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, […]
BP today announced the start of gas production from its latest development offshore Egypt – the Qattameya gas field in the North Damietta offshore concession. Through bp’s joint venture, Pharaonic Petroleum Company (PhPC), the field, which is expected to produce up to 50 million cubic feet of gas per day, has been developed through a […]
Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd, a member of the IPR Energy Group (“IPR”) for the sale of its onshore Egyptian producing oil and gas assets for a consideration of up to $236 million including contingent payments. IPR is a leading private E&P operator in Egypt, with […]
The Nigerian National Petroleum Corporation (NNPC) has disclosed that the volume of oil deposits Nigeria holds declined by 2.16 per cent between 2018 and 2019 and is now 36.89 barrels (bbls). As reported In NNPC’s Annual Statistical Bulletin (ASB) for 2019 which was obtained by THISDAY, the corporation noted that, While the country’s oil deposit […]
The Department of Petroleum Resources (DPR) has affirmed the suitability of the 5,000 barrels per day (bpd) Waltersmith Modular Refinery project for refining operations. The Director of DPR, Sarki Auwalu, during a pre-commissioning visit to the project site located in Ibigwe, Imo State said that the purpose of the visit is to make sure that […]
Maersk Drilling has been awarded a three-well contract from Total E&P Angola for the 7th generation drillship Maersk Voyager which will be employed to drill development wells in Angola’s Block 17. The three-well contract has an estimated duration of 140 days, which means that Maersk Voyager is now contracted until Q2 2021. The firm value of […]
The Nigerian Content Development and Monitoring Board (NCDMB) and key organisations in the oil and gas industry -the Petroleum Technology Association of Nigeria (PETAN), Petroleum Contractors Trade Section (PCTS), Oil Producers Trade Section (OPTS) and the Nigeria LNG Ltd have advised against increasing the percentage of the Nigerian Content Development Fund (NCDF) from the current […]
Reconnaissance Energy has provided an operational update on the Company’s initial programs opening the deep Kavango Basin in the Kalahari Desert of North East Namibia and North West Botswana. “As result of ReconAfrica’s successful financing completed August 20, 2020, the Company is now funded to initiate and complete its three well drilling program designed to […]
Across the world, the Covid-19 pandemic, along with its subsequent travel restrictions and historic crash in oil prices, is deferring major final investment decisions and billions of dollars of capital that were expected to flow into Africa’s energy industry. Or is it really? According to APO Group While the impact of the Covid-19 pandemic on […]
