South Africa鈥檚 offshore space is getting busier ahead of the finalization of the country鈥檚 oil and gas regulatory framework as more well-endowed exploration firms position themselves for a long-drawn exploration of the country鈥檚 under-explored offshore hydrocarbon reserves鈥
South Africa continues to make progress in its endeavor to woo increased investment in the country鈥檚 highly under-developed offshore oil and gas market as the government鈥檚 slow and delayed plan to make cuts on crude oil imports begins to take shape鈥
ExxonMobil has grown its footprint in the deep waters offshore Namibia, adding approximately 28,000 square kilometers of exploration acreage in in the frontier region, the supermajor said on Wednesday.ExxonMobil said it signed an agreement with鈥
Oslo-listed BW 云顶赌场老虎机 said it will float BW Energy this year to help expand the oil and gas business, particularly in Brazil, as its first quarter earnings rose 72%.Shares in BW 云顶赌场老虎机, originally an owner of floating production, storage鈥
Nigeria鈥檚 upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures鈥
Deepwater drilling is back and targeting ever deeper waters, from South Africa to Pakistan.Deepwater exploration is starting to get serious, again. If fact, French oil major Total is lined up to drill what will be a new deepwater drilling record later this year鈥
Private equity fund Seacrest Capital is in talks to sell part or all of its British North Sea-focused oil exploration firm Azinor Catalyst, which could fetch between $60-$100 million, having received unsolicited offers for it, banking and industry sources said鈥
Total is launching its biggest exploration campaign for years in 2019 as part of a turnaround plan that is ditching the company's focus on risky long-shots in favor of areas known to contain commercial levels of oil or gas.The French major aims to drill 23 wells this year鈥
Three years after Tower Resources and its partners relinquished their assets in Namibia, the company has returned after signing a new Petroleum Agreement it previously promised shareholders and which gives it an 80 percent operated interest鈥
The oil and gas exploration company with licences in highly prospective regions in Guyana and Namibia, Eco Atlantic Oil & Gas announced its drilling plans for 2019 on the Orinduik Block, offshore Guyana.The Canadian company has confirmed that鈥
The Atlantic margins focused oil and gas exploration company Chariot Oil & Gas Limited has announced the result of the well on the Central Blocks license, offshore Namibia (Chariot 65% (Operator), Azinam 20%, NAMCOR 10% and Ignitus 5%).The well has been safely drilled to a total MD of 4鈥
Azinam, financially backed by private equity firm Seacrest Capital, will plug and abandon its Prospect S well in Petroleum Licence (PEL) 71 offshore Namibia, it said on Thursday.'The anticipated stacked target reservoirs were penetrated and the well encountered wet gas shows鈥
Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly explore in Southern West Africa.Initially, the alliance will focus on Namibia, where鈥
Africa-focused Tullow Oil will abandon its first well in Namibia, but data gathered in the project indicated it might strike lucky in another attempt, it said on Monday.'The Cormorant-1 exploration well in the PEL-37 licence, offshore Namibia鈥
Oil and gas major Total said on Tuesday it expected deepwater oil and gas operations to make a strong contribution to its output and cash flow thanks to major developments in the West Africa's Gulf of Guinea region, Brazil and U.S. Gulf area鈥
