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CNPC Appeals for Chad to Reconsider

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Posted by admin 14 days ago (http://www.petroleumafrica.com)
In response to Chad’s claim against CNPC in a Paris arbitration court, the Chinese firm has appealed to the nation’s government to cancel the $1.2 billion suit. The suit filed by Chad revolves around environmental violations at CNPC’s oil operations in the country. In a statement to Reuters, the Chinese firm said that the oil […]

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Chad to Initiate Arbitration Against CNPC

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Posted by admin 15 days ago (http://www.petroleumafrica.com)
CNPC will find itself in a Paris arbitration court facing Chad if the African nation’s plans move forward. According to reports out of the country the government will initiate arbitration against the Chinese firm for $1.2 billion as compensation for breaking environmental laws.  The government decided to take CNPC to court after talks between the […]

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Chinook’s Tunisian Exit Speeds Up

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Posted by admin 15 days ago (http://www.petroleumafrica.com)
Chinook Energy saw the significant conditions and requisite approvals needed to close the sale of its Tunisian operations met; which led the company to speed up its exit timetable. The company originally slated December 1 as its estimated date of exit, now it says the transaction should close before the end of the month. The […]

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Mart and Partners Drill at UMU-4 Side-track

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Posted by admin 15 days ago (http://www.petroleumafrica.com)
Mart Resources, Inc. and its partners on the Umusadege field in Nigeria, Midwestern Oil and Gas Company Ltd. (operator of the field) and SunTrust Oil Company Ltd. saw a rig move to the UMU-4 well. The UMU-4 is being drilled as a horizontal side-track targeting the VII sand. After setting casing at the entry point, […]

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Egypt’s Military Delays Exploration Program

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Posted by admin 15 days ago (http://www.petroleumafrica.com)
pattern. The company in its Q2 report said that due to prolonged delays in receiving military approvals it has not provided any guidance for wells on the concession in 2014. The company is waiting for the military to give approval for exploration in the central part of the concession where the Boraq discovery lies. TransGlobe […]

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Petronas, Gabon ink deal for offshore block

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Posted by admin 14 days ago (http://feedproxy.google.com)
PETRONAS subsidiary, PETRONAS Carigali International E&P B.V. has signed a production sharing contract with the Republic of Gabon for block F14.

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MEO, Eni extend notice dates for NT/P68 license

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Posted by admin 14 days ago (http://feedproxy.google.com)
MEO Australia Ltd. has agreed with Eni Australia Ltd. to extend the notice dates under the NT/P68 farm-in agreement.

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Adding up the numbers

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Posted by admin 14 days ago (http://www.miningmx.com)
As Transnet Freight Rail starts delivering on the early phases of its coal line upgrades, questions remain over the economics of its most ambitious expansion plans.

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