Energy firm ExxonMobil has announced that it will increase its exploration acreage in Namibia with the addition of approximately seven million net acres (28,000 sq km)
Exploration
‘South Sudan is open for exploration’
South Sudan inherited 75 per cent of proven oil reserves from Sudan at the time of independence in 2011, making it the third largest oil reserve in sub-Saharan Africa
Morocco awards operatorship of Lixus offshore licence to Chariot
UK-based Chariot Oil & Gas Limited has won a 75 per cent interest and operatorship of the Lixus offshore licence in Morocco
Global oil and gas discoveries on the rise: Rystad Energy
Oil and gas exploration is off to a flying start in 2019, with majors taking a bigger role of the conventional resources discovered in the first quarter, according to Rystad Energy
E&P free cash flows soar to record-levels: Rystad Energy
The world’s publicly listed oil and gas companies saw their free cash flow (FCF) for public exploration and production (E&P) companies soared to almost US$300bn last year and 2019 could turn out to be another blockbuster year, according to an analysis by Rystad Energy