Field Development

Total Starts Production at Angolan Oil Project

The project includes the drilling of nine wells and is expected to reach production of 40,000 barrels of oil per day by mid-2022, Total said.

May 6, 2021

Exploration & Production

Shell Tells Tunisia It Plans to Exit Upstream Activities Next Year

Shell’s departure will mean the Miskar concession in southern city of Gabes will be handed back to the government, a senior official in the energy ministry says.

May 5, 2021

Exploration & Production

APA, Egypt Agree To Consolidate West Desert Concessions

The agreement reached in principle would consolidate most of the concessions APA operates through subsidiary Apache Egypt in the Western Desert into one.

May 4, 2021

Exploration & Production , Health, Safety & Environment , Shale Plays

Report Shows Global Flaring Levels Down in Oil Sector

The U.S. and Nigeria were among the countries noted for making strides in lowering volumes of flared gas.

April 30, 2021

Field Development , Liquefied Natural Gas (LNG) , International , Midstream

Total Declares Force Majeure on $20 Billion LNG Project in Mozambique

The violence in March has dealt a blow to plans by Total and rival Exxon Mobil, which also has an LNG project in Mozambique, to turn the country into a major LNG producer.

April 26, 2021

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (April 23, 2021)

Marcellus Shale discoveries reported in  Harrison County, West Virginia, Continental Resources Middle Bakken and Three Forks producers at single drill pad plus four Hayneville wells completed in Caddo Parish by Chesapeake Energy top this week’s oil and gas drilling activity highlights from around the world.

April 23, 2021

Crude Oil

Libya’s NOC Declares Force Majeure on Hariga Port

Subsidiary that runs the terminal had suspended output.

April 20, 2021

Exploration & Production , Transactions

Trafigura Agrees to Buy Sonangol’s Stake in Puma Energy for $600 Million

Trafigura and Puma Energy said in a joint statement on April 16 that Puma had also agreed to sell its Angolan business and assets to Sonangol for $600 million.

April 16, 2021

Public Capital , People , Exploration & Production

Houston-based VAALCO Energy Names New CEO in Strategy Shift

The VAALCO Energy board said it believes newly appointed George Maxwell’s track record of founding, building and selling a successful African energy company will help it achieve its strategy of enhancing its corporate presence in London.

April 15, 2021

Exploration & Production

Total Postpones South Africa Drilling Application, Consultancy Letter Says

The delay is a potential blow to South Africa as it seeks to reduce its reliance on coal and increase the use of natural gas and renewables.

April 14, 2021