to develop 5 Tcf of gas resources and 55 MMbbl of condensates with an estimated investment of around $12 billion by BP and its partner.

Oil gains on Libya turmoil while Cushing supply growth slows

Oil rose in London after Libya suspended its obligation to deliver supplies from 11 oil fields amid clashes between guards and Islamist militants. Prices gained in New York as inventory growth at the largest U.S. storage hub slowed.