Explorers see promise in Egypt oil, gas when subsidies eased

CAIRO, Egypt (Bloomberg) -- Explorers in Egypt expect constraints on domestic energy prices to loosen, prompting new investment in oil and natural gas fields. Companies including Citadel Capital SAE, Circle Oil Plc and Petroceltic International Plc expect President Abdel-Fattah El-Sisi to make good on promises to reduce subsidies of more than $20 billion a year and ease demands that producers sell fuel on the domestic market well below international prices, they said at a conference in London on June 27.

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Swala Energy reports positive results from block 12B seismic programme in Kenya

Swala Energy reports positive results from block 12B seismic programme in Kenya PERTH, Australia Swala Energy Limited (Swala) provided an update on the 2D seismic programme underway in Block 12B in Kenya. Swala has a 25% equity interest in the

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Libya’s biggest oil port may open in August, rebels say

BENGHAZI, Libya (Bloomberg) -- Libya’s largest oil-export terminal, the port of Es Sider, may re-open in August after the North African nation’s new parliament takes office, said a spokesman of the rebel group that shut the facility almost a year ago. “It’s possible to solve all issues and get to an agreement to re-open Es Sider and Ras Lanuf when the new parliament starts working, God willing, after Ramadan,” Ali Al-Hassy, a spokesman of the Executive Office for Barqa, said by phone from eastern Libya.

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Exxon reports fire, oil spill at Nigeria terminal

IRVING, Texas (Bloomberg) -- Exxon Mobil Corp. said thunderstorms caused a tank fire June 27 and an oil spill today, June 29, at the Mobil Producing Nigeria Qua Iboe Terminal it operates in Akwa Ibom state.

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Tangiers Petroleum commences drilling at TAO-1 well

Tangiers Petroleum commences drilling at TAO 1 well PERTH, Australia The TAO 1 well is located within a proven petroleum system, adjacent to the Cap Juby heavy oil discovery and has been designed to test up to three stacked objectives,

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Ophir Energy gives upadte on Okala-1, Gabon

Ophir Energy gives upadte on Okala 1, Gabon LONDON, United Kingdom Ophir Energy reported that drilling operations have now concluded on the Okala 1 well in the Mbeli Block offshore Gabon. Ophir has a 50% net operated interest. The well

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Eni granted three new permits in Algeria

MILAN, Italy -- Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits authorize Eni, as operator, and Sonatrach to carry out prospection activities in the basins of Timimoun and Oued Mya, in onshore southern Algeria. The three permits (El Guefoul, Tinerkouk and Terfas), issued from the national agency for the exploitation of hydrocarbon resources (Agence Nationale pour la Valorisation des Ressources en Hydrocarbures, ALNAFT), are valid for two years and cover a total area of 46,837 sq km.

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Supreme Court clears Repsol to drill off Spain’s Canary Islands

Supreme Court clears Repsol to drill off Spain’s Canary Islands TODD WHITE MADRID, Spain (Bloomberg) -- Repsol SA’s plans to explore for oil off the Spanish Canary Islands in a $10-billion project won backing from the nation’s Supreme Court. The justices rejected seven appeals against Repsol’s exploration per

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Lukoil, NewAge farm into Bowleven’s Cameroon offshore block

Lukoil, NewAge farm into Bowleven’s Cameroon offshore block EDINBURGH, United Kingdom Bowleven reported that it has delivered its strategic intent to sell part of its interest in the Etinde Permit, offshore Cameroon, by entering into a conditional agreement with LUKOIL

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Tullow Oil gives East Africa operational update

Tullow Oil gives East Africa operational update LONDON, United Kingdom Tullow Oil’s partner in Blocks 10BB and 13T in Northern Kenya (Tullow 50% operated interest), issued the following operational update. Ngamia 2 appraisal well encounters up to 39 m of

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Pura Vida upgrades reserve estimate for Nkembe block

Pura Vida Nkembe block holds 815 mmbo PERTH, Australia Pura Vida Energy informed an upgrade to its prospective resource assessment of the Nkembe PSC, offshore Gabon. Further technical work undertaken by the company has revealed a significant new play in

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Sonde seeks alternatives for Joint Oil block in North Africa

Sonde seeks alternatives for Joint Oil block in North Africa CALGARY, ALBERTA Sonde Resources reported the following operational updates of North Africa. In March 2014, Sonde retained Taylor DeJongh, to initiate a process to explore and evaluate potential strategic alternatives

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Tangiers Petroleum commences drilling at TAO-1 well

Tangiers Petroleum commences drilling at TAO 1 well PERTH, Australia The TAO 1 well is located within a proven petroleum system, adjacent to the Cap Juby heavy oil discovery and has been designed to test up to three stacked objectives,

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Ophir Energy gives upadte on Okala-1, Gabon

Ophir Energy gives upadte on Okala 1, Gabon LONDON, United Kingdom Ophir Energy reported that drilling operations have now concluded on the Okala 1 well in the Mbeli Block offshore Gabon. Ophir has a 50% net operated interest. The well

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Eni granted three new permits in Algeria

MILAN, Italy -- Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits authorize Eni, as operator, and Sonatrach to carry out prospection activities in the basins of Timimoun and Oued Mya, in onshore southern Algeria. The three permits (El Guefoul, Tinerkouk and Terfas), issued from the national agency for the exploitation of hydrocarbon resources (Agence Nationale pour la Valorisation des Ressources en Hydrocarbures, ALNAFT), are valid for two years and cover a total area of 46,837 sq km.

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Supreme Court clears Repsol to drill off Spain’s Canary Islands

Supreme Court clears Repsol to drill off Spain’s Canary Islands TODD WHITE MADRID, Spain (Bloomberg) -- Repsol SA’s plans to explore for oil off the Spanish Canary Islands in a $10-billion project won backing from the nation’s Supreme Court. The justices rejected seven appeals against Repsol’s exploration per

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Lukoil, NewAge farm into Bowleven’s Cameroon offshore block

Lukoil, NewAge farm into Bowleven’s Cameroon offshore block EDINBURGH, United Kingdom Bowleven reported that it has delivered its strategic intent to sell part of its interest in the Etinde Permit, offshore Cameroon, by entering into a conditional agreement with LUKOIL

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Tullow Oil gives East Africa operational update

Tullow Oil gives East Africa operational update LONDON, United Kingdom Tullow Oil’s partner in Blocks 10BB and 13T in Northern Kenya (Tullow 50% operated interest), issued the following operational update. Ngamia 2 appraisal well encounters up to 39 m of

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Pura Vida: Nkembe block holds 815 mmbo

Pura Vida Nkembe block holds 815 mmbo PERTH, Australia Pura Vida Energy informed an upgrade to its prospective resource assessment of the Nkembe PSC, offshore Gabon. Further technical work undertaken by the company has revealed a significant new play in

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Sonde seeks alternatives for Joint Oil block in North Africa

Sonde seeks alternatives for Joint Oil block in North Africa CALGARY, ALBERTA Sonde Resources reported the following operational updates of North Africa. In March 2014, Sonde retained Taylor DeJongh, to initiate a process to explore and evaluate potential strategic alternatives

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Nigeria approves Oando, ConocoPhillips transaction

Nigeria approves Oando, ConocoPhillips transaction CALGARY, Alberta Oando Energy Resources (OER) reported a receipt of the consent of the Honourable Minister of Petroleum Resources of Nigeria for the acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips for

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Atwood Oceanics receives contract for semisubmersible rig from CNOOC Africa

Atwood Oceanics receives contract for semisubmersible rig from CNOOC Africa HOUSTON, Texas Atwood Oceanics reported that one of its subsidiaries has been awarded a drilling services contract by CNOOC Africa for the semisubmersible rig Atwood Hunter. The contract will be

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Statoil makes high-impact gas discovery offshore Tanzania

STAVANGER, Norway -- The discovery of an additional 2 Tcf to 3 Tcf of natural gas-in-place at the Piri-1 well brings the total of in-place volumes up to approximately 20 Tcf in Block 2, offshore Tanzania.

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Sunbird-1 oil zone verified offshore Kenya

Sunbird-1 oil zone verified offshore Kenya PERTH, Australia -- Pancontinental Oil and Gas reported it has verified that the recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column the first ever oil discovered off the East African coast. The gross oil column is assessed to b

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Circle Oil starts drilling SAH-W1 well in Sebou permit, Morocco

Circle Oil starts drilling SAH W1 well in Sebou permit, Morocco LIMERICK, Ireland Circle Oil, reported the preliminary results of drilling of the well SAH W1 in the Sebou Permit, onshore Morocco. The well is located within the western central

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Total’s 'Disappointment' with Angola LNG adds to output gap

Total’s ' Disappointment' with Angola LNG adds to output gap EDUARD GISMATULLIN and TARA PATEL COURBEVOIE, France (Bloomberg) Angola LNG, a $10 billion LNG plant halted in April due to a leak, has proved to be a disappointment for Total. “The

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CAMAC Energy spuds Oyo-8 development well offshore Nigeria

CAMAC Energy spuds Oyo 8 development well offshore Nigeria HOUSTON, Texas CAMAC Energy reported that the Oyo 8 development well was spudded on June 15, 2014. The Oyo 8 well is located offshore Nigeria in OML 120, where CAMAC Energy

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BP Statistical Review shows strength of global energy

BP Statistical Review shows strength of global energy MOSCOW The BP Statistical Review of World Energy 2014 – launched today at the World Petroleum Congress meeting in Moscow – reveals how the world of energy echoed broader global themes in

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Rosneft and Mozambique’s ENH sign MoU

Rosneft and Mozambique’s ENH sign MoU MOSCOW, Russia Igor Sechin, President & Chairman, Rosneft, Nelson Ocuane, President, Mozambique National Oil Co (ENH) and Paulino Gregorio, Director, ENH signed a Memorandum of Understanding at the 21st World Petroleum Congress on June

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Polarcus receives Letter of Intent for 3D seismic acquisition

Polarcus receives Letter of Intent for 3D seismic acquisition DUBAI, United Arab Emirates Polarcus reported that the company has received a Letter of Intent for a 3D marine seismic acquisition project for an undisclosed client offshore West Africa. The project,

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Chevron sells interests in Chad, Cameroon

SAN RAMON, California -- Chevron Corporation' s subsidiary, Chevron Global Energy Inc., has sold its 25% non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of Chad for approximately $1.3 billion. The sale closed June 13.

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ConocoPhillips partner FAR starts effort to sell Kenya stake

MELBOURNE, Australia (Bloomberg) -- FAR Ltd., exploring off Senegal with ConocoPhillips and Cairn Energy Plc, is looking for a partner in Kenya as drilling picks up in the region. FAR started a process in London last week and Australia this week giving companies access to its data, Managing Director Cath Norman said today, June 13, in a phone interview from Melbourne.

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Total to drill offshore Angola, South Africa after CLOV start

PARIS (Bloomberg) -- Total SA is preparing to drill an exploratory well beneath a layer of salt in waters off Angola this month after successfully starting production at another of the country’s offshore fields.

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Total starts production at CLOV, boosts Block 17 output to 700,000 bpd

PARIS -- Total, operator of Block 17 in Angola, has started up CLOV, a major deep offshore development located 140 km offshore Luanda, in line with the initial project schedule. With a production capacity of 160,000 bpd, CLOV will develop proven and probable reserves of over 500 MMbbl. After Girassol, Dalia and Pazflor, CLOV is the fourth FPSO unit on Block 17.

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Tellus Resources acquires interest in Block 3114 in Madagascar in deal with Caravel Energy

Tellus Resources acquires interest in Block 3114 in Madagascar in deal with Caravel Energy ADELAIDE Tellus Resources reported that it has agreed to acquire a 25% interest (with the right to acquire up to an 80% interest) in a drill

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Marsol International grows in partnership with RMA

DUBAI, United Arab Emirates -- Marsol International, a UAE-based global marine solutions provider focused on the offshore oil terminal market and related infrastructure, has entered into a partnership with RMA Engineering Solutions (RMAES) to support its international growth strategy.

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East African energy boom investments to take focus in budgets

East African energy boom investments to take focus in budgets DAVID MALINGHA DOYA (Bloomberg) Kenya, Uganda and Tanzania plan to allocate money in their annual budgets to spur investment in infrastructure to exploit oil and natural gas from deposits that

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Unique Hydra unveils the HYDRACraft series

Unique Hydra unveils the HYDRACraft seriesCAPE TOWN Unique Hydra reported their second order, for its diving daughtercraft system called the HYDRACraft. Unique Hydra has spent the past twelve months engaging with clients to understand their diving daughtercraft operational and equipment

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Circle Oil spuds El Mediouni-1 exploration well offshore Tunisia

Circle Oil spuds El Mediouni 1 exploration well offshore Tunisia LIMERICK, Ireland Circle Oil, commenced drilling of the well EMD 1 on the offshore Mahdia Permit using the drillship PetroSaudi Discoverer. The well is located within the vicinity of many

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UN says oil search in Northern Somalia risks stoking tensions

UN says oil search in Northern Somalia risks stoking tensions ILYA GRIDNEFF (Bloomberg) Two semi autonomous areas of northern Somalia have largely avoided the violence that’s plagued the rest of the Horn of African nation for decades. Now oil exploration

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Dow, Veolia to deliver ultrafiltration for Total’s Moho Nord FPU

EDINA, Minnesota -- Dow Water & Process Solutions’ ultrafiltration (UF) membrane technology will soon start treating seawater off the coast of the Republic of the Congo required for reservoir injection. The UF seawater treatment installation on the new Moho Nord FPU, commissioned by Total, will treat 210,000 barrels of seawater per day. High-quality water will be produced on the FPU through a compact multi-element UF system designed and supplied by Veolia Water Technologies, utilizing DOW IntegraFlo UF elements.

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Ocean Rig inks contract with Total for drillship Ocean Rig Skyros

Ocean Rig inks contract with Total for drillship Ocean Rig Skyros NICOSIA, Cyprus Ocean Rig UDW (Ocean Rig), a global provider of offshore deepwater drilling services, announced today that it has signed definitive documentation, following the previously announced contract award,

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Bluewater awarded Turret Mooring contract for Kaombo field

Bluewater awarded Turret Mooring contract for Kaombo field HOOFDDORP, Netherlands Bluewater Energy Services has secured a contract with Saipem for the engineering of two complete deep water Turret Mooring Systems and the related procurement and construction of two Turret and

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RWE Dea celebrates 30 years of production in Gulf of Suez

HAMBURG, Germany -- RWE Dea has achieved 30 years of oil production in the Gulf of Suez. The company has been producing oil from the Ras Fanar field, just a few miles off the west coast of the Gulf, since 1984. Oil production at RWE Dea’s other two concessions in the Gulf of Suez -- Zeit Bay and Ras Budran -- has also been ongoing for around 30 years. From these three oil fields, RWE Dea has produced a total of 640 MMbbl of oil. RWE Dea operates and owns 100% of the three concessions.

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Vallourec to supply premium line pipe solutions for TEN project offshore Ghana

BOULOGNE-BILLANCOURT, France -- Vallourec announced that it has been selected to supply premium line pipes and welding services for the TEN ultra-deepwater oil and gas project, operated by Tullow Oil in Ghana, and executed by a consortium of Subsea 7 and Technip.

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Seadrill nets contract for new ultra-deepwater drillship

HAMILTON, Bermuda -- Seadrill Limited has secured a contract with Total Upstream Nigeria Ltd for employment of the newbuild ultra-deepwater drillship West Jupiter, in support of the EGINA ultra-deep offshore project in Nigeria.

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South Sudan earned $1.9 bn from oil as output boost pledged

JUBA, South Sudan (Bloomberg) -- South Sudan said it earned $1.9 billion from oil sales in the 12 months through May as the country seeks to restore output lost in nearly six months of conflict. The sale of 35.3 MMbbl of crude brought total revenue of $3.5 billion, the Petroleum Ministry said in an emailed statement.

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