Nigerian Midstream and Downstream Petroleum Regulatory Authority NMDPRA Boss has met with delegates from Netherlands led by Mr Ewout de Wit, the Counsellor/Deputy Head of Mission, Embassy of the Kingdom of the Netherlands to Nigeria, on the possibility of increasing gas supply from Nigeria amidst Russia-Ukraine conflict. This is sequel to European Union Ambassadors recent […]

In the presence of the Algerian President Abdelmadjid Tebboune and the Italian Prime Minister Mario Draghi, the President of Sonatrach, Toufik Hakkar, and the CEO of Eni, Claudio Descalzi signed today in Algiers an agreement that will allow Eni to increase the quantities of gas imported through the TransMed / Enrico Mattei pipeline under the […]

Luanda & London, 11 April 2022: Somoil S.A., the largest privately owned Angolan oil company, and Sirius, an Africa focused oil & gas production and development company, are pleased to announce that the joint Somoil-Sirus consortium, (‘the Somoil-Sirius Consortium’ or ‘the Consortium’), has been awarded the exclusive right to acquire participating interests of 8.28% and 10% respectively in the producing Angolan offshore blocks […]

Afentraplchas confirmed that SonangolE.P has announced that Afentra has been selected as preferred bidder to purchase interests in Block 3/05 and Block 23. This follows the announcements on 8 October 2021 and 3 February 2022 that the Company had submitted a non-binding expression of interest for the two blocks which resulted in the subsequent suspension […]

One of Nigeria’s largest oil producers owes $1.7bn to Shell and seven banks, which if unpaid, could do significant harm to the West African country’s financial system, say the lenders. Aiteo Eastern E&P purchased a pipeline and an operating interest in one of the nation’s most prized onshore oil blocks seven years ago for $2.4bn. […]

VAALCO Energy Inc. has announced the successful drilling of the Avouma 3H-ST development well that was drilled from the Avouma platform in the Etame field, offshore Gabon. The Avouma 3H-ST development well was successfully drilled with a lateral of 268 meters in high-quality Gamba sands at the top of the structure. It encountered premium Gamba […]

Cloudbreak Discovery PLC has announced that it has entered into a Mineral Application Cooperation Agreement (MACA) with Gondwana Petroleum Namibia Pty Ltd, Timeworn Investments Pty Ltd, Pioneer Oil and Gas Consulting CC and a Swiss Based Asset Manager (SBAM). The purpose of the MACA is to jointly work towards submission of an application to acquire […]

Crude oil theft has being an excruciating factor towards efficient harnessing of Nigeria oil and gas economy. This ugly economic situation was previously attributed to militia insurgency in Niger Delta but has been believed to been quenched via Federal Government amnesty program. The sudden resurfacing of this economic sabotage at higher scale now that PIB […]

LEKOIL has announced that Lekoil Nigeria Limited and its subsidiaries, Lekoil Oil & Gas Investments Ltd, Mayfair Assets & Trusts Ltd, Lekoil 276 Ltd and Lekoil Exploration and Production Ltd (the “Plaintiffs”)) have notified the Company of an ex-parte injunction granted by the Federal Court of Nigeria, Lagos Division, to restrain: (i) the transfer of […]

TransGlobe Energy Corporation has announced an operations update of total Production averaging 12.4 MBoepd in Q1, 2022. Two 100% working interest (one 2-mile, one 1-mile) Canada Harmattan horizontal Cardium reservoir development wells were also drilled in the same period under review. In its African operations, the company also disclosed the drilling and casing of three […]