Africa
Pancontinental Confirms Oil in Sunbird-1 (Kenya)
Pancontinental Oil and Gas NL has advised that, after lengthy analysis, it has been verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column the first ever oil discovered off the East African coast. The gross oil column is assessed to be 14m thi
Seabourn New UNESCO World Heritage Protection Partner
UNESCO and cruise operator Seabourn have announced a six-year, $1m partnership agreement aimed at reinforcing protection for World Heritage and promoting sustainable tourism. “With this partnership, UNESCO and Seabourn truly demonstrate our shared commitment in safeguarding World Heritage by promoti
CAMAC Spuds Oyo-8 Development Well (Nigeria)
CAMAC Energy Inc. advised that the Oyo-8 development well was spudded on June 15, 2014. The Oyo-8 well is located offshore Nigeria in OML 120, where CAMAC Energy is the operator and owns a 100% working interest. This development well lies within the Oyo field, which was one of the first deepwater oi
CAMAC spuds Oyo-8 well (Nigeria)
CAMAC Energy Inc. has announced that the Oyo-8 development well was spudded on June 15, 2014. The Oyo-8 well is located offshore Nigeria in OML 120, where CAMAC Energy is the operator and owns a 100% working interest. This development well lies within the Oyo field, which was one of the first deepwa
OceanGeo Awarded OBS Acquisition Contract Off Congo
OceanGeo B.V., a geophysical company specializing in multicomponent ocean bottom seismic (OBS) acquisition, announced that it has been awarded a contract by a major European oil & gas company to acquire a substantial 3D ocean bottom seismic survey offshore Republic of Congo. Acquisition is expected
ION Geophysical now owns 100% interest in OceanGeo
ION Geophysical Corporation today announced that it has entered into an agreement to increase to 100% its ownership of ocean bottom seismic (OBS) acquisition company OceanGeo B.V. ION acquired 30% of OceanGeo in February 2013 and increased its ownership to 70% in January 2014. In a separate statemen
ILO Paves Way for Greater Seafarer Protection
At the 103rd International Labour Conference, the International Labour Organization (ILO) has, with a staggering majority, adopted new provisions on the protection of abandoned seafarers and seafarers who have been injured in occupational accidents, the Danish Maritime Authority (DMA) said in a rele
MedcoEnergi buys oil and gas blocks in Tunisia
MedcoEnergi has entered into an agreement, effective 1 January 2014, to acquire 100% of the shares of Storm Ventures International (Barbados) Ltd. (“SVI”) from Storm Ventures International (BVI) Ltd. (the “Seller”) for a base purchase price of US$ 114.03 million, excluding an amount payable for work
Rosneft pens MoU with Mozambique’s NOC
Igor Sechin, President and Chairman of the Management Board, Rosneft, Nelson Ocuane, President, Empresa Nacional Hidrocarbonetos De Moçambique (Mozambique National Oil Company, ENH) and Paulino Gregório, Director, ENH signed a Memorandum of Understanding at the 21st World Petroleum Congress on June
Global Stays Positive on Its Namibia Prospects
Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa and the Mediterranean, notes the recent announcement by the partners in the Welwitschia-1A well of their decision to plug and abandon the well. The Welwitschia-1A well was drilled to a depth o
Polarcus Snares Seismic Project Offshore West Africa
Polarcus Limited has received a Letter of Intent for a 3D marine seismic acquisition project for an undisclosed client offshore West Africa. The project, subject to the execution of a service contract, will commence in July 2014 and is expected to run for approximately three months. Polarcus is a pu
Global Petroleum remains optimistic about Namibian blocks
Global Petroleum Limited, the oil and gas exploration company presently focused on emerging plays in Africa and the Mediterranean, notes the recent announcement by the partners in the Welwitschia-1A well of their decision to plug and abandon the well. The Welwitschia-1A well was drilled to a depth o