UK-based independent oil and gas explorer Tullow Oil said Wednesday it has encountered around 75 meters of net oil pay in two zones at the Emekuya-1 well, located in the Block 13T of northern Kenya, Kallanish Energy reports.
Kuwait Energy, an oil and gas explorer, revealed on Wednesday its plans to be admitted to the London Stock Exchange (LSE) in June, in a move aimed at becoming the leading independent oil and gas company in the Middle East and North Africa region, Kallanish Energy reports.
South Sudan’s oil ministry said Monday is reopening direct negotiations with investors interested in the country’s onshore oil and gas blocks B1 and B2, after negotiations with Total E&P and partners broke down.
London-listed gas explorer Sound Energy announced Tuesday a deal with U.S. oil service company Schlumberger, giving the latter access to two assets onshore Morocco in exchange for a geophysical programme.
Norway’s independent power producer Statec Solar has signed 25-year power purchase agreements (PPAs) with the government of Egypt for the supply of 400 megawatts, though six new solar power plants, Kallanish Energy learns from the company.
France’s Total and Algeria’s state-owned energy firm, Sonatrach, said Monday they agreed on a “comprehensive” deal, which includes a new contractual framework for the Timimoun project, located onshore Algeria, Kallanish Energy learns.
Angola's state-run oil company, Sonangol, has taken two cargoes out of its planned May exports in a move to boost compliance with the OPEC deal to curb production, an oil trader familiar with Angolan loading plans told Reuters Monday.
China Petroleum and Chemical Corp. (Sinopec) is nearing an agreement to buy a majority stake in Chevron's South African assets, estimated to be worth $1 billion, two people familiar with the transaction told Reuters.
Oil supermajors Eni and Exxon Mobil announced last week a $2.8 billion deal in which the U.S. oil company will purchase a 25% indirect interest in the natural gas-rich Area 4 block, offshore Mozambique, Kallanish Energy learns.