Italian oil giant,  Eni has announced a significant oil discovery on the Eban exploration prospect in CTP Block 4, offshore Ghana. The Eban – 1X well is the second well drilled in CTP Block 4, following the Akoma discovery. Preliminary estimates place the potential of the Eban–Akoma complex between 500 and 700 Mboe in place. […]

Reconnaissance Energy Africa Ltd. and its joint venture partner NAMCOR (the state oil company of Namibia)  have announced successful completion of drilling operations of the second stratigraphic test well (6-1) in the Kavango basin of NE Namibia. The 6-1 well is now being prepared for wireline logging. Multiple logging runs will be made and up […]

Nigeria and International Oil Companies in the Oil Mining Lease (OML 130) Production Sharing Agreements (PSA) are are eyeing over $760m from fresh Gas Supply Purchase Agreements (GSPAs) and Gas Entitlement Agreement (GEA) executed at the NNPC Towers. The agreements, which are part of the Corporation’s gas commercialization programme involve Total Exploration and Production Nigeria […]

Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities,  has announced that its wholly owned subsidiary Zenith Energy Netherlands B.V.  has signed an extension agreement of the longstop date in respect of the conditional sale and purchase agreement it signed with KUFPEC (Tunisia) Limited, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company […]

Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced that, it is in advanced exclusive discussions with ExxonMobil Corporation with respect to the proposed acquisition of its entire upstream and midstream asset portfolio in Chad and Cameroon. The Proposed Acquisition would […]

Exalo Drilling has signed a contract with PanAfrican Energy Tanzania Ltd. which is the operator on the gas field located around Songo Songo Island. This will be Exalo Drilling’s first contract in Tanzania, but the company already has years of experience in drilling operations on the African continent. The contract covers the workover of three […]

TechnipFMC has been awarded a significant  integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract for the Jubilee South East development, located offshore Ghana. It will be the company’s first iEPCI™ project with Tullow Ghana. Jubilee South East is an extension to the Jubilee field. The contract builds upon TechnipFMC’s established relationship with Tullow and covers […]

FAR Limited has announced the completion of the sale of its entire interest in the Senegal RSSD joint venture to Woodside Energy (Senegal) BV. In line with guidance given at the FAR Annual General Meeting, and as a result of completion, FAR has received US$126 million from Woodside. Additional payments to FAR, up to US$55 […]

Panoro Energy ASA an independent exploration and production company based in London and listed on the main board of the Oslo Stock Exchange with the ticker PEN. Panoro holds production, exploration and development assets in Africa, namely a producing interest in Block-G, offshore Equatorial Guinea, the Dussafu License offshore southern Gabon, OML 113 offshore western […]

FAR Limited has announced the resignation of Non-Executive Chairman Nicholas Limb and Nonexecutive Director Reginald Nelson, effective immediately. Mr Limb and Mr Nelson have advised that with finalisation of the Senegal asset sale expected imminently, it is the appropriate time for Board renewal. Mr Limb has been a Director since 2011 and Mr Nelson since […]