Nigerian energy firm Oando announced Wednesday a “significant” gas and condensate discovery onshore Niger Delta, Kallanish Energy reports.
The Obiafu-41 Deep Well reached a depth of 14,350 feet encountering an accumulation of 426 feet of high-quality hydrocarbon-bearing sands.
U.S. oil supermajor ExxonMobil (Xom) has hired investment bank Jefferies to sell the stakes it holds in gas and oilfields off the Norwegian coast, which could fetch up to $4 billion, sources told Reuters.
State-owned oil firm Qatar Petroleum announced Tuesday the acquisition of interests in three blocks in offshore Kenya, Kallanish Energy reports.
The L11A, L11B and L12 blocks are located in the Lamu Basin, in the eastern part of the country, covering 5,790 square miles in water depths between 3,280 feet and 9,840 feet in the Indian Ocean.
Pakistan and its partners have ended offshore drilling after no usable oil or natural gas was found in the Arabian Sea, Kallanish Energy reports
The announcement came Sunday from the Pakistan ministry of petroleum and was seen as a major setback for the country, the Associated Press reported.