Claudio Descalzi, Chief Executive Officer of Eni, met with the President of the Arab Republic of Egypt, Abdel Fattah el-Sisi, to discuss Eni’s activities in the country and the areas of common interest and collaboration. The Minister of Petroleum & Mineral Resources Tarek El-Molla was also present at the meeting. The main issues addressed were […]

As part of its growth strategy to optimise the business and focus investments in core markets such as the Middle East, global drilling, engineering and technology provider KCA Deutag has completed the sale of its land drilling business in Nigeria for $18m to GeoplexDrillteq Limited. The sale includes five drilling rigs. GeoplexDrillteq Limited has purchased […]

QatarEnergy has entered into an agreement with ExxonMobil to acquire a working interest in an exploration block offshore Egypt. Under the terms of the agreement, which is subject to customary approvals by the government of Egypt, QatarEnergy will hold a 40% working interest in the contractor’s share in the North Marakia Offshore Block in the […]

Eni has embarked on a major upgrade of the resource base in the Ndungu field, located approximately 130 km off the coast and about 10 km from the Ngoma FPSO in the West Hub of block 15/06. The Ndungu 2 appraisal well was drilled 5 km away from Ndungu 1 and stroke 40 m of […]

United Oil & Gas PLC the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets is pleased to announce an update on the ASD-2 development well in the Abu Sennanlicence, onshore Egypt. United holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt. Highlights The ASD-2 well […]

Panoro Energy has released its 2021 Annual Statement of Reserves (ASR) of its global Operations. The company after taken into account of 2021 production of 2.8 MMbbls the total net working interest reserves for Panoro expressed in million barrels of oil (“MMbbls”) as of 31 December 2021 were stated as follows: Proved (1P) reserves of […]

The Nigeria commitment in the on-going Trans-Sahara Gas Pipeline project has recently received global relevance as Federal Government through the Nigerian National Petroleum Company Ltd-NNPC disclosed its planned massive gas investment in the country pipeline infrastructural developmentthrough gas delivery from Nigeria to Europe region. This was disclosed bythe Group Managing Director of the NNPC, Mele […]

WintershallDea and Sonatrach have expanded their Memorandum of Understanding, originally signed in August 2020. This is in continuation to explore new opportunities in Algeria in the field of gas production and low-carbon energy solutionsThe MOU now sets a basis for the company to consider new business opportunities in Algeria, not just in natural gas but […]

Sound Energy, the transition energy company, has released its audited final results for the year ended 31 December 2021. Development of the Moroccan Tendrara Production Concession Phase 1 Micro LNG project 10-year take or pay Gas Sales and Purchase agreement signed with AfriquiaGaz Execution of $18.0 million loan facility from AfriquiaGaz (with 6% annual coupon […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has noted the announcement made by Decklar Resources Inc. (Decklar) in Canada.  San Leon has a 11.5% shareholding in Decklar Petroleum Limited (DPL), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, […]