Post Tagged with: "Africa"
Halliburton Lands Nine Contracts for Offshore Project in West Africa
Houston oilfield service company Halliburton has landed nine contracts to drill and complete a series of wells off the coast in West Africa.
Australian exploration and production company Woodside Energy awarded the contracts to Halliburton as …
Anadarko Petroleum Beats Profit Estimates on Higher Output
From Reuters
Anadarko Petroleum Corp (APC.N), in its last earnings report before shareholders vote on its sale to Occidental Petroleum (OXY.N), on Friday reported a quarterly profit that topped analysts’ estimates, as higher production offset lower prices for its oil.…
5 Main Competitors to U.S. LNG Dominance
From E&E News
The United States is rapidly increasing its exports of liquefied natural gas. But it isn’t the only nation doing so or that has plans to do so.
The addition of the Cove Point LNG plant in Maryland …
The North Sea Will Have Legs in 2018: Halliburton CEO Miller
Halliburton Company (ticker: HAL) announced a loss from continuing operations of $805 million, or ($0.92) per diluted share, for the fourth quarter of 2017. Adjusted income from continuing operations for the fourth quarter of 2017, excluding charges related to United …
Exclusive Video Interview with Erin Energy Chairman Frank Ingriselli
Erin Energy: Oyo-9 to double company’s production by the end of 2017; subsequent exploration wells have potential to unlock a one billion barrel reserve opportunity
At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted …
Shell Ramps up African Offshore Drilling with 50 MBOPD Expansion; VAALCO’s North Tchibala 1-H Well Producing Offshore Gabon
Shell starts third phase offshore Nigeria in Bonga field
Royal Dutch Shell (ticker: RDSA) said today that it is starting the third phase of its Bonga field production offshore Nigeria. The third phase of the project will have a peak …
Offshore Rigs Moving out of the Gulf of Mexico
U.S. GOM share of global offshore rigs is falling
The number of active offshore rigs in the Gulf of Mexico (GOM) has been steadily declining since 2000, according to a release from the Energy Information Administration (EIA). Over the past …
Solar Market Slows Growth but Remains Healthy
Renewables continue growth
Renewable sources of energy continue to grow in importance both inside the U.S. and internationally. Solar energy makes up an important portion of the overall renewable energy mix, but the growth in total capacity has slowed along …
Strong Data Contributes to Oil Rebound, but will it Last?
Oil prices see the largest percent gain in six years
The U.S. crude oil benchmark West Texas Intermediate closed today 10.3% higher at $42.56 per barrel. In percentage terms, that is the largest gain seen in WTI prices in one …
VAALCO Energy Updates Operations Offshore Africa
VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil. VAALCO places high emphasis on international opportunities and holds acreage in Gabon, Angola and Equatorial Guinea in West …
CAMAC Energy Update: Additional Financing Secured, More Positive Analyst Reviews
CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The company is completing two separate wells in the Oyo Field and expects to …
ERHC Concludes Farmout Agreement in Kenya – Awaiting Government Approval
ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in …
ERHC Energy Exploring in the Right Neighborhood; Adjacent to Recent Ekales-1 Well Discovery
ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in …
Afren plc Discusses Kurdistan Acquisitions and Okoro Field Expansions; Delivers Record Production
Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further …
CAMAC Energy Dealing With Challenging Industry Rig Climate in Africa
CAMAC Energy Inc. (ticker: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, …
ERHC Energy Flying High in Kenya; Airborne FTC Survey Commencing
ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in …
African “Fray” Causing Down-tick in OPEC Production
The Organization of the Petroleum Exporting Countries (OPEC) crude output in June fell by 130,000 BOPD due to lower exports from Iraq and disruptions in Libya and Nigeria according to a recent survey published by Reuters. OPEC was founded in …
ERHC Energy Inc. Signs Letter of Intent to Farm-Out a Portion of Its Interest in Kenya Exploration Block
ERHC Energy Inc. (ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over eighteen months to two years, ERHC has acquired additional exploration blocks in Chad and Kenya to complement its existing offshore blocks …
CAMAC Energy Inc. Announces Year End and Fourth Quarter 2012 Results and Provides Operational Update
CAMAC Energy Inc. (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …
CAMAC Energy Inc: Exploring Proven Africa Basins
CAMAC Energy Inc (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …
ERHC Energy Inc. Raising Funds to Accelerate East Africa Exploration
ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last year, ERHC has acquired additional exploration blocks in Chad and Kenya to complement its existing offshore blocks in …
ERHC Energy Receives Shareholder Approval for Capital Raise to Fund African Exploration Initiatives
A recommendation to increase the number of any company’s authorized shares of common stock from 950 million shares to three billion shares would make anyone read the fine print.
Back in August, ERHC Energy Inc. (ERHE), a publicly traded American …
ERHC Building Capital Foundation for Future Exploration Potential
In an effort to increase capital availability and financial flexibility, ERHC Energy (OTCBB: ERHE) announced its Board of Directors approved resolutions amending the company’s Restated Articles of Incorporation to increase the number of authorized shares and to create or issue …
ERHC Diversifies African Exploration Assets; Adds 2.95 Million Acres in the Middle of Kenyan Activity
ERHC Energy Inc. (OTCBB: ERHE) is a publicly traded American company with oil and natural gas assets in Sub-Saharan Africa. The company is actively pursuing two offshore West Africa zones, the São Tomé and Príncipe Exclusive Economic Zone (EEZ) …
ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum
ERHC Energy Inc. (OTCBB: ERHE) updated shareholders on the company’s continued operations in Sub-Saharan Africa. The company is actively pursuing two offshore zones, the São Tomé and Príncipe Exclusive Economic Zone (EEZ) and the Joint Development Zone (JDZ), and has …
