Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil exceeds $20 a barrel. […]

FAR, Australia-based exploration and production company has acquired an additional 10% interest in the Blocks A2 and A5, located offshore the Republic of The Gambia. Sequel to this acquisition, the total working interest of the company is now expected to peak 50% interest and would retain the major operators of the blocks The interest is […]

Oil and gas explorer Kosmos Energy said it had made one of the largest discoveries of natural gas in recent years in waters offshore Mauritania, where it sees the potential to extract 50 trillion cubic feet of gas. In view of the discovery at the Orca-1 well, Kosmos said it had decided to extend the […]

Dutch offshore vessel owner Smit Lamnalco has won a $200 million, 10 years contract to provide services for Coral South FLNG offshore Mozambique. Smit Lamnalco, a 50% affiliate of Boskalis, will provide integrated marine services to what will be Mozambique’s FLNG unit, operated by Eni. “This marks the first terminal services contract awardfor the Mozambique […]

At the Etame field, the Company has begun drilling the Etame 9H horizontaldevelopment well targeting the Gamba formation, as planned. If successful, the Etame 9H well is expected to result in additional production coming online in December. As previously disclosed, the Etame 9P appraisal wellbore was successfully drilled and encountered both the Gamba and Dentale […]

Springfield Exploration and Production Limited (SEP), a subsidiary of Springfield Group, one of Ghana’s largest indigenous energy companies, has drilled its first new wells off the Ghanaian coast. Springfield becomes the first indigenous, independent energy company in Africa’s history to drill in deep water and places Springfield amongst known exploration companies, mostly foreign owned, who […]

Shell is considering among three prospects for a deep-water wildcat off Namibia, which is set to spud late next year at the earliest. The multi National Company will soon turn its focus to the rig market as it assesses available and suitable tonnage for the exploration well, which will be on its operated PEL 39 […]

ADM Energy, an exploration and production company has reinvigorated its investment interest in Nigeria oilfield Sector. The Company Presently holds an operatinginterest in OML 113, Aje field offshore Nigeria, has indicated its future investment strategy for a larger portfolio of projects across Nigeria and West Africa in 2020 and beyond.The Company recently made significant changes […]

To expeditiously grow the Federal Government’s revenue and in turn boost the nation’s reserve base,the Nigerian National Petroleum Corporation (NNPC), Nigeria Agip Oil Company (NAOC) and Oando, have executed a novation agreement for Oil Mining Leases (OMLs) 60,61, 62 and 63. The Group Managing Director of the NNPC, Mallam Mele Kyari, speaking on the significance […]

The Nigerian National Petroleum Corporation(NNPC) said that it had secured a US$3.15 billion financial and technical services agreement with local firm Sterling Oil Exploration & Energy Production Company Limited (SEEPCO) to develop the OML-13 oil license operated by NNPC’s upstream subsidiary Nigeria Petroleum Development Company (NPDC). The deal is part of NNPC’s strategy to develop […]