The African Export-Import Bank (Afreximbank), Africa’s foremost multilateral trade finance institution, is supporting the advancement of Mozambique’s energy industry and economy by committing up to US$400 million in guarantees and direct lending to the Area 1 LNG Project. The total Project is estimated to cost about US$24 billion and is set to be the largest […]

BW Offshore has announced the release of offshore workers kidnapped from an FPSO offshore Nigeria onboard FPSO sendje Berge in an armed pirate attack in July. On 2 July 2020, at approximately 4:20 am local time, BW Offshore’s FPSO Sendje Berge was subject to an attack by pirates offshore Nigeria in which nine Nigerian nationals […]

The Nigerian National Petroleum Corporation (NNPC) regrets to announce the demise of its former Group Managing Director (GMD), Dr. Joseph Thlama Dawha.  Dr. Dawha, died after a brief illness, NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru stated in a release today. The release said NNPC Group Managing Director, Mallam Mele Kyari, […]

The Nigerian National Petroleum Corporation (NNPC), said it has signed a Head of terms (HoT) agreement with China National Offshore Oil Corporation(CNOOC) and an indigenous oil production firm —South Atlantic Petroleum (SAPETRO). This now stands as a preliminary agreement to end a dispute with two energy companies over oil exports, signaling a move toward resolving […]

Nigerian National Petroleum Corporation, NNPC, and First Exploration & Petroleum Development Company Limited, First E&P, have announced the arrival of the Abigail-Joseph Floating Production Storage and Offloading, FPSO, unit to the shores of Nigeria.  In a statement obtained by Vanguard Maritime Report, weekend, First E&P said prior to her sail-away, the FPSO underwent upgrade, refurbishment and life extension […]

French energy giant Total has said recently that its 58 per cent owned affiliate, Total Gabon, has signed an agreement with Perenco to divest its interests in seven mature non-operated offshore fields. The agreement also includes Total interests and operatorship in the Cap Lopez oil terminal. The final transaction approval still remains on authoritative power […]

Tower Resources plc an oil and gas company with a focus on Africa has announced an update on its activity in respect of license PEL 96 in Namibia, covering blocks 1910A, 1911 and 1912B off Namibia. Tower has noted the announcement by Global Petroleum Ltd of updated prospective resource estimates in respect of its license PEL 94, […]

Eni has announced the discovery of new oil resources in the Western Desert of Egypt with a new exploration well in the South West Meleiha Concession. Production in the Concession started just one year ago and is now in excess of 12,000 bopd. According to Eni, it was successful drilling of the SWM-A-6X well, in the […]

Total, bp and Eni (as the Operator) have made a gas discovery with the Bashrush well on the North El Hammad license, located eleven kilometers off the Egyptian coast. The well encountered 102 meters net gas pay in high quality sandstones of the Abu Madi formation. A production test was conducted with flow rates of […]

The Nigerian National Petroleum Corporation (NNPC) has signed a $1.5 billion prepayment deal led by Standard Chartered (STAN.L) and backed by oil traders Vitol Group and Matrix Energy, two sources close to the matter said, the first such agreement since the coronavirus pandemic. The deal provides OPEC-member Nigeria with much-needed cash after its finances were […]