Tullow strikes black gold in Uganda's Block 2

TULLOW ANNOUNCED THAT the Kigogole-3 exploration well, which is located in the Butiaba region of Uganda Block 2, has encountered over 20 m of net oil pay in two separate zones.
Located approximately one km from the crest of the structure, the well was drilled to a total depth of 575 m and has been successfully logged and sampled.

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ARKeX and Sonatrach form long term partnership

ON 5TH May, ARKeX signed a long term agreement in Algiers with Sonatrach, the state oil company of Algeria, in the presence of Monsieur Chakib Khelil, the Minister of Energy and Mines.

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Heritage Oil and Genel agree $6bn merger

UK-BASED OIL explorer Heritage Oil agreed to merge with Genel Energy International, a unit of Turkey's Cukurova Group CUKRO.UL, to create an oil producer focused on Iraqi Kurdistan worth around US$5.5bn.

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FAR, Shell to explore offshore Senegal

Exploring for oilFIRST AUSTRALIAN RESOURCES (FAR) and Shell Exploration Company have agreed to conduct an exploration program in the Sangomar Offshore, Rufisque Offshore and Sangomar deep Offshore Blocks off the coast of Senegal.

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M&P hits Gabon oil as profits soar

MAUREL & PROM HAS announced a fresh oil discovery in Gabon as it posted surging 2008 profits and reaffirmed plans to buy up assets made cheaper by a sharp drop in oil prices. "We are looking at farm ins, or partnerships in another company's oilfield,” chairman Jean-Francois Henin.

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