Zenith Energy the listed international oil & gas production company focused on pursuing African development opportunities, has announced that its wholly owned subsidiary Zenith Energy Netherlands B.V. has signed an extension agreement in respect of the conditional sale and purchase agreement  it signed with KUFPEC (Tunisia) Limited, a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of […]

ADM Energy PLC, a natural resources investing company, has announced the completion of the 15th Lifting  at the Aje Field, part of OML 113 offshore Nigeria. The Lifting totaled 225,000 barrels (52,000 barrels were left in the tank) with a net share of 27,675 barrels to ADM, which equates to ADM’s paying interest of approximately 12.3%. […]

Reconnaissance Energy Africa has revealed a successful drilling campaign program following its operational and corporate updates on its activities in the deep kavango basin offshore Namibia. Operations In accordance with its contractual obligation to the Ministry of Mines and Energy, ReconAfrica has achieved total depth on the 6-2 well, the first well of a three […]

Maire Tecnimont S.p.A. has announced that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Company Limited, located in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC).  The overall contract’s value is about USD 1.5 billion. […]

 Tullow Oil has announced the start of a multi-year, multi-well drilling campaign offshore Ghana with the commencement of drilling of the first well at the Jubilee Field.  As previously announced, the Maersk Venturer, which has been contracted for four years, is expected to drill four wells in total in 2021, consisting of two Jubilee production […]

Seplat Petroleum the Nigeria’s indigenous leading upstream oil company, has reported that it took an impairment loss of N41.1 billion ($114.4 million) from its interest in OML 55, a contentious Oil block it currently shares with Belemaoil under a management contract signed in 2017.  The losses contributed significantly to the company’s full-year loss of N30.7 […]

The ASD-1X exploration well, located 12km to the north-east of the producing Al Jahraa Field, safely reached its projected depth several days ahead of schedule and under budget. United Oil and Gas has announced that  it achieved a positive outcome in its drilling of the ASD-1X exploration well in the Abu Sennan concession. Preliminary results suggest […]

The Algerian National Hydrocarbons Company SONATRACH and Shell International Trading and Shipping Company Limited on Thursday signed a memorandum of understanding, which provides a framework for companies to explore means of cooperation on the supply and trading of hydrocarbons, said a statement from SONATRACH. “SONATRACH and Shell International Trading and Shipping Company Limited signed a […]

Nigeria said it welcomes all interested countries as it seeks a combined $4 billion for rehabilitation of both Warri and Kaduna refineries, including associated pipelines. A proposal on ‘Nigeria National Petroleum Corporation Energy Infrastructure Opportunities’ presented by the Nigerian National Petroleum Corporation, NNPC to the U.S Commercial Service said the sum of $2.5 billion is […]

FAR Limited refers to previous announcements, including its 17 February 2021 announcement that it had received a conditional non-binding indicative proposal from PJSC Lukoil to acquire the shares of FAR at 2.2c cash per share (Lukoil Proposal).  FAR had cautioned that the Lukoil Proposal was not a legally binding offer, was subject to targeted and […]