Eni has announced that it has closed the agreement signed last December with the Arab Republic of Egypt (ARE), the Egyptian General Petroleum Corporation (EGPC), the Egyptian Natural Gas Holding Company (EGAS) and the Spanish company Naturgy that will restart the Damietta liquefaction plant in Egypt, settle Union Fenosa Gas and SEGAS’s outstanding disputes with […]

Saipem has been awarded a Consultancy Service Contract by Libya National Oil Corporation (NOC) for the development of the Benghazi Oil Technical Center (BOTC). The integrated specialized Technical Center will be established in the Mreisa Free Zone, 25 kilometers from Benghazi and designed with best-in class facilities and technologies to serve the Libyan oil and […]

Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert for a base consideration of US$646 million and additional payments of up to $280 million between 2021 and 2024, contingent […]

VAALCO and its joint venture owners have said that they are evaluating the timing and budgeting for development and exploration activities on Block P offshore Equatorial Guinea. This latest information was disclosed in company’ The Block P production sharing contract provides for a term of 25 years from the date of approval of a development […]

The Nigeria government resilient commitment pursuit to effect maximum utilization of its nation’s abundant natural gas is evidently coming to the fore. The recent and major gas investment stride is the award of License to Establish (LTE) for the first Floating LNG production plant issued to an indigenous company UTM Offshore Limited by the Director/CEO […]

Shearwater GeoServices Holding AS (“Shearwater”) today announced the award of a 4D monitor marine seismic acquisition survey by Total E&P Angola (“Total”). “As the established global market leader in 4D monitor surveys Shearwater is pleased to announce the award of this advanced multisensor project by Total in Angola,” said Irene Waage Basili, the CEO of Shearwater. “We […]

Axxela Limited via its subsidiary Transit Gas Nigeria Limited (“TGNL”), and in partnership with the Nigerian Gas Marketing Company Limited (“NGMC”) a subsidiary of the Nigerian National Petroleum Corporation, its long-time strategic partner, has successfully commissioned an 18km gas pipeline system in Ogun State, South West, Nigeria. The 150mmscfd pipeline runs from Ibefun to Rite Foods Limited’s large-scale factory […]

Leading energy company, The Shell Petroleum Development Company of Nigeria Limited (SPDC), has restated commitment to support the Federal Government of Nigeria’s goal of using the country’s proven gas reserves to trigger economic activities for gas-based industrialization. Mr. Osagie Okunbor Managing Director, The Shell Petroleum Development Company of Nigeria (SPDC) and Country Chair of Shell […]

The Nigerian government has reiterated its commitment towards global net-zero emission affirmation of being part of the signatories to the Paris Climate Accord. The assurance this time around is coming from the nation’s Vice President, Prof. Yemi Osinbajo and he stated this during the recently held Federal Economic Council meeting in Nigerian capital city of […]

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced its audited results for the financial year ended 31 December 2020.  Operational highlights  · Working-interest production within guidance at 51,183 boepd, despite demand fall and OPEC+ quotas  · Liquids production […]