focusIR’s Post

🌍 Exploration Opportunities in Equatorial Guinea Rosgeologia has shown interest in exploring hydrocarbon reserves on the shelf of Equatorial Guinea, alongside solid minerals on the mainland. While no decision has been made yet, the company’s successful 2020 survey set a positive foundation. 🤝 Local authorities are also in talks with Russian energy giants NOVATEK and LUKOIL, with negotiations set to continue in November. LUKOIL had previously eyed the EG-27 block, estimated to hold 104 billion cubic meters of gas, and proposed a floating LNG plant, though terms weren’t reached. 💡 #oilgas #energyexploration #oilandgas #drilling #equatorialguinea

Signs Letter Agreement to acquire shares in Reconnaissance Energy Africa and 20% interest in onshore exploration license PEL 73 in Namibia - BW Group: Signs Letter Agreement to acquire shares in Reconnaissance Energy Africa and 20% interest in onshore exploration license PEL 73 in Namibia  BW Group

LLOG encountered #hydrocarbons in a Who Dat East exploration-appraisal well in #GulfofMexico, said partner Karoon Energy. Once drilling is complete, the well will be suspended as a potential future producer, pending results of further analysis. Read more about the find and testing plans from Alex Procyk for #OGJ here: https://bit.ly/4evRq6K #OGJ

Liberia is set to advance its emerging oil and gas industry by inviting investors and established E&P companies to explore its extensive offshore territories. The National Oil Company of Liberia's (NOCAL) recent partnership with TGS to reprocess multi-client seismic data offshore Liberia aims to update 2D and 3D seismic data in the Liberia and Harper basins. With the first phase complete and data available for industry licensing, Liberia's proactive exploration efforts are attracting major players like ExxonMobil, which has shown interest in four exploration blocks.   Barasa Atieno Changhee Choi Mark Davies Alexia Tata Ikechukwu Promise Obialor Petlong Dakhling Dakim Dung Follow The African Energy Council for more energy news #Liberia #Aecouncil #OilAndGas #EnergyExploration #SeismicData #EnergyInvestment #SustainableGrowth #RenewableEnergy #OffshoreExploration #ExxonMobil #EnergyAccess #CleanEnergy #EnergySector 

The 20-year natural gas deal between Venezuela, BP, and Trinidad and Tobago's NGC is a significant economic boost for both countries. It enhances energy security, promotes regional cooperation, and could support cleaner energy transition. Success depends on effective implementation and management of environmental and geopolitical factors. fYi…

Brazil will see plenty of oil and gas exploration in the coming years, predicts Marcelo De Assis, director of upstream research at Wood Mackenzie. Among the highlights are the offshore Santos and Campos basins, as well as the Equatorial Margin and onshore areas operated by independent companies. In this interview with BNamericas, the analyst also gave an overview of other South American countries. #exploration #drilling #offshore #onshore #oil #oilandgas https://lnkd.in/dMz6P6J8

Europa Oil & Gas (Holdings) Plc (AIM:EOG) chief executive William Holland discusses the company's significant increase in exploration potential offshore Equatorial Guinea with Proactive's Stephen Gunnion. Holland shared, "We've increased our prospective resources by 50% and now have a gross mean prospective resource of over 2 TCF of gas." This update follows a detailed analysis of seismic data and an old well on the block, leading to better-defined prospects and reduced risks, particularly for the Barracuda prospect. Watch at #Proactive #ProactiveInvestors http://ow.ly/CzM6105BHly

🚀 Betting Big on Guyana’s Corentyne Block! 🌊💡 CGX Energy Inc. and Frontera Energy Corporation are making waves in offshore Guyana with their recent Wei-1 discovery in the Corentyne block. 🌍🔍 The joint venture partners have submitted a Notice of Potential Commercial Interest for Wei-1 to the Government of Guyana, securing their stake in the Petroleum Prospecting License for the Corentyne block. This move comes after the successful drilling of the Wei-1 well in 2023, fulfilling obligations under Phase Two of the Second Renewal Period of the original 10-year License. 🎯🛢️ The Wei-1 well serves as an appraisal for the Kawa-1 Appraisal Program, a critical step in unlocking the block's potential. Regular, constructive conversations between the joint venture and the Government of Guyana are ongoing, focusing on conditions for further activities in the Corentyne block. 🤝🗣️ CGX and Frontera, with the support of investment bank and capital markets experts Houlihan Lokey, are actively pursuing strategic options to maximize the potential of the Corentyne block. 💼💡 CGX, a Canadian oil and gas exploration company, is focused on the Guyana-Suriname basin and developing a deep-water port in Berbice, Guyana. Meanwhile, Frontera Energy, also Canadian, has a diversified portfolio across South America, with interests in 24 exploration and production blocks in Colombia, Ecuador, and Guyana. 🌎🚢 This discovery could be a game-changer for the region. What do you think about this bold move by CGX and Frontera? Let's chat! 💬👇 #OilAndGas #Guyana #Wei1Discovery #CGXEnergy #FronteraEnergy #Exploration #EnergySector #Investment #Innovation

🌍 Exciting News from the Energy Sector! 🛢️ I’m thrilled to share that Chevron has entered into a significant development agreement with Namibia’s national oil company, NAMCOR. This partnership marks a major milestone as Chevron takes an 80% operating working interest in an offshore block within Namibia’s promising Walvis basin. 🔍 This move not only underscores the potential of Namibia as a new oil and gas frontier but also highlights the growing global interest in the region’s capacity. With recent discoveries being among the largest this century, the stakes are high and the opportunities vast. 🌐 Additionally, Chevron continues to expand its presence, being also the operator in another strategic block in the prolific Orange basin. Plans are set to drill an exploration well later this year, which promises to further solidify our understanding and expectations from these exciting ventures. 🤝 This partnership is poised to significantly contribute to Namibia’s goal of initiating oil and gas production by 2030. It’s a testament to the fruitful collaboration between major industry players and local entities aiming to boost the country’s energy sector and economic landscape. 💡 As we move forward, this collaboration not only reflects our commitment to exploring new territories but also our trust in the potential that lies within Namibia’s shores. #EnergySector #OilAndGas #Innovation #Chevron #Namibia #Exploration #RenewableEnergy #SustainableDevelopment

Greeks and Exxon continue to search for gas off the coast of Crete. After conducting 2D seismic, the companies will begin 3D gas exploration in the region. A consortium of ExxonMobil and Greek Hellenic Energy is moving on to the second stage of seismic exploration for gas off the island of Crete. In the first stage, the group, which includes it, collected a total of 7.8 thousand km of 2D seismic data in the "Southwest" block off the coast of Crete, compared to the required minimum of 3.3 thousand km needed to continue the project. Now the alliance will begin 3D exploration, which will take three years and will allow a final decision on exploratory drilling. Greece is actively increasing the use of renewable energy sources in the country and views gas as a "transitional" fuel to "green" energy sources. The country has historically produced little oil and has renewed efforts to explore its hydrocarbon potential after the European energy crisis of 2022. https://lnkd.in/gqikJnbH #butov #oilgasmarket #oilgasworld #innovation #management #humanresources #technology #digitalmarketing #entrepreneurship #careers #socialmedia #socialnetworking #futurism #startups #branding #advertisingandmarketing #creativity #marketing #sales #motivation #energy #money #sustainability #productivity #gettingthingsdone #leadership #education #strategy #business #europe #mindfulness #inspiration #engineering #africa #india #europeanunion #china #smallbusiness #success #production #oilandgas #collaboration #contentmarketing #research #globaltrade #onlineadvertising #dubai #kenya #abudhabi #socialmediamarketing #manufacturing #climatechange #oilandgas #work #oilgas #science #logistics #hydrocarbons #shipping #growth #uae #marketresearch #oil #oilindustry #oilandgasindustry #agriculture #designer #oilfield #oilindustry #petroleum #trading #gas #chemistry #chemical #petrochemical #agro #refinery #import #export #industrial #agribusiness #quality