You are Here

Category: Oil

Corporate News International Oil

Tullow Oil Resumes Drilling at Jubilee Field Following Successful Maintenance

Tullow Oil, through its Ghanaian subsidiary, has resumed drilling operations at the Jubilee Field, marking a new phase in the company’s development activities in the country. This latest campaign follows the successful completion of a previous drilling program that delivered 18 wells ahead of schedule and under budget. “The restart of drilling marks another milestone in our journey in Ghana and underscores our confidence in the country’s resource potential,” said Jean-Médard Madama, Managing Director of

Loading

Read More Here

Local Corporate News Gas Oil Partnerships

Petrobras and Sonangol Forge Strategic R&D Partnership in Oil and Gas

Brazilian state-owned energy giant Petrobras has signed a memorandum of understanding (MoU) with Angola’s national oil company, Sonangol, to collaborate on research and development in the oil and gas sector. The agreement was formalized during Angolan President João Lourenço’s state visit to Brazil in May 2025, which focused on deepening trade and energy ties between the two nations. Both President Lourenço and Brazilian President Luiz Inácio Lula da Silva emphasized the importance of strengthening bilateral

Loading

Read More Here

Local Corporate News Oil

Chevron Subsidiary Reports One Missing, 17 Injured After Fire on Cabinda Offshore Platform

Cabinda Gulf Oil Company Limited (Cabgoc), a subsidiary of Chevron, has confirmed that one person is missing following a fire that broke out on its offshore oil platform early Tuesday. The incident also left 17 people injured, including four in serious condition. The fire occurred on the basement deck of the Benguela Belize Lobito Tomboco (BBLT) deepwater platform, located in Block 14 offshore Cabinda, Angola. The facility was undergoing scheduled annual maintenance, and all production

Loading

Read More Here

Local Corporate News Oil

Fire on Chevron-Operated Offshore Platform in Angola Injures 17 Workers

A fire broke out early this morning on the Benguela Belize Lobito Tomboco (BBLT) deep-water oil platform in Angola, injuring 17 workers, four of them seriously, according to a statement from the National Oil, Gas and Biofuels Agency (ANPG). The platform is operated by Cabinda Gulf Oil Company Limited (Cabgoc), a Chevron subsidiary, and is located in Block 14 within the maritime zone of Cabinda. The incident occurred around 3:00 AM on the subsoil deck

Loading

Read More Here

Local News Oil

Angola Welcomes FPSO Agogo Ahead of 2025 Oil Production Launch

The floating production, storage, and offloading vessel (FPSO) Agogo—developed by Azule Energy (operator), the National Oil, Gas and Biofuels Agency (ANPG), and Block 15/06 partners Sonangol Exploration & Production and Sinopec—has arrived in Angolan waters as of May 15. With a production capacity of 120,000 barrels of oil per day, the vessel plays a key role in the upcoming Agogo Integrated West Hub Project, set to begin operations in the second half of 2025. According

Loading

Read More Here

International News Oil

Republic of Congo Approves New Oil Exploration Permits to Boost Hydrocarbon Output

The Republic of Congo has approved two key decrees aimed at accelerating growth in the hydrocarbon sector and reinforcing the strategic role of the national oil company, Société Nationale des Pétroles du Congo (SNPC). During a Council of Ministers meeting held on May 13, the government granted SNPC the new Likouala II exploration permit. This followed the relinquishment of the original concession by independent oil and gas company Perenco and its joint venture with SNPC,

Loading

Read More Here

International Corporate News Oil

Côte d’Ivoire Partners with Yaatra Ventures to Build $5.1 Billion Oil Refinery

Côte d’Ivoire has signed a strategic partnership with U.S.-based Yaatra Ventures to develop a second oil refinery, aiming to expand its refined petroleum exports across West Africa. The project, developed in collaboration with the state-owned Société Ivoirienne de Raffinage (SIR), is expected to attract more than CFA 3,000 billion (approximately $5.1 billion) in investment. During the signing ceremony, Energy Minister Mamadou Sangafowa Coulibaly emphasized the country’s ambition to double its refining capacity. Yaatra and SIR

Loading

Read More Here

International Oil

Egypt Strikes New Gas Find in Western Desert as Energy Ambitions Grow

Egypt has discovered gas-bearing zones in a well located in the Western Desert, with a net thickness of 253 feet (approximately 77.1 meters) and an estimated yield of 12.5 million barrels of oil equivalent. Engineers are currently conducting production tests while advancing plans to extend a 23-kilometer pipeline, valued at $10 million. Additional drilling is also underway, aimed at boosting daily gas output to 30 million cubic feet. Meanwhile, experts are evaluating two newly discovered

Loading

Read More Here

Corporate News Local Mining Projects Oil

Sintana Energy Expands into Angola with Strategic Stake in KON-16 Block

Sintana Energy Inc. has secured a new exploration opportunity in Angola through a strategic agreement that strengthens its position in West Africa’s energy sector. The agreement grants Sintana an indirect 5% interest in the KON-16 onshore block in Angola’s Kwanza Basin through a partnership with UK-based Corcel Plc. The collaboration also opens the door for both companies to pursue additional ventures across the region. As part of the deal, Sintana will invest $2.5 million—beginning with

Loading

Read More Here

Local Gas News Oil

Angola Pledges Support for Namibia’s Growing Oil and Gas Sector

Angola has expressed its readiness to assist Namibia in building its oil and gas industry by leveraging its decades of experience in the sector. Presidential spokesperson Alfredo Hengari confirmed that Angola is well-positioned to train Namibians in oil and gas and has already begun capacity-building initiatives. He reaffirmed Angola’s full commitment to supporting the development of Namibia’s emerging energy sector. This pledge comes in the wake of Namibian President Netumbo Nandi-Ndaitwah’s recent working visit to

Loading

Read More Here

1 … 48 49 50 51 52 … 193