Continental Focus, International Reach

NOC and Schlumberger Sign MoU

NOC, Libya’s state-run oil and gas firm, and Schlumberger signed an MoU aimed at establishing a specialized training and development center in Benghazi. The training center is part of NOC’s focus on “upskilling the next generation of oil sector workers.” The center will concentrate on professional excellence in exploration, drilling and petroleum engineering, and be […]

July 21, 2019 Read More

NSCO Sees Gas Flows in North Sinai

 Kuwaiti Holding Company subsidiary, NSCO Investments, completed the development of the first well in a North Sinai offshore natural gas concession. The company drilled the first well in the Kamos area at a depth of 1,698 meters at a cost of around $15 million. Production from the well began at a rate of 25 Mmcf/d, raising NSCO’s production […]

July 21, 2019 Read More

VAALCO Pays $4.5 Million in Angola Exit

VAALCO Energy, paid $4.5 million to the Angola National Agency of Petroleum, Gas, and Biofuels (ANPG). The payment falls under a previously announced Settlement Agreement executed earlier this year that finalized the termination of VAALCO’s rights, liabilities and outstanding obligations for Block 5/06 in Angola. The Settlement Agreement provided for a cash payment of $4.5 million from […]

July 21, 2019 Read More