Brazil-West African connection sparks subsalt oil search

Over the past four decades, the operations now owned by Chevron Corp. in Angola's Cabinda province have crept from just offshore to 80 km out to sea. But as it drills further out and deeper down, the company is looking to a model 5,000 km across the Atlantic Ocean to the coast of South America for guidance.

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Aegean takes control of Egyptian offshore license

AEGEAN ENERGY HAS acquired 100% of the East Magawish block concession in the Gulf of Suez from Thani Egypt East Magawish.

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Dana planning further wells in Gulf of Suez

UK INDEPENDANT DANA Petroleum plans to drill an exploration well this year in the South October concession in the eastern Gulf of Suez offshore Egypt.

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Enel pairs with Egypt on exploration

Enel and Egypt's Ministry of Petroleum signed a memorandum of understanding on oil and gas exploration in Egypt where Italy's biggest utility aims to boost resource supplies.

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Sinopec steps into overseas upstream segment

SINOPEC HAS INKED a deal to acquire a stake in Block 18, in Angola, from its parachute company, China Petrochemical Corporation.

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