After a decline in global crude production activity in 2020owing to COVID outbreak, the oil group Maurel & Prom (M&P), a subsidiary of the Indonesian hydrocarbon leader Pertamina, plans to increase its production in Gabon in 2021. To achieve this objective, the The group intends to restart drilling on its Ezanga permit in Gabon. “M&P […]

Dana Gas United Arab Emirates-listed company has said that it had abandoned plans to sell onshore oil and gas assets in Egypt after conditions for a transaction could not be met. The energy company had expected to close the $236 million sale to IPR Wastani Petroleum Ltd, a member of the IPR Energy Group, early […]

The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development   (EBRD), the  (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund  (GCF) and Arab Bank today signed a US$114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development of the Kom […]

BP today announced gas production from Raven field, the third stage of its major West Nile Delta (WND) development off the Mediterranean coast in Egypt. The approximately $9 billion WND development includes five gas fields across the North Alexandria and West Mediterranean Deepwater offshore concession blocks in the Mediterranean Sea. bp and its partners, working […]

Invictus Energy has provided an update on the activities of its 80% owned and operated Cabora Bassa Project in Zimbabwe. Invictus Awards Seismic Acquisition Contract to Polaris Natural Resources Invictus, following the recent signing of the PEDPA with the Republic of Zimbabwe, has awarded Polaris Natural Resources, Canada’s longest standing seismic company, a contract to […]

Zenith Energy,the listed international oil & gas production company focused on pursuing African development opportunities, is pleased to announce that it has made a binding offer to wholly acquire a company holding a 100% interest in two hydrocarbons production and development concessions in Tunisia, which has now been accepted. Terms The Offer is represented by a […]

ADM Energy, a natural resources investing company, is pleased to announce it has entered into a non-binding collaboration agreement with OES Energy Services Limited, Nigeria’s largest swamp rig services provider, and 4Mation Drilling Services Limited, a solution provider in the energy sector. ADM, OES and 4Mation plan to explore opportunities to develop Barracuda Field in […]

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 […]