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 […]
Jihadis have seized a town and a convoy of fleeing civilians, including foreign workers, as fighting continued in the gas-rich region. French energy giant Total has evacuated 1,000 of its staff. Islamist militants have seized control of the town of Palma in Mozambique’s northern province of Cabo Delgado, killing several people, including a foreign worker. […]
Government is excited by the encouraging prospects of potential discovery of oil and gas in the Muzarabani area, as this will make the country energy self-sufficient, create employment, grow the economy and bring huge downstream benefits, President Mnangagwa has said. He also said Zimbabwe’s oil and gas industry represented huge, unique and competitive investment opportunities […]
The Chief Executive Officer of Eni, Claudio Descalzi, and the President General Manager of the Algerian state company SONATRACH, Toufik Hakkar, have met recently at the Eni headquarters in San Donato Milanese to take stock of common activities and sign various agreements in the exploration and production, research and development, decarbonisation and training fields. These […]
Zenith Energy, has announced that Zenith Energy Africa Limited, its fully owned subsidiary, has now completed the acquisition of a 100 percent interest in the fully owned subsidiary of Candax Energy in Barbados, Ecumed Petroleum Zarzis Ltd (‘EPZ’), which holds a 45% interest in the Tunisian onshore Ezzaouia Concession. Pursuant to the terms of the […]
Shelf Drilling, Ltd has announced that it has secured a two-year contract extension for the Trident 16 jack-up rig in direct continuation of its current term with Belayim Petroleum Company (“Petrobel”) for operations in the Gulf of Suez offshore Egypt. The Trident 16 has been working with Petrobel in Belayim fields since 2015, and following […]
