New Age (African Global Energy) Limited (‘New Age’ or ‘the Company’) announces that its subsidiary New Age M12 Holdings Limited has completed the sale of its 25% non-operated interest in the Marine XII License to LUKOIL Upstream Congo SAU, a wholly owned subsidiary of PJSC LUKOIL, for $800 million. The...
ПАО «ЛУКОЙЛ» сообщает о закрытии сделки по приобретению 25%-ной доли участия в проекте Marine XII в Республике Конго у Компании New Age M12 Holdings Limited. Сделка была закрыта после выполнения всех отлагательных условий, в том числе получения одобрения государственных органов Республики Конго. Справка Лицензионный участок Marine XII площадью 571 кв. км...
A consortium of Indian companies led by ONGC Videsh (OVL) is to acquire a 49 per cent stake in Russia's Vankor cluster oilfields. Prime Minister Narendra Modi and Russian President Vladimir Putin agreed the deal as part of a wider range of investment agreements signed at the Eastern...
The MENA region will need to invest $209 billion in the power sector over the next five years, according to a new report by The Arab Petroleum Investments Corporation (APICORP). The latest MENA Power Investment Outlook 2019-2023 estimates that investment in the MENA energy sector could reach $1 trillion, with...
Net additions of on-grid generation capacity were at their lowest levels since 2011 in Q1 2019, according to African Energy Live Data. The slowdown comes as attention shifts to transmission and distribution and major procurement programs wind down The first set of quarterly figures to be produced by African Energy...
Mexico's regulator has approved Shell's exploration plans for four deepwater areas, after it gave the green light to five others earlier this week, committing Royal Dutch Shell to invest at least $791 million. The plans stipulate that Anglo-Dutch Shell could invest up to $1.06 billion in the four blocks, mostly...
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. The new discovery is estimated to contain up to 250 million barrels of light oil in place, with further upside. The Ndungu-1 NFW well is located...
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 Eng. Irene Muloni at the East African Petroleum Conference and Exhibition, Kenya. Muloni said Uganda was expecting many potential exploration companies...
Mazarine Energy B.V. announced that its subsidiary, Mazarine Energy Tunisia B.V., and partner ETAP (Entreprise Tunisienne d’Activités Pétrolières) have discovered an oil-bearing reservoir in exploration well Sidi Marzoug-1 (SMG-1) in the 4,012-sq-km Zaafrane permit in Central Tunisia. During a production test, SMG-1 well flowed, constrained by surface facilities, at a...
With interest high in oil and gas opportunities offshore Brazil, the country known for its deep water and huge presalt reserves is preparing for another set of auctions this year. Investors will have plenty of opportunities to take part in strengthening Brazil’s energy sector. The main one, according to Marcio...