LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced that Savannah Energy Investments, has entered into a convertible facility agreement (the ‘CFA’) and option agreement with the Company in order to support the Company’s restructuring.  Savannah Investments is a wholly owned investment vehicle of Savannah […]

Invictus Energy has provided an update on the activities of its 80 per cent owned and operated CaboraBassa project in Zimbabwe. Data processing of the 2021 CaboraBassa 2D Seismic Survey (“CB21 survey”) and concurrent reprocessing of a legacy Mobil dataset has largely been completed by onshore high resolution data specialists Earth Signal Processing in Calgary, […]

BW ENERGY EBITDA for the fourth quarter of 2021 was USD 58.8 million, up from USD 8.3 million in the third quarter of 2021, due to two liftings to the Company in the quarter compared to zero liftings in the third quarter. One lifting to BW Energy is scheduled in the first quarter of 2022. “The combination of increased production from the final two Tortue Phase 2 wells and rising energy prices led to a strong fourth quarter and provides a positive backdrop going into 2022. This will be an active year for BW Energy with the Hibiscus / Ruche development on track for first oil late in […]

ExxonMobil subsidiary Esso PNG P’nyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the P’nyang project gas agreement for the proposed development of the P’nyang LNG project.  Subject to a final investment decision by the P’nyang project co-venturers, the ExxonMobil-operated P’nyang project would deliver LNG by constructing new upstream facilities […]

VAALCO Energy Inc. has provided an update on the Etame field reconfiguration in conjunction with the replacement of the existing Floating Production, Storage and Offloading unit (FPSO) with a Floating Storage and Offloading vessel (FSO) offshore Gabon. VAALCO anticipates that all of the associated engineering, long-lead equipment and significant contracts are proceeding in-line with the […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, has announced that it has provided a further loan of US$2.0 million to Energy Link Infrastructure (Malta) Limited (ELI), the company which owns the Alternative Crude Oil Evacuation System (ACOES) project. As previously announced, the ACOES is being constructed to […]

The Nigerian Content Development and Monitoring Board (NCDMB) have secured approval to launch a US$50 million fund for NOGAPS Manufacturing Product Line. This fund would be dedicated to companies that would operate in the Nigerian Oil and Gas Parks and engage in the manufacturing of equipment components used in the oil and gas industry and […]

The Ministry of Petroleum and Energy has announced the launch of the 2022 Licensing Round for Block A1.Prospective bidders are invited to download the Request for Proposal (RFP) which has been published on the Ministry’s website.https://www.mope.gm/downloads. This is set out in Annex 2 of the RFP and published on the Ministry’s website to GambiaLR@aglaw.com, and the Director […]

VAALCO Energy has announced the successful completion of the Etame 8H-ST development well that was drilled from the Etame platform in the Etame field, offshore Gabon. This sidetrack well targeted existing Gamba hydrocarbons in the field that have not previously been produced by prior wells and is the first well of VAALCO’s 2021/2022 drilling campaign. […]

WintershallDea is closing the chapter of its long oil production history in Egypt.after 38 years of economic and efficient production from the Gulf of Suez, and this is effective as of 1st January 2022.  “The Gulf of Suez concession will always be a proud part of our history in Egypt. It was the foundation upon […]