Africa ///

Panoro Energy reports successful completion of first production well at Tortue

Panoro Energy has announced the successful drilling and completion of the first development well, DTM-2H, in Tortue field, within the Dussafu PSC, offshore Gabon.

Uganda says UK, Swiss firms building airport for oil basin

Uganda said the UK’s Colas Ltd. and SBI International Holdings AG of Switzerland are jointly developing an airport in the oil-rich Albertine Graben.

Shadow cast over peace talks as fighting flares, oil declines in South Sudan

Clashes flared between Sudan Sudanese troops and rebels, complicating talks to end the civil war that has cut oil production, two days after a regional bloc called for the insurgents’ leader to be freed from house arrest in South Africa.

Total reports first gas from Algeria's Timimoun field

Total announces first gas from Timimoun field in southwestern Algeria.

Almost $194 billion will be spent on upcoming oil, gas projects in Africa to 2025, says GlobalData

Close to $194 billion will be spent between 2018 and 2025 on 93 upcoming oil and gas fields in Africa. Capital expenditure (capex) into conventional, unconventional, and heavy oil projects would form $88.9 billion; $3 billion and $1.9 billion of the region’s capital spend respectively over the eight-year period, according to GlobalData, a leading data and analytics company.

SDX Energy completes, tests Sebou permit well

SDX Energy Inc., the North Africa focused oil and gas company, has announced that the SAH-2 well, on the Sebou permit (SDX 75% working interest) in Morocco has been completed and tested at a restricted rate on a 40/64-in. choke. The well achieved an average flowrate of conventional natural gas of 12.9 MMscfd, with a maximum flowrate during this test of 13.5 MMscfd.

Eni Congo sponsors $30 million search for oil, renewable energy

Eni SpA’s unit in the Republic of Congo will sponsor a $30 million research center that will search for oil and renewable energy, government spokesman Thierry Moungalla said.

Congo grants Total extension to oil-exploration license

The Democratic Republic of Congo granted Total SA a one-year extension to a license allowing it to explore for oil along the Ugandan border.

Shell, Eni misled Nigeria on oil spills, Amnesty says

Royal Dutch Shell Plc and Eni SpA may have misled regulators in Nigeria by wrongly attributing oil spills to theft and sabotage in order to avoid paying compensation to affected communities, rights group Amnesty International said.

Xodus delivers Tunisian decommissioning study for TPS

Xodus Group has delivered a decommissioning and abandonment study for wells, surface and subsea facilities in Tunisia on behalf of Thyna Petroleum Services (TPS).

Chariot Oil & Gas begins drilling Rabat Deep 1 well in Morocco

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, has commenced drilling on the Rabat Deep Permits in Morocco.

Mubadala Petroleum acquires 10% stake in Egypt's Shorouk Concession

Mubadala Petroleum and Italy’s Eni signed an agreement to purchase a 10% stake in the Egyptian Shorouk Concession.

Wood secures three contracts with Woodside in Senegal

Wood has been awarded three contracts to perform subsea and flow assurance studies for Woodside in Senegal, West Africa, supporting the proposed SNE Field Development in the Rufisque, Sangomar and Sangomar Deep Offshore blocks located offshore Senegal.

Hess announces $1-billion share repurchase program

Hess Corp. has announced that its board of drectors has authorized the purchase of $1.0 billion of Hess common stock by the end of 2018. The newly authorized program is in addition to the $500 million share repurchase program Hess announced in late 2017.

Nigeria state oil company hasn't explained missing billions

An agency tasked with cleaning up Nigeria’s murky oil industry says even though financial accountability has improved the state oil company still hasn’t explained billions of dollars of missing revenue.

Africa Oil completes investment in Impact Oil and Gas

Africa Oil Corp. has announced that it has completed the previously announced (Feb. 7, 2018) investment in Impact Oil and Gas Limited, a private UK company with exploration assets in South and West Africa.

Regional Report: East Africa

Emily Querubin, World Oil

Oil-rich East Africa continues its uphill battle to recovery

World of Oil & Gas

Emily Querubin, World Oil

TAG Oil Ltd. (70%), operator of the Puka permit (PEP 51135) in New Zealand’s Taranaki basin, said the Pukatea-1 exploration well was drilled to 10,170 ft, MD, encountering variable hydrocarbon shows.

Equatorial Guinea energy outlook takes a double hit this week

OPEC member Equatorial Guinea suffered a double blow this week to its ambition of revitalizing its energy industry.

South Sudan oil linked to militias needs oversight, groups say

South Sudan’s state-owned oil company needs increased oversight to protect vital revenue in a country reeling from a civil war and at risk of famine, according to two groups monitoring the activity.