In June last year, the federal government commenced the process of awarding marginal oilfields to qualified bidders, especially indigenous oil and gas companies that had shown capacity and resilience over the years. Coming at a time that the country’s revenue had gone south due to headwinds occasioned by the vicissitudes of the international oil market, […]

For the oil and gas industry, year 2020 remains unusual in the highs and lows of economic cycles. The downturn caused by COVID-19, however, has not only put many companies at risk but also oil-dependent nations like Nigeria. Defying the odds, the Federal Government, through the Department of Petroleum Resources (DPR), amid other measures, decided […]

A floating regasification unit (FRU) for the Tema port’s liquid natural gas (LNG) facility is expected to arrive in Ghana in January 2021 according to TLTC. This will enable Tema LNG Terminal Company (TLTC) to start delivering LNG to customers in the first quarter of the year 2021. The purpose-built FRU, which was built by […]

LEKOIL an oil and gas exploration and production company with a focus on Nigeria and West Africa, has said that it has noted the recent local press speculation in relation to a letter received by the Company from the Honourable Minister of State of Petroleum Resources of Nigeria in connection with the prior acquisition of […]

Nigerian National Petroleum Corporation, NNPC, and First Exploration & Petroleum Development Company Limited, First E&P, have announced the arrival of the Abigail-Joseph Floating Production Storage and Offloading, FPSO, unit to the shores of Nigeria.  In a statement obtained by Vanguard Maritime Report, weekend, First E&P said prior to her sail-away, the FPSO underwent upgrade, refurbishment and life extension […]

SDX Energy has announced that its operated South Disouq SD-12X well in Egypt has achieved first gas six weeks ahead of schedule. Following the success of the SD-12X exploration well in the second quarter of 2020, being a commercial discovery in the Kafr el Sheikh formation, SDX achieved first gas from the well on 21 […]

Consumers of the Liquefied Petroleum Gas, LPG, would have more domestic supply, as the Nigeria LNG Limited, has started the supply of 450,000 metric tonnes, MT in 2021, Vanguard news media reported. A company source, who confirmed the development, said the product would be delivered to designated destinations, including Lagos. Earlier, Managing Director, NLNG Limited, […]

Panoro Energy ASA is pleased to announce that PetroNor E&P Limited and Panoro have reached an agreement to extend the completion long stop date for the previously announced sale of its fully-owned subsidiaries that hold 100% of the shares in Pan Petroleum Aje Limited. The original long stop date was December 31, 2020, being the […]

United Oil & Gas Plc a production, development, exploration and appraisal Assets Company has announced the spudding of the ASH-3 well in the Abu Sennan Licence, Egypt. United holds 22% working interest in the Licence, which is operated by Kuwait Energy Egypt. ASH-3 is a vertical well targeting the producing Alam El Bueib (“AEB”) reservoirs at a depth […]

Total and its consortium (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea. This exploration block covers an area of 4,550 sq […]