Continental Focus, International Reach

Oilserv Forms JV with GEPetrol

Nigerian firm Oilserv Limited entered into a JV agreement with Equatorial Guinea’s state-run oil and gas firm GEPetrol. The agreement with  GEPetrol will aid Oilserv in expanding its footprint in the industry. The joint venture agreement resulted in the formation of Oilserv Equatorial Guinea. Chairman /Group CEO of Oilserv Group, Engr. Emeka Okwuosa said, “As […]

September 26, 2018 Read More

Cormorant-1 Drilled — Namibian Prospectivity Still a Mystery

Preliminary results for Tullow Oil’s Cormorant-1 exploration well drilled offshore Namibia on PEL-37 are in. According to Tullow, the well encountered hydrocarbons, however they were non-commercial and as a result the Cormorant-1 is being plugged and abandoned. The well was drilled to a total depth of 3,855 meters and penetrated the objectives of the Cormorant […]

September 25, 2018 Read More

Tower Seeks South African Farm Down

Tower Resources updated its farm out of its Algoa-Gamtoos license in South Africa. The company holds a 50% interest through its wholly owned subsidiary, Rift Petroleum, partnered with operator New Age Energy Algoa. New Age have appointed Envoi to conduct a farm-out process on behalf of both New Age and Rift to seek a partner […]

September 24, 2018 Read More