Exploration

Successful test of discovery well

HESS CORPORATION'S FULLY-owned subsidiary, Hess Libya Exploration Ltd, has carried out a successful test of its discovery well A1-54/01 offshore Libya in the Mediterranean Sea.

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Deepwater Pathfinder wraps up drilling at Oki East well

ERHC ENERGY HAS confirmed that Addax Petroleum, the operator of Nigeria-São Tomé & Principe Joint Development Zone (JDZ) Block 4, has finished drilling the Oki East well.

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Kosmos clinched $1bn for Jubilee

KOSMOS ENERGY’S 2009 capital raise exceeded US$1bn. The amount includes US$825mn in project finance debt facilities committed by international financial and banking institutions, including US$75mn committed by Credit Suisse International in late 2009 and US$750mn secured in July 2009.

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No change announced in booming Luanda

Luanda_PanoramaAT THE SPECIAL meeting of OPEC energy ministers on 22 December it was decided to make no change in crude oil production quotas, given the precarious state of economic recovery around the world.

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Flat end to a hopeful year


LAST YEAR’S RECOVERY in the global energy industries’ capital spend stalled in the October-December period says the UK-based trade association representing suppliers of both goods and services to this combined sector overall.

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