San Leon has announced that it has entered an agreement with its partner Decklar Petroleum Limited as further discussion to its previous announcement of 1 September 2020 regarding its proposed investment of the Oza Field in Nigeria. The parties have agreed to a further three week extension to 21 November 2020 in order to finalise […]

ADM Energy a natural resources investing company with an existing asset base in Nigeria with holding 5% profit interest in the Aje Field being part of OML 113 has appointed Lionel Therond as its new chief financial officer in a non-Board role with immediate effect. Therond was previously an exploration and production geoscientist before spending […]

Eni announces the lifting and installation of the last of the 13 topside modules of the Coral-Sul FLNG facility, currently under construction in South Korea. This lifting, which marks the end of the onshore-modules fabrication campaign configuring the entire gas treatment and liquefaction plant, is to schedule and in line with the expected sail-away in […]

Tullow Oil has recently announced that the sale of its assets in Uganda to Total has been completed with $500 million consideration received earlieras at present. Tullow is also due to receive a further $75 million when a Final Investment Decision is taken on the development project plus contingent payments linked to the oil price […]

Bowleven, the Africa focused oil and gas exploration has announced that its Operational Etinde offshore Cameroon Front End Engineering Design (FEED) contract has been awarded to Technip in Q1 2020 Commencement was delayed until 1 July 2020 due to the impact of the COVID-19 pandemic. This contract focuses on the design and engineering of the […]

Total   is seeking divestment in a number of Angolan oilfields, in what is seen as an early sign of an expected wave of divestments by big energy companies from the West African country, industry sources said. Total could raise around $300 million from the sale of its 20% stake in Angola’s offshore Block 14, which […]

BW Energy has concluded on an alternative development plan for the Hibiscus/Ruche satellite field in the Dussafu license offshore Gabon, utilising a converted jack-up rig to reduce investments and time to first oil. Subsequently, the Company has acquired two jack-up drilling rigs, the 2003-built sister-units “Atla” and “Balder”, from Borr Drilling Ltd. BW Energy will […]

The Nigeria Petroleum Regulatory Body Department of Petroleum Resources (DPR) has stated recently that the bid round process for its 57 marginal oilfields in the country is still ongoing. Mr Paul Osu, Head, Public Affairs, DPR, told the News Agency of Nigeria (NAN) nade this disclosure recently in Lagos that the bidding process has not […]

The Nigeria state owned firm Nigerian Petroleum Development Company (“NPDC”) and FIRST Exploration and Petroleum Development Company (“FIRST E&P”) Joint Venture has announced the commencement of joint venture oil production from the Anyala West field in Oil Mining Leases (OMLs) 83 & 85. With the acquisition transaction for the 40% interests in both OMLs was completed in […]

LEKOIL the oil and gas exploration and production company with a focus on Nigeria and Africa has announced that it has entered into a Strategic Alliance Agreement with NAMCOR Exploration and Production (PTY) Limited through its subsidiary, LEKOIL Exploration & Production (PTY) Namibia Limited. NAMCOR E&P, a subsidiary of the national oil company of Namibia, […]