Cloudbreak Discovery has entered into a Mineral Application Cooperation Agreement (MACA) with Gondwana Petroleum Namibia, Timeworn Investments, Pioneer Oil and Gas Consulting and a Swiss Based Asset Manager (SBAM)
Exploration
‘Global energy spending set to reach record high in 2022, led by oil and gas’
Surging oil, gas and power prices together with the European Union (EU)’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to US$2.1 trillion, according to Rystad Energy
Eni, Total and Equinor submit proposals for third bidding round in Angola
Eni Angola, TotalEnergies and Equinor have submitted bids for Blocks 31/21 and 16/21 in the Lower Congo Basin, respectively
Driving deep at the heart of Africa
The latest issue of Oil Review Africa digital magazine has analysed Africa which has managed to position itself as one of the world’s most competitive hydrocarbon markets, with countries such as Nigeria, Uganda, Kenya and Tanzania leading oil and gas pipeline projects
Saipem wins offshore drilling contracts in West Africa and Middle East
Saipem has been awarded new contracts in offshore drilling in the Middle East and in West Africa for a total amount of more than US$400mn