Eni signs concession agreements for two offshore exploration blocks in Egypt

Posted on :Thursday , 22nd January 2015

Italian energy firm Eni has signed concession agreements to explore two new blocks offshore Egypt.

The blocks, North Leil and Karawan, are located in the deepwater Egyptian Mediterranean, west of the Shorouk block, which Eni acquired in 2014.

Eni gets Angola extension

Posted on :Thursday , 22nd January 2015

 The company says that the original exploration period expired in November 2014 and Eni requested an extension in order to complete the exploration activities already identified: the three-year plan envisages the drilling of three wells and 1,000 square kilometers of 3D seismic.

Tullow, Africa Oil to drill up to 6 basin openers in Northern Kenya in 2015

Posted on :Wednesday , 21st January 2015

 Tullow Oil and Africa Oil say they plan to drill 6 basin openers in North Western Kenya’s North Lokichar basin, Kerio basin as well as in North Turkana according to the latest presentation by Africa Oil.

East Africa potential LNG market for investors

Posted on :Wednesday , 21st January 2015

Vast amounts. Mozambique alone is estimated to have gas reserves of up to 4.25 trillion cu/m and Tanzania potentially as much as 1.41 trillion cu/m (Petroleum-economist). But in a global economy where commodity prices, consumer demand and ‘timing to market’ are crucial, there is no guarantee that even these amounts can be commercialised in the foreseeable future. However, for both c. . .

Hydrocarb Energy moves ahead with seismic program in Namibia

Posted on :Saturday , 17th January 2015

 Hydrocarb Energy Corporation (OTCQB:HECC) has announced it is preparing to issue Request For Proposals to four seismic acquisition contractors to complete a 750km 2-dimensional seismic program on its 21,300 sq km (5.3 million acre) Owambo Basin concession. Comprising blocks 1714A, 1715, 1814A, and 1815A in northern Namibia, the concession is adjacent to the Angola border. Seismic data wil. . .