The Congolese government has talked to Tullow Oil about purchasing a stake in the Lake Albert licences along the country’s border with Uganda, said four people with knowledge of the discussions. Total and Eni had also showed some interest, two of the people said. The blocks could be a natural fit for Tullow and Total,
Eni has announced a second light oil discovery on the B1-X exploration prospect located in the South West Meleiha license, located in Egypt’s Western Desert, the company announced in a press release. The well has delivered 5,130 barrels of light oil per day with low associated gas. It is the second well drilled by Eni to
Exxon Mobil Corp. is in advanced negotiations with Eni SpA over acquiring a minority stake in natural-gas discoveries off Mozambique, according to two people with knowledge of the talks. Exxon Chief Executive Officer Rex Tillerson discussed the plan with Mozambique President Filipe Nyusi last week in Maputo, the African nation’s capital, according to one of
Oil giants Exxon Mobil, Eni and South Africa based Sasol emerged among the winners of the Mozambique’s lucrative exploration rights for fossil fuels off its Indian Ocean. Exxon Mobil dominated the bids by taking three blocks Out of the six The companies won the bids in Mozambique’s fifth oil and gas round issued by the
By Agencies… Western oil executives have warned Nigeria against sweeping changes to commercial contracts that could lead to the government taking a bigger share of revenues from the country’s vast deepwater fields. As Africa’s leading crude producer begins a clean-up of the industry that is its economic lifeblood, the state-owned Nigerian National Petroleum Corporation has
Mozambique announced closure of the Fifth Licensing round of 15 blocks with hydrocarbon potential in the offshore areas of Rovuma, Zambezi and Angoche, and the onshore areas of Pande-Temane and Palmeira on July 30, 2015. Following a call for applicants that commenced in October 2014, the nation emerged from the Request for application process with seven