NAMIBIA: Why PanContinental’s Hopes Linger on Venus -1, Graff-1 Drilling Results

French major TotalEnergies has commenced drilling its ultra-deep Venus-1 well in the Orange Basin offshore Namibia On-trend, Pancontinental has mapped the very large Saturn turbidite complex in PEL 87. Saturn is geologically similar to Total’s Venus Prospect Venus and Saturn overlie the same high-quality mature Oil Source Rock, and both lie immediately … Read More

Tanzania Hopes for FID on its Offshore LNG Projects as Discussions with IOCs Commence

Tanzania through its Minister for Energy January Makamba has reported that the government has started negotiations for the $30bn Tanzania LNG project with international oil companies including and Shell, Equinor, … Read More

EGYPT: Shell completes sale of Western Desert assets to Cheiron Petroleum Corporation and Cairn Energy

Shell Egypt N.V. and Shell Austria GmbH, subsidiaries of Royal Dutch Shell, have completed the sale of their upstream assets in Egypt’s Western Desert to a consortium made up of … Read More

SOUTH AFRICA: BG New Operator at Transkei & Algoa after Farm-out Completion

Impact Oil & Gas has announced the completion of the previously announced farm-out transaction between its wholly-owned subsidiary, Impact Africa Limited, and BG International Limited, a wholly owned subsidiary of … Read More

Valaris Announces Floater Contract Awards With Shell

Valaris Limited has announced that it has been awarded one-well contracts with Shell Namibia Upstream B.V. and Shell Sao Tome and Principe B.V. offshore Namibia and Sao Tome and Principe, … Read More

NAMIBIA: Global Petroleum Raises £1 million to Fund PEL94 Licence Commitments

Global Petroleum has announced that it has successfully raised £1,000,000 in aggregate before costs, through the Placing of 200,000,000 Ordinary Shares at a Placing Price of 0.5 pence per share. … Read More