One E&P firm has said that regulations put in to place by Angolan authorities over the past few years is costing its petroleum sector. According to Jean-Michel Lavergne, Total E&P Angola’s general manager, the measures enacted by the government has pushed production costs up as much as $500 million a year. Lavergne, while speaking to […]

Algeria is looking to increase its natural gas output by 13% over the next four years, according to the Ministry of Mines and Energy. The Ministry, in its in-house magazine Algeria Energy, said that investment in the sector aimed at increasing gas output should hit an estimated $40 billion. “Natural gas production will increase by […]

Panoro Energy saw drilling at the Aje-5 site on OML 113 reach its targeted depth of 3,233 meters. The well, drilled by the Saipem Scarabeo 3, was a deviated well targeting close to the Aje-2 well subsurface location. The Aje-5 well intersected 72 meters (true vertical measurement) of gross hydrocarbon-bearing Turonian sandstone. The reservoir has […]