The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), for a consideration of $533m. A […]

BW Kudu Limited, a wholly owned subsidiary of BW Energy Limited and the National Petroleum Corporation of Namibia (NAMCOR) has signed a Farm-In and Carry Agreement. The agreement increases BW Kudu’s working interest in the Kudu license offshore Namibia from 56% to 95% in line with previously disclosed intentions. NAMCOR will retain the remaining 5% […]

TMC will deliver an offshore compressed air system consisting of three large compressors and control system to the Bonga Main FPSO (floating, production, storage and offloading vessel), which is located 120 kilometres southwest of the Niger Delta, in a water depth of more than 1,000 metres. The three large compressors will be retrofitted onboard the Bonga Main FPSO, which […]

The Shell Petroleum Development Company of Nigeria Limited (SPDC) has dismissed the purported takeover of Kidney Island asset of the SPDC Joint Venture in Port Harcourt by the Rivers State Government in the exercise of rights purportedly acquired through a court auction process that is still the subject of ongoing appeals at the Court of […]

Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming days, its finance minister said on Monday. Africa’s second-largest oil exporter has been seeking payment relief as it strives to overcome the hit from […]

Following the retirement of Kweku Awotwi from Tullow Ghana this June 2020, the company has appointed Wissam Al Monthiry as the new Managing Director. Kweku Awotwi is the first Managing Director of Tullow Ghana to be promoted to Executive Vice President of Tullow Oil plc. Among his achievements as MD, the TEN fields produced its […]

Zenith Energy has announced that it has entered into a cooperation agreement with Fleet Oil & Gas, privately owned Oil and Gas Company led by the former Egyptian Petroleum Minister, His Excellency Eng. Mahmoud Latif Amer based in Dubai, United Arab Emirates and has a representative office in Cairo, Egypt. The purpose of the cooperation agreement is to jointly identity, […]

The Grand Tortue Ahmeyim gas field development, straddling the offshore waters of Mauritania and Senegal, is expected to produce its first gas in 2023 following delays related to the coronavirus pandemic, according to Senegal’s Oil Minister Sophie Gladima. “The two countries and international oil companies BP Plc and Kosmos Energy Ltd. are collaborating on the […]

An international consortium led by Total (Total 35% Operator, Shell 30%, KUFPEC 25%, Tharwa 10%) and the Egyptian Natural Gas Holding company (EGAS) have signed an exploration and production agreement for the North Ras Kanayis Offshore block located in the Herodotus Basin, offshore Egypt in the Mediterranean Sea. This exploration block covers an area of […]

With the recent shortlisting of 161 indigenous companies to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country, the Nigerian oil and gas industry is expected to witness tremendous growth in no distant time a source from Nigeria regulatory body DPR reported.. The 161 successful […]