A Shell subsidiary in Nigeria announced it started repairs on a crude oil pipeline in the country following an early May closure and force majeure declaration. Shell declared force majeure on Bonny Light crude, the Nigerian blend, as of May 4. “The action is due to production deferment caused by incessant crude theft and illegal [...]
UK-based energy giant BG Group announced Wednesday its fifth consecutive Tanzanian gas discovery with the Mzia-1 exploration well located in Block 1, offshore southern Tanzania. Mzia-1 is BG Group’s first discovery within the deeper Cretaceous section and opens an extensive new play fairway within the Group’s offshore acreage in Blocks 1, 3 and 4, to complement [...]
CAMAC Energy on Tuesday announced that it has signed Production Sharing Contracts (PSCs) with the government of The Republic of Kenya for previously awarded exploration Blocks L1B, located onshore in the Lamu Basin, and L16, located in the Lamu Basin transition zone. Block L16 is bordered on the east by Block L8, operated by Apache [...]
European Union authorities announced Wednesday they have cleared a liquefied natural gas joint venture in Angola by BP, Chevron, Eni, Sonangol and Total. The European Commission gave its blessing having “found that the transaction would not raise competition concerns because of the joint venture’s moderate anticipated market share, the presence of a number of credible [...]
Cove Energy announced Tuesday that the Golfinho exploration well, operated by its partner Anadarko Petroleum Corporation, has discovered a new, major natural gas accumulation nearly 20 miles (32 kilometers) northwest of the Prosperidade complex within the Rovuma Basin Area 1 block, Offshore Mozambique. Highlights from the discovery include: Golfinho exploration well encounters separate and independent [...]
Nigeria is losing nearly a fifth of its revenues to oil thieves, Finance Minister Ngozi Okonjo-Iweala was quoted as saying in the Nigerian local newspaper – This Day on Tuesday. Oil companies say so called ‘bunkering’ — tapping into oil pipelines to steal the crude — and other forms of oil theft are on the [...]
Afren Plc says an exploration well on the shallow-water Ebok north fault block (Ebok NFB) has encountered 370 ft (113 m) true vertical thickness of net oil pay in good quality sands. The well was spudded last month by the jackup Transocean Adriatic lX. It was targeting a separate fault block structure north of the main [...]
French Oil Company Total SA said Sunday it stopped a natural gas leak at one of its plants in Nigeria’s crude-rich southern delta after 54 days, an emergency that forced the firm to shut down the field and evacuate the area. Total said it used heavy fluids and cement plugs to stop the gas flow [...]
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