Algeria is set to invigorate its hydrocarbon sector with a substantial $50 billion investment over the next four years, focusing primarily on exploration and production activities. Central to this initiative is an ongoing licensing round, offering six onshore blocks to international and domestic energy companies. Although the 2024 round closes before the Invest in African […]

Golar LNG Limited has announced that on January 18, 2025, FLNG Gimi received feed gas from the bp operated FPSO on the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal. Full commissioning of the FLNG has now commenced. Prior to achieving this key milestone, gas from the LNG carrier British Sponsor was being used to undertake […]

Li Zhenyu, President of China National Chemical Engineering International Corporation Ltd and Mr. Sheikh Mohamed Bayorh, President, Alpha Grip Management Company (AGMC) have performed formal partnership signing ceremony for the development, finance and construction of the Ogidigben Gas Revolution Industrial Park (GRIP) Project in Delta State, Nigeria between AGMC and CNCEC. The Director General of […]

Savannah Energy PLC, a British independent energy company focused on delivering Projects that Matter in Africa, is set to commission the US$45 million Uquo Central Processing Facility compression project in Nigeria. The company made this disclosure in the declaration of its full-year 2024 business update, According the company, the procurement process of long lead equipment progressing […]

Olu Arowolo Verheijen, the Special Adviser on Energy to President Bola Ahmed Tinubu of Nigeria, has highlighted numerous developmental strides achieved by the Tinubu administration in Nigeria’s energy sector. She then urges oil and gas companies to take advantage of these sector reforms to prompt oil investment opportunities across the sector: President Bola Ahmed Tinubu’s […]

The Nigerian National Petroleum Company Limited (NNPC Ltd.) extends its heartfelt condolences to the victims of the tragic petrol tanker explosion that occurred at Dikko-Maje Junction along the Abuja-Kaduna Road in Suleja Local Government Area of Niger State on Saturday. This devastating incident claimed the lives of several individuals who were attempting to scoop fuel […]

Minister of Petroleum and Mineral Resources Karim Badawi received Francesco Gaspari, President of ENI’s subsidiary in Egypt, in the presence of Moataz Atef, Undersecretary of the Minister’s Office, Technical Office and Spokesperson, and Mahmoud Abou El-Yazid, Vice President of the company in Egypt, where they discussed the company’s activities in its concession areas in Egypt, […]

Repsol has started exploration operations in the Murzuq Basin, after a long period of pause of activity in northern African regions for more than ten years since 2014. On 31 December 2024, the company started drilling operations in the exploratory well (A1=2/130) (Muammal Nesr). The formation of the Momaniyyat will also be tested in it, […]

Tullow has noted that the International Chamber of Commerce (ICC) has delivered the Tribunal’s award with regard to the application of Branch Profit Remittance tax (BPRT) to its operations under the Deepwater Tano and West Cape Three Points Petroleum Agreements, offshore Ghana, which include the Jubilee and TEN fields. The Tribunal determined that BPRT is […]

Côte d’Ivoire has joined the European Bank for Reconstruction and Development (EBRD), becoming its 76th shareholder. In August 2023 Côte d’Ivoire submitted a request to join the EBRD, and the Board of Governors approved its membership in October of that year. At the Bank’s 2023 Annual Meeting in Samarkand, the Board of Governors approved an amendment to […]