According to information available to Reuters, the Italian prosecutor has asked for Eni and Shell to be fined and some of their former and current executives, including Eni CEO Claudio Descalzi, to be jailed in a long-running trial over an alleged corruption scheme related to licence OPL 245 in Nigeria. The prosecutors alleged that Eni and […]
Oil and Gas Industrial Watchers are still keen towards the long awaited Final Investment Decision (FID) on the prolific Preowei field expected in early 2019. French oil gaint Total is considering Preowei discovery tie-back to the Egina FPSO design and the competitive bidding process to select a subsea contractor for its deep-water project which is […]
The PGS Nigeria MultiClient data library provides excellent 2D and 3D seismic coverage over recently announced blocks in the 2020 Marginal Fields Bid Round. The Department of Petroleum Resources (DPR), on behalf of the Federal Government of Nigeria, recently launched its 2020 licensing round. A total of fifty-seven marginal fields are on offer, including a […]
A Private equity firm Carlyle Group and a consortium backed by Cairn Energy are in the running to acquire Shell’s onshore assets in Egypt, Reuter’s reports, citing two sources with knowledge of the matter. Previous reports had indicated that Cairn Energy was part of a consortium that initially included Cheiron and Pharos Energy, until Pharos withdrew from the […]
SDX Energy Plc the MENA-focused oil and gas company, has announced that it has disposed of its 50% working interest in the North West Gemsa licence, situated in the Eastern Desert of Egypt. The purchaser, Gulf Energy, a private Egyptian oil and gas company, has paid US$3.0 million in consideration for the Company’s interest, of which US$1.4 million has been […]
The Japan Bank for International Cooperation (JBIC) has signed on a loan agreement in project financing amounting up to USD3 billion with MOZ LNG1 FINANCING COMPANY LTD in Abu Dhabi, United Arab Emirates. The loan is extended under JBIC’s Growth Investment Facility. It is co-financed with the African Development Bank (AfDB), the Export-Import Bank of the […]
The Nigerian National Petroleum Corporation (NNPC) has fired 850 workers, many of them from refineries, amidst the coronavirus pandemic, senior oil workers union said. The workers sacked are both skilled and unskilled contractors, including technicians who helped maintain Nigeria’s oil refineries, said Lumumba Okugbawa, general secretary of the Petroleum and Natural Gas Senior Staff Association […]
LEKOIL an oil and gas exploration and production company with a focus on Nigeria and West Africa has announce that the Otakikpo Joint Venture which is made up of Green Energy International Limited (GEIL), the Operator of the Otakikpo Marginal Field, and the Technical Partner, LEKOIL Oil and Gas Investments Limited, in which the Company […]
Total the French oil exploration and production giant has secured $15.8 billion in funding for its massive liquefied natural gas (LNG) project in northern Mozambique, according to South African lender FirstRand’s local unit, FNB Mozambique. But the oil giant is yet to officially comment on this. In a recent development, FNB Mozambique said the financing […]
The Governing Council of the Nigerian Content Development and Monitoring Board (NCDMB) has approved the expansion of the Nigerian Content Intervention Fund from US$200 million to US$350 million. The enlargement of the Fund by US$150 million was part of the decisions taken at the recent NCDMB Governing Council meeting, which held virtually on June 16, […]
