Egypt’s Petroleum Minister Tarek El-Mo lla (M) during the signing of the deal with Neptune Energy on Wednesday, February 12, 2019, Cairo, Egypt Egypt has signed an oil and gas exploration deal with Neptune Energy worth around $35 million for three wells in the Gulf of Suez, the oil ministry said on Wednesday. The wells […]

LEKOIL the Africa-focused oil and gas exploration, development and production company, is pleased to announce that the Otakikpo Joint Venture between Green Energy International Limited (“GEIL”) and LEKOIL (with LEKOIL as Technical Partner) has sanctioned Phase Two of the Otakikpo field development plan, following the successful completion of an independent third party competent persons report […]

Lekoil said it had reached a resolution with Optimum Petroleum, its partner on and the operator of OPL 310, to progress appraisal and development program activities at the Ogo discovery, which sits within the Block. Optimum and Lekoil are initially targeting a two-well program over the next twelve to eighteen months. However, this is subject […]

The search of Oil and Gas in the frontier basins of Nigeria has been on for decade now and discovering of this world essential commodity in the northern region of the country has been seen as a tall order despite enormous huge resources embedded in the search. The inability to discover oil and gas in […]

Sierra Leone 4th Licensing Round has been slated early next year for submissions of interest from prospective investors that are interested in offshore acreage. According to Petroleum Directorate Director General Timothy Kabba at the Africa Oil Week conference in Cape Town.”There will be a brief three-month period of evaluation and it is hoped awards may […]

Sonadrill Holding Ltd., Seadrill Ltd.’s 50:50 joint venture with an affiliate of Sonangol E.P., has secured a nine-well contract offshore Angola for the drillship Libongos. The contract includes six one-well options. The estimated total tract value is $101 million with commencement expected in late 3Q 2019 and running to early 2021. The Libongos is the […]

The Agogo1 well, discovered last March in Bloc 15/06 in the Angolan offshore, starts commercial oil production from next December, announced on Tuesday, the chairperson of ENI’s Board of Directors Claudio Descalzi. Claudio Descalzi was speaking to the press at the end of a meeting with the President of the Republic, João Lourenço, with whom […]

Following the success of the Year of Energy 2019 an initiative of the Republic of Equatorial Guinea which is seeing the organization of several high level investment conferences and road shows in Malabo and internationally this year, the country will be continuing its outreach to global investors with the Year of Investment 2020. Supported by […]

Nigeria LNG Ltd., the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10 billion expansion. The company is discussing with the country’s top-10 lenders including Guaranty Trust Bank Plc and Zenith Bank Plc, to raise as much as $2 billion, and with foreign lenders and export-credit agencies for […]

The series of recent development linking OMLs 25 in Niger Delta Region of Nigeria have generated concerns to all and sundry, Ranging from political undertones to its economic perspective. OML 25 is situated at the prolific hydrocarbon area, Niger Delta region Kula kingdom of Rivers State. Nigerians have witnessed years several mediations and engagements in […]