Tag: OCCIDENTAL
-
ENI Makes Light Oil Discovery Offshore Angola
Italian oil company,ENI, has made a new light oil discovery in Block 15/06, in Angola’s deep offshore. The well was drilled on the Ndungu exploration prospect. According to ENI’s statement on Tuesday, the new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside. The Ndungu-1 NFW…
-
Oil Tanker Collision In Houston Causes Leak, Closes Critical Port
A collision between an oil tanker and a tug boat in the Houston Ship Channel on Friday caused a capsizing and an oil derivative leak. The tug boat, according to reports, was moving two barges, one of which capsized as a result of the collision. The two vessels were carrying a combined 25,000 tons of…
-
Lekoil Withdraws Legal Action In Nigeria Over Offshore Block
Nigerian oil company Lekoil will drop legal action against the Nigerian oil ministry in relation to its acquisition of a stake in an offshore block from Afren. As previously reported, Lekoil, which holds an unconditional 17.14 percent interest in the OPL 310 located in shallow water offshore Lagos, in 2016 bought an additional 22.86 percent…
-
ACEP Demands Immediate Review Of 13 Petroleum Agreements
Benjamin Boakye, Executive Director of ACEP The Africa Center for Energy Policy (ACEP) has urged government to, as a matter of urgency, review all existing Petroleum Contracts and their deliverables to ensure that companies who are not complying with their contracts are sanctioned appropriately. According to ACEP, out of the 15 active Petroleum Agreements, beyond…
-
Uganda Puts Five Oil Blocks Up For Licensing
Uganda has put five new blocks on offer for its second licensing round in the Albertine Graben, according to an announcement by the Minister of Energy and Mineral Development Ing. Irene Muloni at the East African Petroleum Conference and Exhibition, Kenya. Muloni said Uganda was expecting many potential exploration companies for the blocks given that…
-
ENI Discovers New Oil Field
The Italian oil giant, Eni, has made a significant gas and condensate discovery in the Cape Three Points Block Four (CTP-Block 4) offshore Ghana in the Western Region. The well, drilled on the Akoma exploration prospect, proved an estimated volume of between 550 and 650 billion cubic feet (bcf) of gas and 18 to 20…
-
Chevron Walks Away From $33 Billion Deal to Buy Anadarko
Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a month-long bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size. The most ambitious foray of Chevron Chief Executive Officer Mike Wirth’s tenure ended Thursday after the world’s third-largest oil explorer by…
-
Ghana: Energy Minister Defends Renegotiated AGM Contract
Energy Minister, Hon. John-Peter Amewu Ghana’s Minister for Energy, John-Peter Amewu has mounted spirited defence for government’s decision to renegotiate a Petroleum Agreement (PA) the previous administration signed with AGM, a company affiliated to Aker Energy, a Norwegian Oil firm. He held that the renegotiated Petroleum Agreement was done in the best interest of the…
-
US Threatens Iran With Show Of Force
The United States and Iran continued to trade barbs on Wednesday over the Iranian nuclear deal and Iranian oil exports as the United States stands firm on its position that it will succeed in reducing Iranian oil exports to zero, according to a US briefing reported by Asharq Al-Awsat. The US responded to flare ups…
-
Exclusive Photos of Ghanaian Delegation At OTC, Texas, USA
EnergyNewsAfrica.com brings you some of the photos captured by our camera at the ongoing Offshore Technology Conference(OTC) in Houston, Texas, USA. Ghanaian Delegation at Ghana’s Pavilion at the NRG Park, venue for the OTCThe Delegation at Chateau Crystalle, where the Ghana Houston Chamber of Commerce held its Oil and Gas panel discussionPhotos from Aker Energy…