Politics, bribery charges swirl around Uganda oil
Uganda, which has confirmed oil deposits of about 3.5 billion barrels, wants to extract at least 1.2 billion barrels over the next three decades. That figure could rise when more oil blocks are put up for exploration later this year, potentially making Uganda one of Africa’s top oil producers. More »
Protesters close Libyan oil terminal, halt exports
A Libyan oil ministry official says protesters have forced the closure of an oil terminal in the east of the country for the second time in six months, disrupting exports. More »
Total touts its Pazflor offshore project in Angola
At an OTC luncheon, a vice president of Total detailed some of the complex technology in the French oil company’s offshore Pazflor project in Angola. More »
Total’s Pazflor field wins OTC achievement award
Nearly two years into production, Total’s Pazflor field offshore Angola is exceeding expectations on all fronts. More »
OTC will embrace broad perspective on innovation, chairman says
Gamal Hassan, chairman of the 2013 Offshore Technology Conference, says the mega-event will turn more attention to national oil companies than in previous years, with a broad focus on geography and technology. More »
Anadarko discovers more offshore natural gas in Mozambique
Anadarko Petroleum has announced another gas discovery in offshore Mozambique. More »
Parker drilling settles US bribery probes for $16 Million
Parker Drilling Co., a Houston- based oil services company, agreed to pay $15.9 million to settle U.S. allegations it tried to bribe a Nigerian government panel to reduce fines for violating the country’s customs laws. More »
Ethiopian oil plays could contain billions of barrels, but challenges abound
A study indicates that two new basins in Ethiopia could contain more than two billion barrels of oil. But getting at that oil wealth means overcoming colossal hurdles. Ethiopia has no pipelines and major investors are scarce. More »
Ethiopian oil plays could hold billions of barrels, but challenges abound
A study indicates that two new basins in Ethiopia could contain more than two billion barrels of oil. But getting at that oil wealth means overcoming colossal hurdles. Ethiopia has no pipelines and major investors are scarce. More »
Houston firms benefit as West Africa deep water heats up
West Africa deepwater drilling activity is on the rise and Houston offshore equipment companies are happy beneficiaries, judging from multi-million dollar orders for services equipment that came through this week. More »
Algeria’s security forces to protect energy plants
An Algerian official says that the country’s security forces will take over the job of securing the country’s oil and gas facilities, instead of private companies, following a massive terrorist attack in January. More »
‘Afro-optimists’ consider challenges of developing Africa’s resources
With most of Africa’s 54 countries pursuing oil and gas development, the real question isn’t whether energy will be part of the continent’s future but when and how. More »
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