NNPC Ltd’s Group CEO, Bayo Ojulari, reiterated the corporation’s utmost commitment to ramping up the nation’s crude oil production in line with President Ahmed Bola Tinubu’s directives through collaborative alliances with relevant corporate bodies and organizations such as Wood Mackenzie. Mr. Ojulari expressed this corporation’s ambitious goal when the Wood Mackenzie CEO Jason Liu and […]

A bid to harness Nigerian abundant gas reserves through numerous gas utilization projects such as the UTM Floating Liquefied Natural Gas project is gradually taken a critical center stage in the global gas investment space spurs by the Nigeria relentless commitment to commercialize her offshore stranded gas to economic oriented product. At forefront of this […]

Tullow Oil on 24 March 2025, signed a binding heads of terms agreement with Gabon Oil Company for the sale of Tullow Oil Gabon SA, which holds 100% of Tullow’s working interests in Gabon for cash consideration of $300 million net of tax. This disposal of a portfolio of non-core assets is accretive to both […]

Corcel Plc, the pan Angola-Brazil focused energy company has announced that, through its subsidiary Atlas Petroleum Exploration Worldwide Ltd (APEX), it has conditionally acquired an additional 30% gross interest in its operated Block KON-16 in the Kwanza Basin, onshore Angola, from a joint venture partner of the block, subject to Governmental approval. Concurrently, Corcel is […]

Chariot regains Operatorship of Lixus and Rissana licences Chariot Limited, the Africa focused transitional energy group today announces that Energean plc has returned its Moroccan offshore interests to Chariot by completing the transfer of their wholly owned subsidiary which holds 45% and 37.5% respectively in the Lixus Offshore and Rissana Offshore licences. The Anchois-3 well […]

Mauritania is accelerating its shift toward a fully privatized power generation model. Bids are due in the next two to three weeks for a new independent power plant tied to the Greater Tortue Ahmeyim (GTA) gas project. The country’s Minister of Petroleum and Energy, Mohamed Ould Khaled, made the announcement at the Invest in African […]

Eco (Atlantic) Oil & Gas, an Atlantic Margin-focused oil and gas exploration company, provides an update on activities in its entry into Block 1 offshore South Africa, located in the proven and highly prospective Orange Basin. Eco, through its wholly owned subsidiary Azinam South Africa, has entered into a Farm-In Agreement with Tosaco Energy to […]

Capricorn has been informed by the Egyptian General Petroleum Corporation (“EGPC”) that it has approved the consolidation of eight of the Company’s existing Egyptian concession agreements, in which it has a 50% participating interest held jointly with Cheiron Oil and Gas (Operator), into a new, single integrated concession agreement. The integrated concession agreement is subject […]

Renaissance Africa Energy Company Limited has disclosed that the company has isolated its 14-inch crude oil production pipeline that was severed by the recent vandals’ activities. The pipeline facility situated at Okordia–Rumuekpe in Ikata, Ahoada East Local Government Area of Rivers State was reportedly confirmed to be spilling crude oil into the community. According to Mr. […]

ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned investment of 1.5 billion dollars in deepwater exploration and development. This significant financial commitment, which will be implemented between Q2, 2025 – 2027 focuses on revitalizing production in the Usan deepwater oil field. The company proposed FID in late Q3 […]