Posts filtered on Category
Algeria’s energy minister said the state oil company, Sonatrach, will rely on unconventional techniques to extract 50 percent of the reserves, including hydraulic fracturing, also known as fracking.
The country published proposed regulations for hydraulic fracturing on Oct. 15, a year after lifting a ban on the drilling process known as fracking, as it seeks to tap as much as 485 trillion cubic feet of resources in the semi-arid Karoo region.
South Africa’s plans to exploit shale-gas reserves are “indefensible” and will lead to a legal battle, an environmental group said after the government published draft regulations on drilling in the Karoo region.
The Houston energy services company has been operating in Ghana since 2008 and recently completed the assembly and testing of the first Ghanaian-built subsea trees at its support base in Takoradi.
The French engineering company Technip is developing specialized equipment for tapping complex plays in sub-Saharan Africa, as political instability makes it more difficult to work in the historically lucrative regions of North Africa and the Middle East.
Angola, Africa’s largest oil producer after Nigeria, is imposing a consumption tax on petroleum companies that will raise some costs by as much as 10 percent, according to government documents.
Shell Nigeria says new leaks have forced it to close the Trans-Niger Pipeline that carries 150,000 barrels of crude daily, 10 days after the pipeline was reopened following repairs for leaks.
Apache CEO Steve Farris in March said the company began to streamline operations.
North Africa may be “the next big opportunity” after North America for oil and gas production from shale, if drilling costs can be reduced, said Repsol (REP) SA Geological Studies Director Eduardo Negri.
Crude oil stolen from Nigeria is reaching global markets, threatening the integrity of the financial system and legitimate oil trade, according to a report by Chatham House.