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Exploration & Production

Global opens data room to find Namibia partner

Global Petroleum has opened a data room to potential farm-out partners for its Namibia licence, the company said in a statement on Monday.

14 January 2013
Exploration & Production

Tullow to drill 40 wells over 2013, mainly in East Africa

Tullow Oil plans to drill 40 wells over the course of 2013, mainly in East Africa, at a cost of around $900 million, the London-listed company said in a trading update on Friday.

11 January 2013
Pipelines, Storage & Power

Gas Natural buys 10% Medgaz stake

Gas Natural Fenosa said late on Tuesday that it had bought a 10% stake in the Medgaz pipeline, which transports gas from Algeria to Spain.

9 January 2013
Exploration & Production

Anadarko drillship arrives in Kenya

The Deepwater Millennium drillship has arrived in Mombasa, ready to begin exploration work offshore Kenya, port data has shown.

8 January 2013
Exploration & Production

PXP buys 52% share in offshore Morocco Mazagan permit from Pura Vida

Texas-based Plains Exploration and Production (PXP) has agreed to take a 52% share in the offshore Morocco Mazagan permit from Australia’s Pura Vida for $15 million.

4 January 2013
Pipelines, Storage & Power

Increase in Egypt gas supplies to Jordan – report

Egypt has increased gas supplies to Jordan to 6.8 million cubic metres per day, according to a report in The Jordan Times on Thursday.

4 January 2013
Pipelines, Storage & Power

Nigeria hits 4,500 MW generation capacity

President Goodluck Jonathan’s policies are helping the electricity sector in Nigeria to expand capacity, with the network generating 4,500 megawatts towards the end of 2012, the chairman of the Nigerian Electricity Regulatory Commission (NERC) said on Friday.

4 January 2013
Pipelines, Storage & Power

Tanzanian Energy Minister defends Mtwara to Dar es Salaam gas pipeline

The Tanzanian Energy Minister Sospeter Muhongo has defended the construction of the gas pipeline from Mtwara to Dar es Salaam, in the face of local protests and oppositions to the new piece of infrastructure.

3 January 2013
Exploration & Production

Four offshore crew members kidnapped in Nigeria

Four crew members from an offshore supply vessel in Nigeria were kidnapped last week, according to the International Maritime Bureau (IMB)’s Piracy Centre.

2 January 2013
Exploration & Production

Petroceltic given go-ahead at Algeria’s Ain Tsila gas field

Petroceltic International has secured regulatory approval for the development of the Ain Tsila gas condensate field in the Illizi Basin in southeastern Algeria. The project should be sanctioned in mid-2013, with first gas from the field is expected in Q3 2017.

21 December 2012
LNG

Eni and Anadarko agree to joint LNG plant development

Eni and Anadarko have agreed to work together in developing their highly prospective offshore blocks in Mozambique, both companies said on Friday.

21 December 2012
Pipelines, Storage & Power

Tanzania Electricity Supply Co.'s request to raise tariff rates rejected

The Tanzania Electricity Supply Co.’s (Tanesco’s) request to increase electricity tariff rates by 81.27% has been rejected after Spanish consultancy AF Mercados said a hike of only 29.49% could be justified, East African Business Week reported.

19 December 2012
Companies & Finance

Gulfsands picks up Moroccan acreage to fill Syrian gap

London-listed Gulfsands Petroleum has bought oil and gas acreage in Morocco as it seeks to fill the production gap left by its shut-in production in Syria. However, output from the licences will not start until Q3 2013 at the earliest.

19 December 2012
Exploration & Production

East African prospects further boosted by Exxon farm-in

ExxonMobil has farmed into an exploration block off the eastern coastline of South Africa in an indication that the petroleum-rich geology seen in Tanzania and Mozambique could extend further south.

18 December 2012
Exploration & Production

Eni to invest $8 billion in Libya over next 10 years

Eni has pledged to invest $8 billion more than 10 years in the Libyan oil and gas sector, according to a press release from the company.

17 December 2012
LNG

Prognosis poor for West African LNG plans

New West African LNG projects face an uphill battle in securing long-term supply contracts, forcing them to fall back on to the spot market.

14 December 2012
LNG

Angola LNG to begin regular exports in 2013

Angola LNG is expected to start regular LNG exports in the first quarter of 2013 and will target buyers in Europe and Asia.

13 December 2012
Policy & Regulation

Tanzanian gas policy document faces delay

A key policy document governing investment in Tanzania’s offshore gas finds is unlikely to be finalised this month amid a delicate political environment and continuing domestic power supply problems.

13 December 2012
Exploration & Production

Libya hope to launch new oil and gas licensing round in 2013

Libya hopes to launch a new oil and gas licensing round next year, the first since Muammar Gaddafi was ousted from power in 2011, the country’s Oil Minister Abdel Bari Ali al-Arousi said at an OPEC meeting on Tuesday.

12 December 2012
Exploration & Production

BG confirms Jodari resource estimate offshore Tanzania

BG Group has completed appraisal work on the Jodari wells in Tanzania’s offshore Block 1 and reconfirmed the mean recoverable resource estimate of 3.4 trillion cubic feet (96.29 billion cubic metres) for the field.

12 December 2012

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