Rystad Energy has ranked the cheapest sources of supply in the oil industry, with North American tight oil emerging as the second cheapest source of new oil volumes globally, according to Rystad Energy’s cost of supply curve update
Exploration
‘Petroleum deal between South Sudan, South Africa is a boost to oil industry’
The signing of new exploration and production sharing agreement (EPSA) between South Sudan and South Africa’s Strategic Fuel Fund (SFF) is a boost to the oil sector and promotes peace and stability within the country, according to the African Energy Chamber (AEC)
South Africa signs E&P deal with South Sudan
South Africa has signed an exploration and production sharing agreement (EPSA) with South Sudan for Block B2
ExxonMobil to acquire more exploration acreage offshore Namibia
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)
‘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
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