News

  • Savannah Petroleum spuds Kunama-1 well, Niger

    Savannah Petroleum, the West African focused British independent oil and gas company, has announced that the third well in its current Niger drilling campaign, Kunama-1, was spudded on the 21st June.   Kunama-1 is located on the R3 portion of the R3/R4 PSC Area in…

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  • ExxonMobil makes eighth oil discovery offshore Guyana

    ExxonMobil and its partners have achieved an eighth deep-water oil discovery in the Stabroek block offshore Guyana.   The Longtail-1 exploration well, spudded by the drillship Stena Carron late last month in 6,365 feet (1,940 metres) of water in the south-eastern part of the block,…

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  • Mozambique Says 2015 Exploration Contracts Almost Ready

    Mozambique’s oil and gas regulator said exploration contracts for the nation’s fifth licensing round in 2015, which awarded blocks to companies including Exxon Mobil and Eni, are close to being finalised.   Winners of the bidding round have awaited legislation and a new model for…

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  • Iran, Azerbaijan consider joint Caspian Sea development

    The presidents of Azerbaijan and Iran have signed protocols for development of a jointly owned deep-water oil field in the Caspian Sea, according to a report in Iran Petroleum published by news service Shana.   If ratified, the two countries would recover the oil on…

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  • Mubadala enters Zohr licence as Eni finalises stake sale

    Italian oil company Eni has finalised a 10% stake sale in the Shorouk concession to UAE-based Mubadala Petroleum, a subsidiary of Mubadala Investment Company.   Eni agreed to sell the stake to Mubadala Petroleum for US$934 million back in March and the finalisation was announced on Wednesday,…

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