Oil
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Energy Resources
Total Makes Second Gas Condensate Offshore South Africa
Total SE and its partners made a second gas-condensate find off the southern coast of South Africa, a country that imports most of its oil. The “significant” discovery of gas condensate — a light liquid hydrocarbon — comes after Total said last year it had opened up a new “world-class” oil and gas province off South Africa. The drilling program is a rare…
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Energy Resources
Tullow Oil Gets Approved for the Sale of $575 Million Oil Stake In Uganda
Tullow Oil Plc received approval from the Ugandan government for the sale of a $575 million stake in an oil project to Total SE, sending the shares as much as 40% higher. The beleaguered explorer has been waiting since 2017 to close its divestment in the Lake Albert Development Project, an effort repeatedly stymied by tax disagreements. As it sought…
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Energy Resources
Libya’s Crude Oil Production Set for 1 Million Barrels A Day
Libya’s crude oil production will rise above 1 million barrels a day in the next four weeks after the nation reopened the last of its oil ports, according to the state energy firm. The National Oil Corp. said it has lifted force majeure — a clause in contracts allowing deliveries to be suspended — at the eastern ports of Es…
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Energy Resources
Oil Fields And List Of Oil Fields In Africa – Natural Resources Africa
[dropcao]In the entire globe there are more than 65,000 Oil fields, both onshore and offshore, the largest ones being the Ghawar Field in Saudi Arabia and the Burgan Field in Kuwait. Oil fields also represent the entire Petroleum Industry; however, in order to categorize the Oilfield work more accurately, the petroleum industry is categorized broadly into three categories, i.e., Upstream…
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