As the oil prices, and especially WTI, rose on Thursday as a result of the promised Saudi production cuts, falling crude inventories and political turmoil in the USA, Rystad Energy’s head of oil markets Bjornar Tonhaugen has analysed the scenario
Exploration
Total enters an operated exploration permit in North Africa
An international consortium led by Total and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea
Botswana and ReconAfrica amend exploration license
Republic of Botswana and Reconnaissance Energy Africa (ReconAfrica) amend exploration license to exclude entire Tsodilo Hills Area
VAALCO Energy to acquire Sasol Gabon SA’s working interest in Etame field
VAALCO Energy Inc has announced that it will now move forward with acquiring Sasol Gabon SA’s entire working interest in the Etame Marin block offshore Gabon
United Oil & Gas announces spudding of the ASH-3 development well in Egypt
United Oil & Gas PLC, the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, has announced the spudding of the ASH-3 well in the Abu Sennan Licence, Egypt
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