Sonatrach, Algeria’s national energy company, has terminated the contractual interest held by the U.K. company Sunny Hill Energy through its wholly owned subsidiary Petroceltic Ain Tsila in the Ain Tsila gas field in southeast Algeria. Sunny Hill Energy has invested hundreds of US$ millions in the project. Sonatrach has offered no compensation in relation to […]

Victoria Oil & Gas Plc, whose wholly owned subsidiary, Gaz du Cameroun S.A. (“GDC”), is the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, has said that it has settled amicably a gas supply agreement with Eneo. On 16 April 2021, GDC signed a settlement agreement with Eneo which will result […]

FAR has announced that with reference to the attached letter dated 14 April 2021 which was received from Remus Horizons PCC Limited as requested by it advising its intention to make a takeover offer for FAR shares at 2.1 cents per share.  According to the letter, Remus has stated it was proceeding to finalise its […]

Minister of State for Petroleum Resources, Chief Timipre Sylva, has intervened to avert industrial action at Agbami Offshore Oilfield operated by Chevron Nigeria Ltd (CNL). The General-Secretary of Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr. Lumumba Okugbawa, said on Thursday that Sylva had scheduled a meeting with the leadership of the […]

Oslo, 20 April 2021 – Panoro Energy ASA (the “Company” or “Panoro” with OSE ticker: “PEN”) is pleased to announce that it has received governmental approval and closed the previously announced farmout agreement (“FOA”) on Block 2B offshore South Africa. John Hamilton, CEO Panoro, said: “Following our recently announced successful entry into Equatorial Guinea, we are […]

Panoro Energy ASA has started its 2021 Gabon drilling campaign with the spudding of the Hibiscus Extension well on the Dussafu Marin Permit. This will be followed by drilling at Tortue and Hibiscus North.  “We are now restarting an exciting phase of operational activity in Gabon. Hibiscus Extension represents the largest potential impact well this […]

The Nigeria oil and gas regulatory body Department of Petroleum Resources (DPR), has debunked claims that the exact volume of crude oil produced in the country was not known. Mr Paul Osu, Head, Public Affairs, DPR, in a statement issued in Lagos, said every litre of crude produced in the country was adequately captured during […]

BW Energy  has announced the resumption of a three-well drilling campaign on the Dussafu license offshore Gabon consisting of two exploration wells in the Hibiscus area and one production well on the Tortue field. The Borr Norve jack-up rig has been contracted for the campaign. The current campaign will start with the Hibiscus Extension appraisal well (DHIBM-2) which is located about 56 km […]

RISC was commissioned by Africa Oil Corp. to report on the interests it holds in the reserves and contingent resources of Prime Oil & Gas Coöperatief U.A. as part of its financial reporting to the Toronto Stock Exchange (TSX) for year-ending 2020. The interests include two world-class deep-water blocks in Nigeria, OML 127 and 130. […]

United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets is pleased to provide the following reserves update on the Abu Sennan concession, onshore Egypt. United Oil & Gas holds a 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. Highlights: Independent reserves […]