Lukoil a Russian multinational energy corporation headquartered in Moscow is still in talks with Equatorial Guinea’s Ministry of Mines and Hydrocarbons on the development of offshore block EG-27 months afterround. EG Ronda bid round. Lukoil and GEPetrol in November last year were awarded the operations of EG-27 (formerly Block R) through the EG Ronda 2019 […]
South Africa’s cabinet has approved the merger of three state-owned oil and gas firms; PetroSA, iGas and the Strategic Fuel Fund to form a single national oil company. According to the cabinet, the move is to cut debt by reducing the number and increase the competitiveness of state-owned firms. The approval follows a briefing on […]
Renergen an emerging integrated renewable energy producer, delivering superior and sustainable helium and domestic natural gas has entered the construction phase of South Africa’s first commercial (LNG) plant which is planned to come online around the third quarter 2021. This was revealed by the South African company during the signing of an agreement with Total […]
The Nigeria National Petroleum Corporation (NNPC) has announced the commencement of crude oil exploration along the Bida Basin sokoto North of Nigeria. The crude oil exploration 2D seismic data acquisition surveys in the Bida Sokoto basin are expected to spread across eight local government councils of Niger state, two in Kwara state and one in […]
Reconnaissance Energy Africa Ltd. is pleased to announce it has been granted a petroleum license in northwestern Botswana for 2.45 million acres (9,921 km2) and has entered into a farm-out option agreement on these lands. The Botswana lands are contiguous to the Company’s 6.3 million acre petroleum license in northeast Namibia. As a result of […]
TGS, a global leading provider of multi-client geoscience data for exploration & production companies, has recently announced the acquisition of its latest 3D survey SN-UDO-19, offshore Senegal. This latest stand-alone survey is located in northern Senegal. This unprecedented fit is sequel to a further recently completed survey, SS-UDO-19, in the southern part of the country. […]
Somalia has kicked off an initial roadmap with Shell and Exxon as joint venture partners to explore and develop potential offshore oil and gas reserves, Somalia the Ministry of Petroleum and Mineral Resources announced. “I am delighted we have agreed an initial roadmap with the Shell/Exxon joint venture. This gives us confidence in (the)ability to […]
PetroNor has announced that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence areas for a period of six months with a view to reaching a satisfactory outcome for all parties. A formal request has been […]
Mozambique’s National Petroleum Institute is expecting Exxon Mobil’s final investment decision[ FID) on a $30 billion prolific Rovuma gas project north of the country in 2021, the country recently proclaimed, but this speculation was allegedly dismissed by the company. “The final investment decision of the Rovuma LNG project has been postponed to, in principle, next […]
Aker Energy Ghana Limited (“Aker Energy”) reaffirms its commitment to finding a solution that will allow for the commencement of a phased development of the Pecan field offshore Ghana. “In a time when most other E&P companies are putting development projects on the shelf due to the COVID-19 situation and historic low oil prices, Aker […]
