Africa – Page 2 – Oil & Gas 360

Exclusive: ReconAfrica at EnerCom Denver-The Energy Investment Conference 2024

September 11, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. ReconAfrica is a Canadian-based oil and gas company working collaboratively with national governments to explore oil and gas potential in Northeast Namibia and Northwest Botswana – the newly discovered Kavango Basin.

Exclusive: Africa Oil at EnerCom Denver-The Energy Investment Conference 2024

September 3, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. Africa Oil is a Canadian oil and gas exploration company with producing and development assets in deep-water offshore Nigeria. The Company also has a portfolio of exploration assets in west and

Exclusive: VAALCO Energy at EnerCom Denver-The Energy Investment Conference 2024

August 30, 2024

Oil and Gas 360 Publisher’s Note: You can view the EnerCom Denver—The Energy Investment Conference and the Energy Transition and Emerging Technologies Series presenter replays for a limited time. VAALCO Energy, Inc. is a Houston, Texas-based independent energy company principally engaged in the acquisition, development, and production of crude oil. VAALCO’s strategy is to increase reserves and production through the

Namibia gets ready to become the world’s newest oil hotspot

July 18, 2024

Yahoo Finance (Bloomberg) — Off a busy pier in Namibia’s main port of Walvis Bay, the seeds of an economic boom are being planted. As workers heave fish from boats, or unload cargoes of sulfur and Congolese copper, a massive cylindrical drilling segment is hauled by extended trailer to a storage area. Between the more typical consignments of raw minerals

Angola’s 2025 oil and gas licensing round underscores attractive exploration opportunities in Africa

July 15, 2024

World Oil (WO) – With details for Angola’s 2025 licensing round announced earlier this week, African exploration markets are making a push for upstream investment by deploying more attractive terms and offerings for global investors. Angola’s upcoming bid round offers 29 opportunities in oil-and-gas-rich basins, minimizing financial risk for exploratory companies. The process is transparent, efficient, and offers flexible contracts,

ReconAfrica begins drilling highly-anticipated Naingopo oil and gas exploration well onshore Namibia

July 8, 2024

World Oil Publisher’s Note: ReconAfrica will be a presenter at EnerCom Denver-The Energy Investment Conference on August 18-21, 2024. Register to attend and book your room at the Westin Denver Downtown. (WO) – Reconnaissance Energy Africa Ltd. and its joint venture partner NAMCOR (the state oil company of Namibia), announced the spudding of the Naingopo exploration well on Petroleum

Chevron kicks off exploration in uncharted “ultra-deep” waters offshore Angola

June 19, 2024

World Oil (WO) – Chevron, through its subsidiary Cabinda Gulf Oil Company Limited, has signed two Risk Service Contracts (RSC) for Block 49 and Block 50 offshore Angola, in the ultra-deep waters of the Lower Congo Basin. These contracts, awarded January 2024, mark the beginning of exploration and development in these offshore blocks. Announced by the African Energy Chamber (AEC),

Drilling to commence soon on ReconAfrica’s Naingopo exploration well onshore Namibia

June 14, 2024

World Oil Publisher’s Note: ReconAfrica will present at the EnerCom Denver—The Energy Investment Conference on August 18-21, 2024. Register to attend. (WO) – Reconnaissance Energy Africa Ltd. announced an operations update relating to Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia. The move of the working camp and the drilling rig from the Wisdom Farm 5-1 location are wrapping

Namibia’s Orange basin offers optimism despite declining high impact exploration drilling, report finds

June 7, 2024

World Oil (WO) – The latest analysis from Westwood Global Energy Group reveals that despite favourable oil prices in 2022, high impact exploration drilling in 2023 declined by 21%, due to energy transition strategies, industry consolidation, rising well costs and reduced activity in former hotspots. Further 2023 analysis reveals that the commercial success rate is down seven percentage points on

ReconAfrica eyes June 2024 drilling date for highly-anticipated exploration well onshore Namibia

May 28, 2024

World Oil Publisher’s Note: ReconAfrica will be presenting at EnerCom Denver – The Energy Investment Conference on August 18-21, 2024. Register to attend. (WO) – In a recent operations update, Reconnaissance Energy Africa Ltd. (ReconAfrica) announced that it’s eyeing a June 2024 spud date for its Naingopo exploration well on Petroleum Exploration Licence 73 (“PEL 73”), onshore northeast Namibia. Brian

ExxonMobil, Chevron to increase Guyana, Permian oil production amidst $100 billion M&A spending

April 29, 2024

World Oil (Bloomberg) – If you want to understand why the two largest U.S. oil companies are together spending in excess of $100 billion on acquisitions right now, look no further than the amount of crude they’re extracting from the two hottest oil fields on the planet. Exxon Mobil Corp. and Chevron Corp., which reported earnings Friday, are both predicting

Namibia’s oil potential could match Guyana following significant offshore discoveries, TotalEnergies CEO reports

April 26, 2024

World Oil (Bloomberg) – Namibia’s oil potential could one day match Guyana, where big discoveries have sparked an economic transformation and set the world’s biggest companies jostling for position. There’s a “big chunk of oil” in waters off Namibia, said Patrick Pouyanne, chief executive officer of TotalEnergies SE, which alongside several other companies has made significant discoveries in the African

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