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Play by Play: Albertine Graben

The Ugandan basin had, until very recently, been divided in 17 different exploration zones situated within blocks 1, 2, 3A, 3B, 3C, 3D, 4A, 4B and 5, with blocks 2 and 3A covering almost all of Ugandan's territorial waters of Lake Albert. However, in a recent farm-down deal still subject to appro ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 years agoLink > Albertine GrabenLake AlbertLake Edward +2

Play by Play: Lake Kivu

Lake Kivu's oil and gas potential is less conventional than other basins in the East Africa Rift System (EARS), and yet, it is the only one where the resources in place are already in production. Estimated at 60 billion cubic meters of methane gas and 300 billion cubic meters of carbon dioxide ac ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 years agoLink > Lake KivuRwandaDRC +2

Political Certainty and Policy Discipline, a Way Forward for South Africa

South Africa is now gaining more political certainty, which will be good for investors, however, the key things I see happening this year are the revitalization of the Mineral and Petroleum Resources Development Act (MPRDA) and the challenges around commerciality as well as substantive and procedu ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 year agoLink > cape townSouth AfricaAfrica +9

Editor’s Top Picks from 2018

Here are some of the top interviews, news and articles from Africa Oil & Power's year of covering the continent's oil and power sectors. Africa is a home to giants — boasting some of the world's top oil and gas discoveries and a wealth of investment opportunities in power generation from oil and ...

Aydanur Akkurt - Africa Oil & Power


Posted 6 months agoLink > NigeriaOPECNOPEC +2

Projects reaching FID in 2019

Cairn Energy and Woodside Energy's much anticipated SNE project is expected to reach FID in early 2019, with the companies submitting the Development and Exploitation Plan to the Ministry for approval in October 2018. Nigeria-based Seplat initially predicted reaching FID by the end of 2018 on the ...

Aydanur Akkurt - Africa Oil & Power


Posted 6 months agoLink > OPECSenegalMauritania +3

Big Barrels: African Oil and Gas and the Quest for Prosperity

In his first book, Big Barrels: African Oil and Gas and the Quest for Prosperity, co-written with João Marques, Mr. Ayuk confronts the widely communicated view that African nations with oil and gas resources inevitably suffer from the effects of the ‘resource curse'. Through a detailed analysis o ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 years agoLink > AfricaOilgas +4

Building on 2018

“As the oil price is steadily rising towards pre-collapse levels, the outlook is positive,” PwC said in its annual Africa Oil & Gas Review released in November 2018. By June 2018, more than $110 billion in global oil and gas projects had been approved since 2017 — a more than 100 percent increase ...

Aydanur Akkurt - Africa Oil & Power


Posted 6 months agoLink > Oil and Gas Productionoil priceOffshore Drilling +10

Study: Oil, Gas Development Costs Fall, But Could Go Lower

Looking specifically at seven supermajors—BP, Royal Dutch Shell Plc (NYSE: RDS.A), Eni (NYSE: E), Chevron Corp. (NYSE: CVX), ExxonMobil Corp. (NYSE: XOM), Total (NYSE: TOT) and ConocoPhillips (NYSE: COP)—development cost per barrel of oil equivalent (boe) increased by 66% between 2011 and 2015, bu ...

Muktadir Ur Rahman


Posted 2 years agoLink > Supermajors Cost IndexBPShell +20

Supermajors’ Cost Index: How Efficient are they in Developing their Assets? | Petroleum Africa

The ‘lower for longer' oil price environment has forced oil and gas companies to look hard at their cost structures. Despite development costs accounting for more than 50% of total costs, the industry currently acks a widely accepted measure for assessing efficiency in this area.

Muktadir Ur Rahman


Posted 2 years agoLink > Supermajors Cost IndexBPShell +20

Exclusive: Maersk, DONG oil and gas merger talks stall over price - sources

COPENHAGEN/LONDON Talks between shipping group A.P. Moller-Maersk (MAERSKb.CO) and DONG Energy (DENERG.CO) to merge their oil and gas business have stalled after the two Danish firms could not agree on a price, industry and banking sources said on Wednesday.The breakdown in talks aimed at creating ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > Maersk OilDONG Oilmerger

Exclusive: Cost of pump-at-will oil policy spurred Saudi OPEC U-turn

Sources say the kingdom may have stretched its current limits by extracting a record of around 10.7 million bpd this year, which could be one reason why Riyadh pushed so hard for a global deal to cut production.Riyadh, the world's top oil exporter, felt the burn of cheap oil this year when crude w ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil priceSaudi Arabia

Oil hits highest since mid-2015 as OPEC and rivals agree historic deal

LONDON Oil rose by as much as 6.5 percent on Monday to an 18-month high after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to try to tackle global oversupply and boost prices.Brent crude futures were up $2.38 at $56.72 per barrel by 1002 GMT, having hit ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil price

Oil surges 10pc as OPEC agrees to cut production

The deal brokered at talks in Vienna was achieved after OPEC's largest producer Saudi Arabia gave ground and agreed that Iran — still recovering from trade sanctions — was a special case and would be exempted from the cuts. The deal will reduce output by 1.8MMbd from January 2017 and runs for 6 m ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil priceSaudi Arabia +1

Oil prices continue rise as OPEC, Russia agree to cut production

Oil prices have continued their rise after oil producers cartel OPEC and Russia agreed to cut production at a meeting in Vienna yesterday. US stocks have rallied to record highs following the election of Donald Trump as the next US president on optimism about his plans for more infrastructure spe ...

Adam Marmaras - OilVoice


Posted 2 years agoLink > OPECoil priceRussia

Trump Says U.S. Should Have Stolen Iraq’s Oil, ‘Maybe We’ll Have Another Chance’

While addressing the CIA on Saturday, President Donald Trump took a break from lambasting the media to remind everyone that he thinks the U.S. should have stolen Iraq's oil. He made the argument numerous times on the campaign trail, suggesting that the U.S. could take Iraq's oil while fighting IS ...

OilVoice Press - OilVoice


Posted 2 years agoLink > Donald TrumpIraq
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