Woodside Petroleum on Thursday announced that it has extended its exploration acreage in Africa by securing interests in waters off Senegal and Guinea-Bissau. The company’s agreement with Impact Oil and Gas allows it to purchase a 65 % interest in a 6700 km² production sharing contract (PSC) in the AGC Profond permit off the coast of the countries. Earlier this month, Impact had...

Following the unsuccessful completion of a seismic survey, Sterling Energy plc. on Friday announced plans to withdraw its shares in the Block C-3, offshore Mauritania. The company plans to allot its overall 40.5% participating interest in the production sharing contract (PSC) for Block C-3, at no cost to Tullow. Tullow is to be the Operator of the block with 90% when the transfer has been...

Egyptian Natural Gas Holding Company (EGAS) on Friday revealed that in December 2015, it suspended a liquefied natural gas (LNG) delivery from BP till later this year, Reuters reports. BP’s LNG carrier, British Sapphire, was diverted to Brazil instead of discharging in Egypt due to payment issues, traders said. “This is completely untrue”, EGAS Chairman Khaled Abdel Badie (photo)...

Algeria’s EnergyMinister, Salah Khebri, and Benin’s Minister of Oil and Mines, Mensah Spéro (photo), in a meeting on Monday discussed ways to strengthen cooperation in the energy sector. The meeting which was held in Algiers was an opportunity to discuss cooperation between the two countries in terms of supply of hydrocarbons, liquefied natural gas and other oil products to Benin. At the...

Sterling Energy Plc in its update on the Ntem Concession, offshore Cameroon, noted that it was conscious of the fact that the country’s state-owned Société Nationale des Hydrocarbures (SNH) on its website included a map signifying that the concession is an open block. (http://www.snh.cm/Appel_Offre/Blocs-Promotion-Bassins-Rio-Del-Rey.pdf) According to Energy-pedia, Sterling Energy plc...

Lekoil Limited has announced that it has agreed to purchase Afren’s 22.86 % interest in the OPL 310 block which holds the Ogo discovery, offshore Nigeria, Offshore Energy Today reports. Under the agreement, Lekoil is to pay $13 million for the deal. Meanwhile, Lekoil through its subsidiary Mayfair Assets and Trust, holds a 17.14% participating interest and a 30% economic interest in...

The Nigerian Minister of State Petroleum Resources, Dr. Emmanuel Kachikwu and senior executives from the Nigerian National Petroleum Company (NNPC) this week made a visit to the United Arab Emirate (UAE) to meet with various government officials and major energy companies and discuss possible investment prospects in Nigeria. They were received by Alpha Group of Companies’ Chairman and CEO,...

As a way of supporting the Liquefied Natural Gas (LNG) import operations in Ghana, Golar LNG Ltd has today agreed to provide West African Gas Limited (WAGL) with Floating Storage and Regasification Unit (FSRU) services. The WAGL is a joint venture between the subsidiaries of the Nigerian National Petroleum Corporation (NNPC) and Sahara Energy Resource Ltd with 60% and 40% respectively. The...

Orca Exploration Group Inc. has been granted a loan to finance part of its offshore development project, in Tanzania. The company entered into the $60 million loan agreement with the International Finance Corporation (IFC), a member of the World Bank Group. “The conclusion of the IFC financing is a significant achievement for Orca and an important endorsement of the Company’s...

Equatorial Guinea’s Ministry of Mines, Industry and Energy is to launch a new bidding round for all outstanding deep and ultra-deepwater blocks in 2016, following the success of its 2012 and 2014 bidding rounds. Two operators; RoyalGate Energy and Brazil’s G3 Oleo e Gas have confirmed further exploration prospects in Equatorial Guinea in 2016. RoyalGate Energy is to drill Block Z and G3 Oleo...