Oil Exploration Archives

SHALOM MINING APPLIED TO EXPLORE OIL AT ZIMBABWE WORLD HERITAGE SITE

Posted on May 11, 2023 by Gambeta News

One of Africa’s premier wildlife areas has been targeted for oil exploration. Shalom Mining has applied to explore oil and gas in Mana Pools, which has been designated as a World Heritage Site by the United Nations Educational, Scientific and Cultural Organization, according to a notice in the Zimbabwean Government Gazette. Mana Pools lies on the southern bank of the Zambezi River that serves as the border between Zimbabwe and Zambia. The river braids across…

HOW SOMALILAND OIL FINDING COULD RESET REGIONAL BALANCE

Posted on January 30, 2023 by Gambeta News

The presence of oil in Somaliland has been confirmed by a recent exploration. The discovery has raised the stakes in Somaliland’s claim for independence from Somalia as it holds the potential for a new stream of revenue for the semi-autonomous state. But the oil exploration is deepening the rift with Somalia, which claims sovereignty over the region. Michael Walls answers five key questions. What is Somaliland’s hydrocarbon potential? In 2020, Norwegian seismic survey company, TGS, estimated that the…

SOMALIA REJECT OIL PERMISSION CLAIM FROM SOMALILAND

Posted on December 30, 2022 by Gambeta News

Somalia rejected on Wednesday what it called an “illegal claim” by Genel Energy (GENL.L) to oil exploration and exploitation rights in the country’s northern breakaway region of Somaliland, the country’s oil ministry said. Somaliland claimed independence from Somalia in 1991 and has been largely peaceful while the rest of the country has grappled with three decades of civil war, but its leadership has failed to gain widespread international recognition. In a statement, Somalia’s oil ministry said it…

GAMBIA SIGNS OIL EXPLORATION DEAL WITH BP Plc

Posted on May 3, 2019May 3, 2019 by Gambeta News

Gambia gives license of disputed A1 offshore block to BP Plc Amidst dispute for the A1 offshore block in Gambia; the Gambian government recently announced the signing of an oil exploration deal with BP Plc. BP Plc is a British multinational oil and gas company with operations in 70 countries worldwide. It boasts of producing around 3.6 million oil barrels per day and have total reserves of 18.441 billion barrels. It is also among the…

TANZANIAN TEAM UP WITH UGANDAN IN OIL EXPLORATION

Posted on April 17, 2019 by Gambeta News

Tanzanian And Ugandan Collaborate in Oil Exploration Tanzanian Energy Minister, Dr Medard Kalemani said Tanzania have teamed up with Ugandan to conduct oil exploration at various areas in Tanzania. The Minister said this at a recent workshop for the parliamentary committee on energy and minerals members. He also said that the ministry have set up a joint team to carry out the oil explorations. This joint team will enable experts from Tanzania borrow experience from their…

EGYPT ANNOUNCES WINNERS OF US$800M OIL AND GAS EXPLORATION TENDERS

Posted on February 13, 2019February 13, 2019 by Gambeta News

Minister of Petroleum Announces winners of Both EGAS and EGPC oil and gas exploration tenders in Egypt. Egypt’s Petroleum Minister has announced the result of the oil and gas exploration tenders. These oil and gas exploration tenders were for digging the Egyptian Natural Gas Holding Company (EGAS) and The Egyptian General Petroleum Corporation (EGPC) wells. The total limit of private investment owned by EGAS is worth US$600m while that of EGPC is US$164m. Including grants, the…

EXXON MOBIL TO BEGIN OIL EXPLORATION IN GHANA

Posted on November 2, 2018November 2, 2018 by Gambeta News

Exxon Mobil set to begin Oil exploration in Ghana. Exxon Mobil, the world’s fourth largest oil company is ready to begin full-scale exploration for oil in Ghana. The base for the exploration is the West Cape Three Points in the Western Region; near Ivory Coast. The Global Oil giant has also selected Ghana Oil Company Limited (GOIL) to be its local partner. This is to ensure the accordance of the country’s local content laws. The activities…