Market News
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Africa: UN Licences Kick off Search for Underwater Minerals
Posted on :Monday , 8th September 2014
The International Seabed Authority (ISA) has begun issuing exploration licences for mining the yet untouched floor of international waters raising concerns about potential environmental impacts.
The licenses, issued on 21 July, grant prospecting rights for underwater minerals to private and state-owned companies from Brazil, Cook Islands, Germany, India, Russi. . .
Egypt:TransGlobe Energy discovers oil and wins concession
Posted on :Friday , 5th September 2014
TransGlobe Energy has announced the discovery of a Lower Nukhul oil discovery at NWG 3, a gas/condensate test at North Dabaa 2, and has been awarded a new concession in Egypt’s Western DesertThe oilwell at Lower Nakhul was drilled to a total depth of 1,633 metres and encountered 12.8 metres of net oil pay in the prolific Lower Nukhul formation based on well logs and oil recovered on. . .
Namibia:Global Petroleum s subsidiary gets licence extension
Posted on :Thursday , 4th September 2014
Global Petroleum’s wholly-owned subsidiary Jupiter Petroleum (Namibia) has received a 12-month extension on the initial exploration period of Petroleum Exploration Licence No. 29, which covers blocks 1910B and 2010A in Walvis Basin offshore Namibia
According to the firm, the initial exploration period of the licence will now be valid until December 2015.Enteri. . .
Ghana:Lukoil finds oil and gas offshore
Posted on :Thursday , 4th September 2014
Emmanuel Armah-Kofi Buah, energy minister of Ghana, said, “Lukoil has come to report a discovery and under the petroleum agreement they have 90 days to do an appraisal to determine whether it is commercial.”
Lukoil joined the project for exploration, appraisal, development and production of hydrocarbons on the CTPDW Block in July 2006. A new framework agreement on th. . .
British Companies Explore More Kenya Oil
Posted on :Thursday , 4th September 2014
Nairobi — TOWER Resources, the British oil and gas exploration firm, expressed encouragement at progress made in its operation in Kenya.
The company is involved in a couple of wells in the East African country."(Tower is in) preparation for the drilling of the potentially play-opening Badada-1 well, Block 2B, Kenya, includi. . .Please Select an Option
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