New Offshore Acreage Licensing to Drop 60% in 2020, Rystad says
Newly licensed offshore oil and gas exploration acreage is likely to fall by about 60% and onshore acreage by 30% compared with 2019 levels, Rystad Energy has said, as the Norwegian energy market analytics company…
South Sudan to Offer Oil Blocks for 2020
South Sudan plans to offer 14 oil blocks to exploration companies in a licensing round by the first quarter 2020, its oil minister said on Tuesday, switching from its previous method of direct negotiations with explorers.The…
Russian Oil Firm Signs Initial Exploration Deal with South Sudan
Russia's Zarubezhneft has signed a memorandum of understanding with South Sudan to explore four oil blocks, South Sudan's petroleum minister said on Tuesday.The company was awaiting more information on the blocks from the Petroleum Ministry before starting explorat
South Sudan: U.S. Sanctions Undermine 'search for peace'
U.S. sanctions on 15 South Sudanese oil operators will work against efforts to restore peace and stability in the nation, the government said on Thursday. The sanctions, which were announced on Wednesday, will require…
South Sudan Eyes OPEC Membership
South Sudan is exploring the benefits of joining the Organization of the Petroleum Exporting Countries as the African nation aims to more than double crude production within 12 months, its oil minister said on Wednesday.
South Sudan Rebels Free Three Oil Workers
South Sudanese rebels said on Thursday they had freed three oil workers from Pakistan and India that their fighters had seized earlier this month. The three were released on the orders of the rebels' leader, former vice president Riek Machar…
South Sudan Rebels Seize Oil Workers, Demand Firm's Exit
South Sudanese rebels said on Monday they had kidnapped four oil workers including a Pakistani national, in a bid to force their Chinese and Malaysian consortium to leave the country. The fighters loyal to former…
Djibouti Breaks Ground on Massive FTZ
The president of Djibouti on Monday formally launched the construction of a project touted as Africa's largest free trade zone, to be built in the tiny Horn of African nation with Chinese backing. The agreement to…
OPEC, Non-OPEC Ministers Meet
Following the ‘Vienna Agreement’ decided upon at the 171st Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) on 30th November, 2016, Ministers from OPEC met with a number of…
Saudis Order Oil cuts to U.S., EU, Ahead of non-OPEC talks
OPEC to meet non-OPEC countries in Vienna in Saturday; Russia signals deal still faces challenges. Saudi Arabia has told its U.S. and European customers it will reduce oil deliveries from January as Russia signalled…
Lundin Petroleum CEO to be Questioned on Sudan Allegations
Swedish prosecutors will question the CEO and chairman of Swedish oil firm Lundin Petroleum about possible crimes against international humanitarian law in Sudan, a company spokesman said on Friday. In 2010, prosecutors…
Kenya, Ethiopia Plan Oil Products Pipeline
Kenya and Ethiopia aim to finalise plans by the end of 2016 for a refined oil products pipeline to be built from Kenya's north coast to the Ethiopian capital, the two said on Thursday. Kenya has been seeking to develop a new port on its north coast at Lamu…
Sudan Offers Three O&G Blocks to India's ONGC Videsh
Sudan has offered three oil and gas blocks for exploration and development to India's ONGC Videsh as part of efforts to increase the country's oil revenue, oil minister Mohamed Zayed Awad said on Wednesday. The African…
South Sudan Oil Revenue at $3.38 bln, Hit by Conflict and Price Falls
South Sudan's oil revenue last year was hit by reduced output because of conflict in the African republic and the rapid decline in oil prices, petroleum minister Stephen Dhieu Dau said in a statement seen by Reuters on Saturday.
Sudan to Drill Hundreds of Wells to Boost Reserves
Sudan's oil minister says the country will drill more than 250 wells in the coming year, aiming to boost its energy reserves by 65.4 million barrels of oil and 300 billion cubic feet of gas, state media reported on Tuesday.
Kemp: Oil Market Mightier than OPEC
There is nothing remotely surprising about the sharp fall in oil prices over the last four months, except perhaps the timing. The fundamental forces driving prices lower (rising supply outside OPEC from shale and…
Denmark's NIRAS to Design New Oil Terminal in Kenya
Denmark's NIRAS has won a government contract to design a replacement oil terminal in the Kenyan port of Mombasa, which will be larger than the current 50-year old terminal and will ease the flow of fuel imports, a government official said.
Kenya, Uganda, Rwanda Cut Costs of Cross-Border Calls
Kenya, Uganda and Rwanda have slashed the costs of making mobile phone calls across their borders by more than 60 percent, as part of efforts to enhance regional integration, the Kenyan communication minister said on Wednesday.
Kenyan Protesters Block Mobassa Port Highway
Protesters in Kenya blocked truckers on the only highway from Mombasa port to the capital Nairobi on Friday, threatening to choke the main trade artery with much of east Africa. More than two hundred residents in Voi…
DW Release World Drilling & Production Forecast Update
The new quarterly issue (Q3) of Douglas-Westwood’s (DW) World Drilling and Production Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Iraq, Libya and Uzbekistan. DW inform that…
