FAR Limited has received notice from Remus Horizons PCC Limited advising its intention to make a takeover offer for FAR shares at 2.1 cents per share. The Remus Offer is conditional only upon FAR and/or its subsidiaries not proceeding with the proposal to sell the Rufisque, Sangomar and Sangomar Deep  (RSSD) Project to Woodside and […]

Vancouver, British Columbia, Canada – Ministry of Mines and Energy and Reconnaissance Energy Africa Ltd have announced preliminary analysis of the data from the 6-2 well, the first of a three well drilling program, provides clear evidence of a working conventional petroleum system in the Kavango Basin. First Drill Site (6-2 well) The well sample […]

The American major believed that after a year of searching it had found a private Nigerian buyer for its lease on these two offshore blocks, but the NNPC has other ideas, Africa Intelligence reported. The process of selling Chevron‘s 40% stake in oil mining leases (OML) 86 and 88 was initiated in November 2019 via a […]

ION Geophysical Corporation has announced that the Company was awarded an exclusive agreement for 3D multi-client programs offshore Kenya. The agreement includes both 3D new acquisition offshore the Lamu Basin and reimaging vintage data offshore Kenya. Offshore Kenya is an attractive area with a proven petroleum system; however, it has remained underexplored, in part due […]

In Libya, members of Petroleum Facilities Guard (PFG) threatened to halt oil exports from Sharara, the country’s largest oil field with a current production capacity of 280,000 barrels per day. According to information provided by the argus media on 8 April, the armed militia explained this decision by not paying salaries related to the provision […]

The Nigeria government has refuted rumor hovering around the energy sector that it has revoked 32 refinery licenses issued to some investors in country. The reaction follows reports making the rounds in some section of the media that the government has revoked some refinery licenses that it had earlier issued within a period of 3 […]

United Oil & Gas PLC, the growing oil and Gas Company with a portfolio of production, development, exploration and appraisal assets, offers a quarterly production update for the first quarter of 2021. United’s Q1 2021 net working interest production averaged 2,520 boepd (2,053 bopd oil and 467 boepd gas), slightly above the previously provided guidance for H1-21 […]

The Managing Director of Nigerian National Petroleum Corporation NNPC Mr.Mele Kyari has assured major stakeholders and Nigerians on the same transparent process that heralded the award of Port Harcourt Refinery rehabilitation contract to be repeated in the case of the rehabilitation of the Warri and Kaduna Refineries whose EPCIC contracts would be awarded in June […]

Total and CNOOC have signed final agreements for the Lake Albert Resources Development Project. The signing ceremony held recently in Entebbe, was performed in the presence of Yoweri Museveni, President of the Republic of Uganda, Samia Suluhu Hassan, President of the United Republic of Tanzania, Patrick Pouyanné, Chairman and CEO of Total, as well as representatives […]

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made by Decklar Resources Limited yesterday in Canada, the full text of which is set out below: Decklar Resources Inc. Announces Operations Update on Oza-1 Well Re-entry ·Drilling rig for re-entry and testing operations has been contracted, with […]