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 […]

Trident Energy has been busy developing new ways of enhancing its production in Equatorial Guinea and the company is pleased to confirm the successful completion of its first deep offshore hot tapping operation, conducted on its CEIBA field which is located on the present-day continental slope. This innovative and complex method which was completed at […]

The company set out its plans in its annual filing with the US Securities and Exchange Commission (SEC). Total began drilling an appraisal well on Block 20/11 in January and another is planned for Block 48 this year. It bought the former block in June 2020, following the collapse of Cobalt International Energy, which had […]

Victoria Oil & Gas, whose wholly owned subsidiary, Gaz du Cameroun S.A., the onshore gas producer and distributor with operations located in the port city of Douala, Cameroon, provides a corporate and operational update on key matters. HIGHLIGHTS The Company experienced a small number of positive Covid-19 cases in the Douala office over the last […]

Tullow Oil plc (Tullow) has announced that the sale of its assets in Equatorial Guinea to Panoro Energy ASA (Panoro) has now completed. Tullow received a payment of $88.8 million from Panoro.  As previously disclosed, this transaction also includes contingent cash payments of up to $16 million which are linked to asset performance and oil […]

The Department of Petroleum Resources (DPR) has outlined five critical levers for gas development as Nigeria moves to leverage its abundant gas resources for national growth, diversification of the economy and to use gas as the fuel for  economic transformation. A statement issued on Monday by Mr Paul Osu, Head, Public Affairs, DPR said Mr Sarki […]

The investment will be channelled into drilling of more than 50 new oil wells and the installation of additional subsea infrastructure on the Jubilee and Tweneboa, Enyira and Ntomme (TEN) oilfields. It forms part of Tullow’s comprehensive plan to deliver maximum value for the country and stakeholders — Ghana Value Maximisation Plan. The Managing Director […]

Tower Resources plc the AIM listed oil and gas company with its focus on Africa, has announced an update regarding planned operations on the Thali license in Cameroon held by its subsidiary Tower Resources Cameroon SA, and the NJOM-3 well. The Government of the Republic of Cameroon has notified TRCSA that the President of the Republic has approved a further […]

The Exploration & Production arm of Shell Nigeria SNEPCO has appointed Elohor Aiboni as its first female Managing Director. The development was confirmed by one of the aides of President Muhammadu Buhari on Social media, Lauretta Onochie via her Twitter handle. She Tweeted:  Shell Nigeria Exploration and Production Company has appointed Eloho Aiboni, as its […]