San Leon, the independent oil and gas production, development and Exploration Company focused on Nigeria, is pleased to provide an update on the funding arrangements by Decklar Petroleum Limited (“Decklar”) to develop the Oza Oil Field in Nigeria.  When fully disbursed, the funding is expected to be sufficient to re-establish oil production and provide development funding […]

Wentworth Resources, the independent, Tanzania-focused natural gas production company, has announced the following operational update and results of the year-end Competent Persons Report for 2020. Highlights To date, there have been zero reported cases of COVID-19 at Mnazi Bay. Employee safety remains a top priority and robust precautionary measures remain in place Wentworth’s share of […]

The Nigerian National Petroleum Corporation (NNPC) says it would do everything within its powers to ensure the timeous completion of the $3.6bn Integrated Gas Processing and Methanol Plant in Odioma, Brass Island, Bayelsa State. The Group Managing Director of NNPC, Mallam Mele Kyari, made the commitment at the signing of the Final Investment Decision (FID) […]

Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company listed on both the Nigerian Stock Exchange and the London Stock Exchange, has announced that its Incorporated Joint Venture, the ANOH Gas Processing Company, has successfully raised US$260m in debt to fund completion of its ANOH Gas Processing Plant The 300MMscfd capacity ANOH plant, […]

The Nigeria Federal Government is expecting the passage of the Petroleum Industry Bill by the National Assembly in March or April, the Minister of State for Petroleum Resources, Chief Timipre Sylva stated recently. Chief Sylva said this on the side-lines of the groundbreaking and foundation laying ceremony of the nation’s headquarters building of the Department […]

A Dutch court has ordered the Nigerian subsidiary of Shell to pay compensation over oil spills in Nigeria’s Niger Delta, a ruling which could pave the way for more cases against multinational oil firms according to Aljazeera. The Court of Appeal in The Hague on Friday 29 January, 2021 ruled that the Nigerian arm of […]

African Export-Import Bank (Afreximbank) has disbursed US$250 million of the US$1.1 billion that supported the acquisition by Trans Niger Oil and Gas Limited (TNOG) of a 45% stake in OML 17 onshore oilfield. With this US$250-million Reserve Based Lending facility, Afreximbank was the largest lender, underwriting about a quarter of the financing that enabled TNOG […]

VAALCO Energy, Inc .has announced that it has entered into crude oil commodity swap agreements for a total of 709,262 barrels at a Dated Brent weighted average price of $53.10 per barrel for the period from and including February 2021 through January 2022.  These swaps will settle on a monthly basis.  The Company is hedging […]

Savannah Energy PLC the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, has announced a trading update for the full year 2020 and guidance for the full year 2021.  Financial Year 2020 Nigeria Operational Highlights   According to the press release, the total cash collections from […]

Bowleven, the Africa focused oil and gas exploration group traded on AIM, has announced that New Age Ltd (New Age), Operator of the Etinde licence, has received formal approval to apply for a new Etinde Exploitation Agreement (EEA). This would replace the existing EEA which came into force by Presidential decree in January 2015.  The agreement […]