The Nigeria’s oil and gas regulatory boby Department of Petroleum Resources (DPR), has said that it generated over N2 trillion in 2020. Director/chief executive officer of DPR, Engr Sarki Auwalu, who made the disclosure while delivering a keynote address at the 2021 Oloibiri Lecture Series and Energy Forum, organised by the Nigeria Council, Society of Petroleum […]

Shell’s recent sale of onshore assets in Egypt helps bring the European major closer to its $4 billion divestment target for the year, but it also supports the buyer. Working to achieve a net zero target by 2050, UK-based Cairn Energy acquired Shell’s stake in producing gas assets in the Western Desert, while offloading its […]

Tullow Oil plc has announced the successful result of its general meeting to approve the disposal of all of the issued share capital of its subsidiary, Tullow Equatorial Guinea Limited (“TEGL”) held by Tullow Overseas Holdings BV, another subsidiary of Tullow, to Panoro Energy Holding BV, a subsidiary of Panoro. TEGL holds a 14.25% non-operated […]

CCS JV, comprising Saipem, McDermott and Chiyoda, has signed a deal with ABB to provide comprehensive integrated and intelligent electrical systems for the east-African Mozambique LNG field which is expected to start production by 2024. With LNG capacity of approximately 13 million tonnes per annum, the current development will spearhead crucial economic and social investment […]

Sequel to previous announcement made on 18 February 2021, ADM Energy PLC, a natural resources investing company, has announced that it has conditionally agreed to invest in the development of the Barracuda oil field in OML 141, an existing discovery and near-term production asset in swamp/shallow waters offshore Nigeria.  The investment will be made by […]

A Nigerian court rejected Royal Dutch Shell Plc’s bid to overturn an order restricting access to the company’s bank accounts in the West African country, a spokesman said and reported by Bloomberg Aiteo Eastern E&P Co. obtained an injunction from a federal court in Lagos on Jan. 25 directing Shell and multiple Nigerian banks not […]

A crude production flow station operated by Conoil Production at Ango field in Koluama, Southern Ijaw Local Government Area of Bayelsa, has been shut by the host community according to the nation’s Daily Trust. The News Agency of Nigeria (NAN) has reported that the oil workers at the onshore facility connecting oil wells within the […]

South Sudan has started to operate its Bentiu’s oil refinery in Unity State, with a capacity to refine 10, 000 barrels per day (bpd), the deputy managing director of the firm that built the refinery said. Bentiu’s refinery is a joint venture by Russia’s Safinat and the state-owned Nile Petroleum Corporation (Nilepet). The refinery which was […]

 Aminex has provided the operational update on activities in the Ruvuma PSA, onshore Tanzania. As announced previously, the Company has completed the Farm-Out agreement with ARA Petroleum Tanzania Limited (“APT”) which has assumed Operatorship of the Ruvuma PSA. Under the Farm-Out agreement, Aminex is carried for its share of the associated field development costs up […]

Royal Dutch Shell has recently revealed that the volume of crude oil spills caused by sabotage in Nigeria’s oil-rich Delta dropped by 40% in 2020 to 1,400 tonnes as reported by Reuters. The revelation is coming not too long after the appeal court judgment passed on Shell Nigeria operations as regards to environmental pollution caused […]