The Nigerian National Petroleum Company Limited (NNPC Ltd.) and its Joint Venture partner in OML 85, First Exploration and Petroleum Development Company Limited (First E&P), have commenced oil production from the OML 85 asset, also known as Madu Field.  Production from the field which is located in shallow waters offshore Bayelsa State and operated by […]

Europa announced a ground-breaking deal in December 2023 with the acquisition of a 42.9% stake in Antler Global Limited (“Antler”), which has an 80% working interest in licence EG-08 offshore Equatorial Guinea. This gives rise to a joint venture arrangement (note 8) Europa agreed a US$3 million cash subscription for new ordinary shares in Antler, […]

SDX Energy has disclosed that it has commenced drilling the Beni Malek-2 well (BMK-2) in the Rharb Basin, Morocco, approximately 1.5km from the BMK-1 discovery well. The BMK-2 well will be drilled to a planned depth of approximately 1,470 metres and is targeting three stacked reservoirs in the Guebbas formation, which have been identified using 3D seismic. […]

The Government of Mozambique approved, at the 9th Ordinary Session of the Council of Ministers, held on March 26, 2024, the terms and conditions of the Concession Contracts for Research and Production of Hydrocarbons in Areas A6-E, A6-G, A6-D, S6-A and S6-B, awarded to the multinational China National Oil Corporation Hong Kong Holding Ltd (CNOOC) […]

Harvester Energy (UK) Ltd, a wholly owned subsidiary of Harvester Energy Pty Ltd, has been awarded two blocks in the North Sea with confirmed oil reserves ideally suited to the company’s patented small-field development system. Offshore Aberdeen in the Central North Sea, Block 29/7b contains the undeveloped Curlew A oil field and Block 22/12b contains […]

Uruguay’s offshore blocks went from zero to fully licensed in under three years, committing material work programs estimated at ~$233 million. Uruguay emerges as a new frontier in offshore energy, drawing renewed interest in oil and gas exploration amidst its long-term green hydrogen goals. With its offshore acreage receiving exploratory attention for the first time, […]

The Revolutionary Government of Zanzibar and Ministry of Blue Economy and Fisheries has this day on the 20th March, successfully launched Zanzibar’s 1st Licensing Round, which invites bids for 8 blocks totalling 31,883 km². His Excellency, the President of Zanzibar and the Chairman of Revolutionary Council Dr. Hussein Ali Mwinyi, officially opened the Licensing Round with […]

The Bangladesh Oil, Gas and Mineral Corporation (Petrobangla) has kicked off the 2024 Bangladesh Offshore Bid Round. It is the first bid round since 2012 to offer offshore acreage, comprising fifteen deep water and nine shallow water blocks. TGS, a leading provider of energy data and intelligence, in partnership with SLB and Petrobangla, has acquired […]

Eco (Atlantic) Oil & Gas the oil and gas exploration company focused on the offshore Atlantic Margins in South Africa, Namibia, and Guyana, is pleased to announce it has signed a Farm out Agreement (FOA) pursuant to which Azinam Limited its wholly owned subsidiary, will farm out a 13.75% Participating Interest in Block 3B/4B,offshore the Republic of South Africa as part of an aggregate […]

Staatsolie Hydrocarbon Institute N.V. (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., is pleased to announce a round of competitive bidding for eleven new blocks offshore Suriname. The blocks are located in the nearshore to shallow offshore areas, in water depths up to 150 meters, located south of the deepwater discoveries and north […]