Industry News

Rialto chairman Glenn Whiddon has two predictions – a short life-span for his own company and a long future for its assets.

Canada’s Talisman Energy has sold stakes in nine onshore licences in Papua New Guinea to Japan’s Mitsubishi in a $280 million farmout.

ExxonMobil has ended a long-running feud with Nigerian authorities by putting pen to paper on a deal to renew licences for another 20 years, according to a report.

China's CNOOC Limited has wrapped up its $1.47 billion cash purchase of a stake in Tullow Oil’s Ugandan assets, the company has announced.

Talisman Energy and Mitsubishi have reached agreement on MC's entry into 9 of Talisman's licenses in Papua New Guinea's onshore Western Province.

Royal Dutch Shell will expand its presence in East Africa into Kenya and Mozambique if the purchase of Cove Energy goes through.

Attacks on oil pipelines, a dearth of funding from the state oil firm and regulatory uncertainty have dampened appetite for exploration of Nigeria's huge oil and gas reserves, its biggest producer Shell said on Tuesday.

South Sudan has expelled the head of Chinese-Malaysian oil consortium Petrodar, the main oil firm operating in the new African nation, a top southern official said on Tuesday, escalating a row between Juba and Chinese oil firms.

An offshore Namibia block currently operated by EnerGulf contains an estimated 3.16 billion barrels of potentially recoverable oil, a report released Tuesday by the company said.

Camac Energy has penned a deal which will give it a large chunk of three exploration blocks in East Africa.

UK-based explorer Tullow Oil has completed the long-delayed farm-out of two-thirds of its Ugandan exporation licences to Total and China National Offshore Oil Corporation in a $2.9 billion deal.

Block 11A is an onshore block covering 10913 square kilometers in northwest Kenya near the Ugandan border. Block L1B is an onshore block covering 12197 square kilometers in eastern Kenya on the Soma

The Company has found a total of 32 metres 105 feet of net oil pay in two zones 21 metres 69 feet in the Turonian and 11 metres 36 feet in the Albian. Good quality oil was found in each of the

Additionally the company announced its latest appraisal well offshore Mozambique Lagosta3 encountered approximately 577 total net feet 176 meters of natural gas pay in multiple zones. Offshore

Anadarko Petroleum Corporation has struck a large column of natural gas at an appraisal well off Mozambique.

The acquisition marks Otto39s entry into the exciting East African Rift Valley which is historically underexplored but widely accredited as having sinificant exploration potential. The Company ha

The farmdown follows the recent signing of Production Sharing Agreements quotPSAsquot and the Kingfisher production licence with the Government of Uganda. Tullow CNOOC Limited and Total quo

Cove Energy notes the announcement issued today by Wentworth Resources confirming inter alia that the concession partner and operator MP Exploration and Production Tanzania has elected to exercis

Highlights 577 net feet 176 meters of Natural Gas Pay encountered Extension of Gas accumulation Lagosta 3 the eighth successful well to drill in the world class Windjammer Lagosta Barquen

Australia-based Otto energy will acquire 50% stakes in two onshore production sharing agreements in Tanzania from joint venture partner Swala Oil and Gas, the company has announced.