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Continental News

Lagos Free Zone To Embrace Nigeria Decade Of Gas Initiative, Signs Pact With Consortium Of Gas Firm

A consortium of three exploration and production companies; Falcon Corporation, ND Western Midstream Limited & FHN Gas Limited, has  recently in Lagos, Nigeria signed a Natural Gas distribution infrastructure network contract with the Lagos Free Zone (LFZ). The gas supply agreement is worth $25 million and the contract term is to develop, own and operate […]

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Eni And SONATRACH To Optimize Gas And Green Hydrogen Production In Angola

The Chairman of SONATRACH, Toufik Hakkar, and Eni CEO, Claudio Descalzi, signed today a Memorandum of Understanding (MoU) in Rome aimed at accelerating the development of gas fields in Algeria and decarbonisation via green hydrogen. The signing ceremony was witnessed by the President of the People’s Democratic Republic of Algeria Abdelmadjid Tebboune and the Italian […]

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SDX Energy Drills MA-1X Exploration Well South Disouq, Egypt

SDX Energy  has announced the spudding of the MA-1X exploration well (SDX WI 67%), targeting the Mohsen prospect in the Exploration Extension Area of South Disouq. MA-1X spudded on 21 May 2022 and is expected to reach TD in approximately three weeks. The primary target is the basal Kafr El Sheikh sand at around 5,730 ft TVDSS. […]

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Baker Hughes Completes Well Services Contract With Invictus Energy In Zimbabwe

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa project in Zimbabwe. Integrated well services contract awarded to Baker Hughes Invictus confirms it has executed a binding well services contract with Baker Hughes for its basin opening drilling campaign in the Muzarabani-Mbire area of Zimbabwe, scheduled to […]

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Decklar Trucks 4,000bpd Crude Oil From The Oza Oil Field, Nigeria

Decklar Resources  has announced the initial successful shipments of crude oil via trucks from the Oza Oil Field to the Umugini Pipeline Infrastructure Limited (UPIL) crude handling facilities. Decklar and its co-venturer Millenium Oil & Gas have successfully trucked approximately 4,000 barrels of crude oil from storage tanks at the Oza Oil Field to the […]

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TotalEnergies To Divest 10% Stake In 16 Oil Assets In Nigeria

TotalEnergies, French multinational oil and gas giant, has formally launched the sale of its 10% stake in its Nigerian joint venture with Nigerian National Petroleum Company (NNPC) Limited, Shell Petroleum Development Company (SDPC) and Eni. This development is coming at the wake of the company celebration of its 60 years presence in the Nigeria. The […]

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Africa Oil Corp Regional Investment And Operations Outlook

Africa Oil Corp is a Canadian oil and gas company with a diversified African portfolio. The Company has transitioned to a full cycle E&P growth vehicle with production, cashflow, world-class development as well as significant exploration upside. The African regional prtfolio includes production in Nigeria Deepwater, developmental activity in Kenya Lokichar Basin, and exploration activities […]

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Cap Lopez Incident: The Tanker Maurel & Prom Will Reduce Its Production By Nearly 80% On The Ezanga Permit

(Le Nouveau Gabon) – The oil company Maurel & Prom announced on May 2 that it will gradually reduce its production on the Ezanga permit in Gabon from 19,000 barrels/day to 4,000, a drop of almost 80%. This decision was taken following the incident which occurred on Thursday 28 April at the facilities of the Cap Lopez […]

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SCG-Ré To File Claim On Perenco Cap Lopez Incident

From May 4 to 6, Andrew Gwodog, Managing Director of the reinsurance company SCG-Ré, led a delegation of insurers to Port-Gentil following the incident at the oil terminal of Cap Lopez, owned by Perenco. This company is insured by Sanlam Gabon and reinsured with SCG-Ré, the national reinsurer. “  Committed to more than 47.75% of this risk […]

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Panoro Announces Extension Of Block G PSC Offshore Equatorial Guinea

Panoro Energy has announced that the Ministry of Mines and Hydrocarbons of Equatorial Guinea and the Joint Venture partners at Block G offshore Equatorial Guinea have agreed a material time extension of the Production Sharing Contract (“PSC”) until 31 December 2040 covering both the producing Ceiba and Okume Complex Fields. Prior to the extension the […]

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