Africa Oil has taken note on the media disclosure recently made by TotalEnergies in ushering in of the renewal of Oil Mining License (OML) 130 for a period of 20 years which  Africa Oil has an effective 8% interest in asset through its 50% shareholding in Prime Oil & Gas Coöperatief U.A. (Prime). The company […]

The Nigeria targets to increase its hydrocarbon reserves to 50bn barrels are gradually coming to fruition. Barely less than one week to the exit of the current administration of the African second largest crude oil producer, the Nigeria President Mr Muhammadu Buhari has flagged off another crude oil drilling campaign of the Wadi-B Well in […]

 TotalEnergies has recently underlined its current drilling and operational activities projects in the Nigeria oil and gas sector. The company has disclosed these plans during just concluded Nigeria Oil & Gas Opportunities Fair NOGOF organized by the Nigerian Content Development and Monitoring Board NCDMB in Bayelsa State. Making the disclosure at the event is the […]

The Executive Board and Members of the Petroleum Technology Association of Nigeria (PETAN) joins millions of Nigerians and the rest of Africa in lauding the commissioning of the Dangote Refinery, which has brought us closer to becoming the Energy Hub of Africa. It is indeed a remarkable time in our national life, and PETAN is […]

The Nigerian National Petroleum Company Limited, NNPCL, has given kudos to the passage of Petroleum Industrial Act as an enabler that facilitated the  ability of the corporation in clearing the outstanding $3.8 billion joint venture cash-call debts owed to international oil companies, IOCs, operating in the country. Representing the NNPCL’s Executive Vice President, Upstream, Adokiye Tombomieye […]

The global expert in onshore seismic acquisition technology and solutions, STRYDE, has been awarded a contract worth over $1 million for the supply of 10,000 seismic receiver nodes and its “Nimble” node receiver system in Nigeria. STRYDE’s seismic sensor technology will be utilised on an upcoming 3D seismic survey conducted by Nigerian geoscience solutions provider, […]

Shelf Drilling has four jack-up rigs currently engaged in Nigerian offshore operations, and about three in the African region. Trident VIII secured a one-year contract with an undisclosed operator in Nigeria, expected to commence May 2023 upon completion of its current contract and a contract preparation project.  Shelf Drilling Scepter secured a two-year contract plus […]

With a recognized net income amounting to $21.9 million In Q1 2023, the Company is no doubt making tremendous progress in its Africa oilfields investment campaign. Africa Oil Corp. operations in Nigeria are ceaseless with its latest OML 130 drilling campaign which commenced on February 22, 2023, with the spud of the first infill well on the […]

The Federal High Court sitting in Yenagoa, Bayelsa State on Tuesday delivered a landmark judgment confirming the authority of the Nigerian Content Development and Monitoring Board (NCDMB) to collect the one percent Nigerian Content Development Fund (NCDF) levy from every contract awarded in the Nigerian oil and gas upstream transaction as mandated under section 104 […]

The utmost desire of Nigeria present administration is successful completion and subsequent commissioning of its numerous laudable projects across the country before the expiration of its tenure is seems to be falling in line as planned.  The recent commissioned Lekki Deep Sea Port in Lagos, The soon to be commissioned 650,000 barrels Dangote Refinery, The […]