VAALCO Energy has announced that it has entered into crude oil commodity swap agreements for a total of 672,533 barrels at a Dated Brent weighted average price of $66.51 per barrel for the period from and including May 2021 through October 2021. These swaps will settle on a monthly basis.  The Company is hedging a […]

Afrrica Oil Corp has said that the Prime’s first quarter 2021 average daily W.I. production was 27,700 boepd and economic entitlement production was 30,300 boepd (84% light and medium crude oil and 16% conventional natural gas), net to Africa Oil’s 50% shareholding in Prime. It stated that the Production of the Egina field is continued […]

Africa Energy with operating 30.9% shareholding interest in Impact Oil & Gas has exposure to the Venus-1 exploration well in Block 2913B, offshore Namibia which is expected to spud by the end 2021. Venus-1 will target a large basin floor fan system with significant undiscovered petroleum initially in place that has been identified using 3D seismic data. Africa […]

Recent report has shown that the Tunisia domestic crude oil production went up 18% increase late in March 2021, to 491,000 tonnes (kt), about 3.6million barrels per day (mbd) reads the March 2021 report of to the monthly energy situation report released by the National Observatory of Energy and Mines Observatory (French: ONEM). According to […]

The Algerian government has recently examined two draft executive decrees defining the procedures for obtaining authorizations to construct structures for pipeline transportation of petroleum products, and a pipeline transportation system. This new development the countrys oil and gas sector , was done during its executive meeting chaired by Prime Minister Abdelaziz Djerad, According to a […]

The Nigeria Federal Government has expressed optimism about improved earnings from its gas monetisation scheme, following the signing of the Pre-Front End Engineering Design (Pre-FEED) contract by the licensee to commence the development of 176 million cubic feet per day Liquefied Natural Gas (LNG) floating plant. The Department of Petroleum Resources (DPR) had issued Licence […]

TGS, a global provider of energy data and intelligence, today announced it signed a Memorandum of Understanding (MOU) with carbon storage experts Horisont Energi to jointly develop new Carbon Capture and Storage (CCS) technologies. The MOU between the companies signifies a unique collaborative effort to identify and develop efficient methods for both the identification and […]

This is another case that will cause huge financial damage to Algeria as it goes through one of its worst financial crises. This is the Petroceltic affair where the Algerian propagandist media concealed the truth from Algerians about a real mess that has just been caused by the CEO of Sonatrach, Toufik Hakkar. Explanations.  On April 15, […]

Algeria has commissioned the Kasdir-Beni-Saf gas pipeline extension project. The event was performed by the country’s Petroleum minister Mohamed Arkab who stated that the pipeline is likely to strengthen Algeria’s place in the field of marketing and increase natural gas exports to Europe. The expansion is carried out by expanding the compression station in Beni […]

Petroleum and Mining CS John Munyes has announced that the land acquisition process for Kenya’s Lokichar-Lamu 824-km pipeline project is expected to be completed in December. Six counties have been identified for this process. These are: Lamu, Meru, Isiolo, Garissa, Samburu and Turkana, John Munyes has said through the Lapsset and the National Land Commission, […]