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July 28, 2020Egypt Announces New Oil Discovery in the Gulf of Suez
The initial production rate of the new discovery is estimated at 2,000 barrels of oil per day. Exploration and production company Petrogulf Misr and the Egyptian Ministry of Petroleum recently announced the discovery of a deposit of approximately 70 million barrels of crude oil in the shallow waters of the Geisum concession, south of the […]
June 22, 2020Egypt Announces New Oil Discovery in the Gulf of Suez
The initial production rate of the new discovery is estimated at 2,000 barrels of oil per day.
May 14, 2019Eni makes light oil discovery offshore Angola
The discovery indicates upside potential for Block 15/06.
February 4, 2019Oil discovery would be a game changer for South Africa’s economy
Total in final stages of oil drilling exploration offshore Mossel bay.
June 8, 2018Market Report: Savannah Petroleum makes oil discovery in Niger
Oil prices rise, Savannah Petroleum makes oil discovery in its Niger Amdigh-1 exploration well.
December 11, 2019Springfield Group Confirms 1.5 Billion Barrels of Oil in Recent Discovery
The discovery will boost Ghana’s production from 200,000 to 250,000 barrels of oil per day.
May 25, 2020Angola Exploration License Extensions Could Spur Oil Sector Recovery
Several IOCs received extensions on existing block licenses in Angola before the COVID-19 crisis.
May 15, 2020Market Report: Eni SpA and Springfield E&P to Combine Oil and Gas Fields
Minister John-Peter Amewu says the fields have “identical reservoir and fluid properties”.
May 7, 2020Investment Report Examines Angola Oil and Gas Projects
Africa Oil & Power launched its Africa Energy Series Special Report: Angola 2020 on Thursday.
May 5, 2020No Deal on Texas Oil Production Cuts
The regulating agency voted against production cuts, but eased rules on crude oil storage.