The Ministry of Petroleum and Mineral Resources (MoPMR) has launched a new round of investment opportunities, offering seven undeveloped fields in the Mediterranean Sea and six exploration areas in the Gulf of Suez and the Western Desert. This initiative is part of the ministry’s ongoing strategy to boost crude oil and gas production, leveraging the […]

The leadership of Heritage Energy & Oil Services Limited and its joint venture partners recently visited the Executive Secretary of Nigerian Content Development and Monitoring Board (NCDMB), Engr. Felix Omatsola Ogbe, and received assurances of support for their operations on oil mining lease (OML) 30. The meeting held at NCDMB’s Lagos liaison office, and the […]

The Nigerian National Petroleum Company Limited (NNPC Limited) and FIRST Exploration & Petroleum Development Company Limited (FIRST E&P) Joint Venture (JV) have confirmed a significant hydrocarbon discovery in the Songhai Field, located in OML 85 in the shallow offshore region of Bayelsa. The well was spudded on November 18, 2024, as part of efforts to […]

Egypt’s latest licensing round and increased production efforts position the country as a key energy player in Africa, with African Energy Week: Invest in African Energies 2025 serving as a pivotal platform for global investors to explore new opportunities Egypt’s energy sector is experiencing a new wave of optimism as the country steps up efforts […]

The National Agency for Oil, Gas and Biofuels and Azule Energy signed the Risk Service Contracts (RSCs) for offshore Blocks 46 and 47 in partnership with Equinor and Sonangol and for Block 18/15 in partnership with Sonangol P&P. The RSCs, resulting from direct negotiations, represent another positive development for exploration activities in Angola’s Lower Congo […]

Nigeria’s premier petroleum regulatory body, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has announced plans for the 2025 licensing round, aimed at unlocking the potential of fallow assets. The announcement was made at the 2024 Commercial Bid Conference, held at Eko Hotel & Suites in Lagos. The Commission’s Chief Executive, Engr. Gbenga Komolafe, emphasized NUPRC’s […]

Africa Oil Corp. has announced that its investee company Impact Oil & Gas Limited has completed the farm down of its interests in Blocks 2912 and 2913B offshore Namibia to TotalEnergies EP Namibia B.V. Impact has also received a cash payment of approximately USD 99 million, as reimbursement for its share of costs incurred on the […]

Panoro Energy has announced that the C-45 infill well has successfully been put onstream by the Block G operator, Trident Energy, at an initial gross rate over 5,000 bopd on a restricted choke, in line with expectations. The well is the first of two planned infill wells at the producing Ceiba Field and Okume Complex […]

Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed Petroleum Mining Lease 52 (PML 52), containing the Agbami field, for a period of 20 years effective from November 24, 2024. The disclosure was made by Africa Oil as following its recent press release. The Nigerian Upstream Petroleum Regulatory Commission has also given clearance for the amalgamation […]

As part of its growth strategy, Etu Energias, SA has concluded its agreement with GALP for the indirect acquisition of a 5% stake in Block 32 and 9% in Block 14, 4.5% in Block 14K in offshore Angola.The conclusion of this deal represents the materialization of the purchase and sale agreement between the subsidiaries of […]