Vale Media Group (VMG), the African Oil & Energy B2B events company, announced today that our partners, The Gambia National Petroleum Corporation, GNPC, has actioned the official invitations to the CEOs & Managing Directors from the National Oil Company community from across West Africa, ahead of the highly anticipated 6th edition of the popular Upstream West Africa Summit 2020, marking the 1st international Upstream Oil & Gas event in The Gambia, which is taking place next June 17th-18th 2020 in…

CNOOC West Africa Petroleum has signed an agreement to acquire a 55.55% participating interest in the Sinapa and Esperanca petroleum licences located offshore Guinea-Bissau from Svenska Petroleum Exploration. Svenska’s wholly-owned subsidiary SPE Guinea Bissau operates Block 2, the Sinapa Licence, and Blocks 4A & 5A, the Esperança Licence. FAR and Empresa Nacional de Pesquisa e Exploração Petrolíferas are the other co-venturers in these licences. Following the transfer of interest, FAR will retain its 21.42% participating interest in each of the…

Source: Reuters Senegal has delayed the launch of an oil and gas licensing round due on Wednesday until Nov. 4 as contract documents still need to be finalised, oil minister Mahamadou Makhtar Cisse said. “We need to ensure the legal framework for investors,” he told Reuters on the sidelines of an oil and power conference in Cape Town. Senegal’s ambitions to become a major oil and gas producer have been overshadowed by allegations President Macky Sall’s brother was involved in…

TGS has announced that it has fired first shot to commence a new survey in the MSGBC Basin, offshore north-west Africa. The Senegal Ultra-Deep offshore 3D survey covers over 4500km2, with a modern broadband acquisition set-up. It is being undertaken in partnership with GeoPartners – using the vessel, BGP Prospector – and has the full support of the national oil company, Petrosen.  This standalone survey borders Jaan, TGS’ 3D dataset covering the southern portion of the MSGBC Basin. The survey…

U.S. oil and gas exploration company Kosmos Energy on Tuesday confirmed a major gas find offshore Senegal. “The Yakaar-2 appraisal well has encountered approximately 30 meters of net gas pay in a similar high-quality Cenomanian reservoir to the Yakaar-1 exploration well, continuing the 100% success rate of wells targeting the inboard Mauritania and Senegal gas trend,” the company said on its website. Yakaar-2 was drilled approximately nine kilometers from Yakaar-1 and had proven the company’s estimates of the gas field’s…

Baker Hughes rolled out its new look Tuesday to mark its independence after more than two years of majority ownership by the industrial conglomerate General Electric Co. The Houston oilfield service company is dropping the GE logo and exchanging its former blue letters for dark green ones. Two arrows merged into a geometrical shape known as a mobius represent the July 2017 merger of Baker Hughes and GE Oil & Gas into a single company that earned $22.8 billion of…

Source: Proactive Investors The Blocks A2 and A5 areas, covering 2,682 square kilometres, are adjacent to and on-trend with FAR’s world-class SNE oil field discovery which is moving toward development and first oil in 2022. FAR Ltd (ASX:FAR) has acquired an additional 10% interest in the highly prospective offshore Blocks A2 and A5 offshore The Republic of The Gambia, giving FAR a 50% working interest and operatorship. The government of The Gambia has issued new licences to the joint venture in…

The JOA was reviewed and negotiated by a GNPC negotiation team with assistance from the Petroleum Negotiation Committee, Africa Legal Support facility, International Law Firm BCLP and Senghore Law Firm. We wish to congratulate the Negotiation team under the stewardship of Managing Director Yaya F. Barrow and the coordination of Latirr Carr and Dr. Muhammed Lamin Sanyang for this historic achievement. In partnership with GNPC, BP Exploration (Gambia) Ltd will start work in earnest to explore the potentials of offshore…

The MoU covers a comprehensive programme for both parties to engage in, from pre-event planning, PR & marketing, establishing a USWA content committee to allow engagement with key stakeholders from the International Upstream Oil & Gas community, through to onsite event execution and post event follow up, to ensure the 6th Annual Upstream West Africa summit is delivered to the highest standards. The Gambia National Petroleum Company (GNPC) announced today that it has signed a Memorandum of Understanding (MOU) with Vale…

After years of budget cuts, oil and gas companies are finally stepping up their exploration game and several wildcat wells planned for 2019 have the potential to be “elephant” finds, according to Norwegian oil and gas intelligence firm Rystad Energy. Rystad said on Tuesday that improved market conditions and lower well costs led E&P players to ramp up their 2019 exploration activities in all parts of the world, driven in particular by rising investments in South America and Africa. Rystad…